Harris Poll: Millennials Increasingly Dictating Health Of America’s Top Brands

Southwest Airlines, Mercedes-Benz, Microsoft, Bose, Fidelity, Marriott Hotels,Trulia.com, Nordstrom, Enterprise Rent-A-Car, Moe’s Southwest Grill, Apple iPhone and More Named as Brands of the Year in Annual Harris Poll Study

09:00 AM EDT Apr 19, 2017 Rating
  • Tools

U.S. Consumers Rally Around Brands With Shared Values: Liberals Award Higher Brand Equity to Starbucks, Ben & Jerry’s, NPR, HBO and PBS, While Chick-fil-A and Papa John’s Are More Appealing to Conservatives


American Airlines, Microsoft Computers, FX Television Network, Five Guys, The Cheesecake Factory, TripAdvisor and CarGurus.com Among Those Making Their Top Brand Debut

 

NEW YORK, April 19, 2017 – With a rising disposable income, interest in new technologies, and changing life stage needs, millennials[1] are increasingly dictating the health of America’s top brands, according to new research from The Harris Poll. The Harris Poll’s 29th annual EquiTrend Study reveals the strongest brands across the media, travel, financial, automotive, entertainment, retail, restaurant, technology, household and nonprofit industries, based on consumer response.

Measuring brand health over time, the EquiTrend Brand Equity Index is comprised of three factors - Familiarity, Quality and Purchase Consideration - that result in a brand equity rating for each brand. Brands ranking highest in equity receive the Harris Poll EquiTrend “Brand of the Year” award for their respective categories. This year, more than 100,000 U.S. consumers assessed more than 4,000 brands across more than 450 categories. The full Harris Poll EquiTrend Brands of the Year list can be found at http://www.theharrispoll.com/equitrend-rankings/2017.

“More engaged with more brands than ever before, millennials - the largest generational cohort - are reshaping the U.S. brand landscape,” said Joan Sinopoli, vice president of brand solutions at The Harris Poll. “With prime earning years still ahead of them and a strong sense of values, they are dictating culture through the brands they buy. Millennials are using their new spending power to explore the world around them, purchase and feather their new nests and take steps to financially protect their growing families.”

Evidence of millennials’ impact on brand health from The Harris Poll’s research includes:

“Millennials could be considered responsibly rebellious,” said Sinopoli. “They want brands who share their values yet deliver experiences and solve solutions with technology and intuition, and demonstrate an acute understanding of how millennials think, act and solve problems.”

Right Brand, Left Brand: Beyond the Generation Gap

Harris Poll’s research shows that generational impacts are not the only influences on consumers’ brand choice. In a country facing a “values chasm,” Americans are rallying around brands aligned with their personal values.

“Age is certainly a driver of liberal versus conservative values, but there are other fundamental differences suggesting that there is less a divide based on age alone,” said Sinopoli. “It’s more of a divide based on ideologies and world views, and we see those values played out for politically and socially active brands.”

Liberal-leaning consumers are the drivers behind Ben & Jerry’s Ice Cream Shops, a longtime activist brand led by CEOs who actively supported presidential candidate Bernie Sanders, as well as Starbucks, whose CEO has been vocal in his opposition to the administration’s recent travel ban proposal, pledging to hire more immigrants and refugees. Chick-fil-A and Papa John’s, companies with CEOs who have voiced their conservative beliefs, are awarded higher equity by conservative-leaning consumers.

In the media industry, PBS maintains a strong following across generations, but its brand equity increases among liberal-leaning consumers when compared with conservative leaners (+9). HBO, the home of Bill Maher and John Oliver, has a strong following among millennials, but also among liberal-leaning consumers across generations when compared with conservative leaners (+11). Most notably, Harris Poll’s research shows much higher equity for NPR among liberal versus conservative leaners (+24).

“Brand preferences demonstrated by values, rather than generational differences, are more striking and perhaps carry a more serious message about how we live today,” said Sinopoli. “How can we expect to close the country’s divide if we aren’t meeting each other over a cup of coffee or discussing news and entertainment from the same sources?”

Top Brand First Timers

This year, the 29th year that the Harris Poll has been measuring brand equity, 18 companies make their Brand of the Year debut.

The Harris Poll 2017 EquiTrend

Brand of the Year Debuts

 

Industry

Award Category

Brand of the Year

Auto

Car Audio

Beats In-Vehicle Auto

Auto

Online Auto Shopping

CarGurus.com

Electronics

Home Entertainment Electronics

Bose Home Entertainment Electronics

Electronics

Smart Home*

Google Home

Financial Services

Life Insurance

Guardian Life Insurance

Home

Health Information Website

Drugs.com

Media

General Entertainment

FX Television Network

Media

Sports TV

NFL Red Zone

Nonprofit

International Aid Nonprofit

Mercy Corps

Restaurant

Burger Restaurant

Five Guys

Restaurant

Coffee & Quick Service Restaurant

Starbucks

Restaurant

Casual Dining Restaurant

The Cheesecake Factory

Restaurant

Ice Cream & Frozen Yogurt*

Ben & Jerry’s Ice Cream Shop

Technology

Computer Manufacturer

Microsoft Computers

Technology

Smart Watch

Apple Watch

Travel

Full Service Airline

American Airlines

Travel

Luxury Hotel

JW Marriott

Travel

Online Travel Service

TripAdvisor.com

*First year for this category

Methodology

The 2017 Harris Poll EquiTrend Study is based on a sample of 102,617 U.S. consumers ages 15 and over surveyed online, in English, between December 30, 2016 and February 21, 2017.  The survey took an average of 30 minutes to complete. The total number of brands rated was 4,052. Each respondent was asked to rate a total of 40 randomly selected brands. Each brand received approximately 1,000 ratings. Data was weighted to be representative of the entire U.S. population of consumers ages 15 and over based on age by sex, education, race/ethnicity, region, income, and data from respondents ages 18 and over were also weighted for their propensity to be online. Respondents for this survey were selected from among those who have agreed to participate in Harris Poll surveys. Because the sample is based on those who agreed to participate in our panel, no estimates of theoretical sampling error can be calculated.

The Brand Equity Index is the keystone to the EquiTrend program, providing an understanding of a brand’s overall strength. A brand’s Equity is determined by a calculation of Familiarity, Quality and Purchase Consideration. Brand of the Year is determined by a simple ranking of brands.

The Harris Poll EquiTrend methodology has been validated by academic business experts in the Journal of Marketing Research (1994) and International Journal of Research on Marketing (2012).

These statements conform to the principles of disclosure of the National Council on Public Polls.

About The Harris Poll
Over the last five decades, Harris Polls have become media staples. With comprehensive experience and precise technique in public opinion polling, along with a proven track record of uncovering consumers' motivations and behaviors, The Harris Poll has gained strong brand recognition around the world. The Harris Poll offers a diverse portfolio of proprietary client solutions to transform relevant insights into actionable foresight for a wide range of industries including health care, technology, public affairs, energy, telecommunications, financial services, insurance, media, retail, restaurant, and consumer packaged goods.

The Harris Poll EquiTrend results disclosed in this press release may not be used for advertising, marketing or promotional purposes without the prior written consent of Harris Poll.


[1] Defined as consumers born 1977 – 1995.

Rate This Article: