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Consumer Trends Index 2023 for Europe
Listening to consumers is more important than marketing to them. And with a looming pan-European recession, this has never been more crucial. That’s why we surveyed over 7,000 consumers in Europe on everything from what channels they like to purchase from, why they’ve left a favoured brand and how their spending habits will change due to the rising cost of living.
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Email is still performing
Email is outperforming banner ads by 100%. As brands own their database, it is not only one of the highest converting channels, but is also comfortably the most cost-effective.
Brand loyalty is on the rise
Almost two-thirds of consumers (64%) cite the loyalty program of their favourite brand as either important or critically important to winning their lasting loyalty.
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Fewer impulsive purchases, more loyalty benefits
As a result, 60% of consumers are less likely to make impulsive purchases and 43% will rely on loyalty benefits more than in previous years.
Get the latest consumer purchasing behaviour data and trends across Europe
The Cost of Getting Loyalty Wrong
What do consumers in Europe really want when their favourite brand communicates with them?
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