2 Matching Annotations
  1. Jan 2026
    1. Consumers often seek out retailers that stand for the social values that they embrace. In a recent survey, 66 percent of consumers indicated they would consider switching to a new product if it meant they could purchase from a company dedicated to a brighter future.36 Such considerations are important to stakeholders other than consumers too. In line with its long-standing reputation for taking a stand on various societal issues, Ben & Jerry’s launched an ongoing campaign, “Save Our Swirled,” to bring awareness to the need to heed the UN’s Paris climate accords.37

      This excerpt highlights the growing importance of social values in consumer decision-making. Many consumers prefer to support retailers whose ethical, environmental, or social commitments align with their own beliefs, and are even willing to switch products to do so. The example of Ben & Jerry’s illustrates how companies can actively promote social and environmental causes as part of their brand identity, appealing not only to consumers but also to other stakeholders who value corporate responsibility.

    2. All these retailers survive and prosper because they satisfy a group of consumers’ needs more effectively than their competitors, and thus consumers patronize different retail types when they have different needs. As consumer needs and competition change, new retail formats are created and existing formats evolve.

      This excerpt explains that the success of retailers depends on how well they meet specific consumer needs compared to competitors. Consumers choose different types of retailers based on what they are looking for at a given time, which is why multiple retail formats can exist simultaneously. As consumer preferences and competitive conditions change, retailers must adapt by evolving existing formats or creating new ones to remain successful.