We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stifel Financial Corporation | NYSE:SF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 83.14 | 0 | 09:00:00 |
While an overwhelming majority of consumers (80%) still believe it’s important for brands to operate sustainably, only a third (32%) highly prioritize sustainability when making purchasing decisions, compared to other factors like good value (68%) and low price (57%). Amid persistent inflationary pressures, consumer prioritization of low price reflected the largest gains year over year (up five points from 52% in 2022).
Roughly three of five consumers (63%), however, remain willing to pay a premium for brands with leading sustainability practices.
“We know that many consumers regularly consider and value sustainability, especially in the active and casual lifestyle category,” said Jim Duffy, Managing Director and Sports and Lifestyle Brands Analyst at Stifel. “However, our survey found that 62% of consumers are more concerned about the state of the economy this year versus last year and 56% are more worried about their personal finances, so pocketbook issues are having a greater impact on purchasing decisions.”
Stifel, working with Morning Consult, recently surveyed 6,053 U.S. active/causal lifestyle brand consumers ages 18-55. Other key findings include:
“Operating sustainably is a consumer expectation, but brands weighing in on social issues is a high-wire act,” noted Duffy. “Consumers want brands to support their issues, but the majority indicate they would boycott a brand that expresses views opposing their own. Deep understanding of the customer is essential to this risk-reward calculus.”
Global Insights
The survey also questioned 4,096 additional active/causal lifestyle brand consumers ages 18-55 across the UK, Italy, Germany, and France. Similar to findings among U.S. consumers, at least four of five category purchasers across all international markets believe it’s important for brands to operate sustainably, but the figures declined year over year. Similar to the U.S., value and price concerns outweigh sustainability practices as purchasing priorities. Specific findings include:
“European markets have historically led the U.S. in concern for brand sustainability, but that gap has narrowed amid economic pressures,” added Duffy. “The broad-based 2023 European declines in perception of the importance of brand focus on environmental efforts may signal ‘sustainability fatigue’ and the peak in European consumer sustainability concern.”
Full survey results can be found here.
Updating the Stifel Sustainable Lifestyle Brands Index
In conjunction with the survey, Stifel is updating the “Stifel Sustainable Lifestyle Brands Index,” which ranks brands based on U.S. active/casual lifestyle consumer perception of brand sustainability practices. Brands were measured according to three metrics of sustainability: environmental, social, and ethical business practices.
For the third year in a row, Bombas was rated the top sustainable brand, followed by Yeti (No. 2) and The North Face (No. 3). In fact, Bombas scored highest in each of the three metrics considered.
Rounding out the top ten are: Carhartt (tied at No. 4), Patagonia (tied at No. 4), Allbirds (No. 6), Adidas (No. 7), Columbia (tied at No. 8), Under Armour (tied at No. 8), and Smartwool + Levi’s (No. 10).
Survey Methodology
Morning Consult conducted n=11,551 online interviews among general population adults ages 18-55 and active/casual lifestyle brand purchasers ages 18-55 in the U.S., UK, Italy, Germany, and France from October 23-30, 2023. Sampling included approximately n=1,000 general population adults in each market, and an oversample of active/casual lifestyle brand purchasers in each market.
General population adults and active/casual lifestyle brand purchasers were separately sampled and weighted to be demographically representative for their age groups according to published population statistics for age, gender, region, education, race, and income in the U.S., and age, gender, region, and education in the UK, Italy, Germany, and France. Active/casual lifestyle brand purchasers are defined as those who purchased at least one of the following types of brands within the past six months: athletic or activewear clothing or footwear brands; casual lifestyle clothing or footwear brands; outdoor clothing or footwear brands (i.e., for hiking, skiing, etc.); or sporting goods or outdoor recreation equipment brands.
Sustainable Lifestyle Brand Index Methodology
Stifel and Morning Consult measured sustainability ratings for 50 active/casual lifestyle brands with leading sustainability practices among n=4,756 active/casual lifestyle brand consumers in the U.S. Active/casual lifestyle brands were measured according to three metrics of sustainability: environmental sustainability, ethical business practices, and social sustainability. Index scores for each of these metrics were calculated according to the following methodology, and then averaged together to compute the overall Sustainable Lifestyle Brand Index Score.
Calculations for each brand focus on those who selected a response on Stifel’s four-point scale, excluding those who selected “Don’t Know/No Opinion.” Raw scores were calculated for each brand by adding value for positive ratings and subtracting value for negative ratings. “Excellent” and “Poor” were given twice the weight of “Good” and “Just Fair” to ensure more polarized views were reflected in the scores. Finally, raw scores were converted to index scores, where the average score for each metric is indexed to 100. This ensures Stifel’s three metrics are uniform, and have equal weight when averaged together to compute the overall Sustainable Lifestyle Brand Index Score.
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.
Media Contacts Neil Shapiro, +1 (212) 271-3447 shapiron@stifel.com
Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/7d1e3f9f-3e59-4f8b-b074-5db3ce1b70efhttps://www.globenewswire.com/NewsRoom/AttachmentNg/421f4a09-5ae5-4588-96e5-8a6d36df7511
1 Year Stifel Financial Chart |
1 Month Stifel Financial Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions