Green Tuesday is vying for a slice of the $5 trillion annual US retail market. According to the National Retail Federation about $600 billion of that consumer spending will occur between Thanksgiving and the end of the year.
Despite the competition from other consumer days, Green Tuesday is gaining ground. Since its launch in 2011 Green America's GreenDeals.org has acquired hundreds of thousands of green members and it has featured hundreds of deals from green businesses.
“Green Deals makes it possible to give great gifts for the holidays, while also giving back to the planet. Many consumers who are turned off by shopping at big-box stores during the holiday season will welcome this opportunity to participate in a way that is in line with their values, and save money at the same time,” says Green America Corporate Responsibility Director, Todd Larsen.
While helping to reduce the impact on the planet is laudable it is also salable. When it launched Green Tuesday in 2011, Green America published some research which supports the profit making potential of green focused consumer goods and services:
- 80% of consumers are likely to switch brands, similar in price and quality, to one that supports a cause. (See Cone 2010 Cause Evolution Study)
- 54% of shoppers say they consider elements of sustainability, such as sourcing, manufacturing, packaging, distribution, product use and disposal, as they select products and stores. (GMA/Deloitte Green Shopper Study, 2009)
- In 2009, 47% of consumers said they bought products from a socially or environmentally responsible company. Going into 2010, 76% of all consumers said they expected to purchase more from environmentally responsible companies. (Tiller, 2009)
- 92% of mothers want to buy a product supporting a cause. They are also more likely to switch brands and have purchased more cause-related products in the past year than any other demographic. (Cone 2010 Cause Evolution Study)
- 88% of women say they like brands that “allow me to do something good.” (“Women, Power & Money: The Shift to the Female-Driven Economy,” Fleishman-Hillard/Harrison Group, 2010)
- 76% of Millennials want brands to be ecologically conscious. (Generate Insight, 2009).
© 2013, Richard Matthews. All rights reserved.
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