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Ageism kills brands
- Publication Year :
- 2022
- Publisher :
- UK : Elsevier, 2022.
-
Abstract
- Market share growth requires building mental and physical availability among all category buyers. However, if younger category buyers are more likely to purchase new-to-market products, then perhaps younger buyers are, relatively speaking, more important for growth. This research investigates the relationship between category buyer age, brand buyer age, and brand failure. When sub-brand buyer age is younger than category buyer age, the sub-brand is likely to be (a) new-to-market or (b) growing in market share. Older-than-category sub-brand-buyer age is likely for sub-brands that are (a) declining or (b) dead. Results from 17 years (1998–2014) of U.K. household panel data, including 5,913 sub-brands from 101 categories, show that age skews were uncommon (only 18% of sub-brands), and second, that growing, stable and declining sub-brands appealed equally to all ages. Finally, we identified that new launches and dead brands tend to skew to younger consumers, suggesting that new launches need to appeal to all ages to avoid failure Refereed/Peer-reviewed
- Subjects :
- Marketing
Economics and Econometrics
consumer age
05 social sciences
segmentation
Advertising
panel data
market share
0502 economics and business
General Earth and Planetary Sciences
ComputingMilieux_COMPUTERSANDSOCIETY
050211 marketing
Business
Market share
050203 business & management
ComputingMilieux_MISCELLANEOUS
growth and decline
General Environmental Science
Panel data
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.doi.dedup.....f59f4065148ea932d8a73957b8076c45