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Entries in consumers (2)

Tuesday
Apr142015

Catalyst Content Briefing 13 April 2015

IN THIS ISSUE » MUTUALITY LAB • BlackRock CEO: Short-term thinking means important long-range goals get pushed to the sidelines • MIT study finds microcredit doesn't lift people out of property, other research suggests cash does » CULTURE LAB • Cross-team diversity greater driver of workplace innovation: Study • Productivity consultant says employees should be encouraged to adopt 'What's in it for me?' attitude about business meetings » DEMAND LAB • Lego-funded childhood play studies building blocks of company success

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Friday
Dec122014

Hendrick's: targeting consumers by culture instead of demographics

Hendrick's Gin recently held a theatrical and whimsical pop-up event at Cyclorama, a historic building in downtown Boston, inviting hundreds of Bostonians to experience, taste, and observe weird, delightful things. Hendrick's Emporium of the Unusual was designed with quirky consumers, or hipsters, in mind. As a recent profile in Fast Company observes,

The brand has made itself an expert on hipster culture, observing it with an almost anthropological fascination."

This targeting has been effective, with operating profits rising 10.6% last year, stemming from a reputation built on "word of mouth and careful nurturing of the brand." Senior brand manager Kirsten Walpert says the brand focuses on psychographic qualities related to attitudes and lifestyles instead of demographics, and most of their consumers are young city dwellers in their twenties and thirties. Through targeting key events and partner organizations that align with the brand's ethos, Hendrick's Gin is paving a unique path for itself.

Image source: Fast Company