The maker of Pampers, Dawn, and other consumer staples reported a 7% net sales increase over last year. That’s not just because of higher prices — consumers also bought more of their products.
The shopper-brand relationship has always relied on loyalty. But gone are the days of free upgrades or special discounts — now, longtime consumers often get higher prices.
A new study finds that millennials — people between the ages 18-34 — believe it's important to the get lowest price when shopping, which means giving up on brands they're loyal to.