What it means that women are not as optimistic about the economy as men
August 27th, 2009
Ad Age article today states 73% of women said the recession has fundamentally changed the way they think about saving and spending money vs. 57% of men. Could it be because women are the ones shopping for the family, so they feel the effects of rising grocery bills combined with lower incomes? http://adage.com/u/5R3YZb
Marketers, whether packaged goods companies, clothing manufacturers or luxury retailers all need to adjust their efforts. The article goes on to state the they need to market to women’s “rational” side. We’ve been advising some of our clients about this very thing for months.
Position your items as basics, essentials, and smart buys.