Women ‘still underestimated by brands’ despite spending power
Despite having more financial influence than ever before, 49% of women globally still feel that brands don’t understand them and aren’t taking them seriously.
This is according to a new study from The Collective, the female-focused global advocacy and advisory arm of global sports, music, and entertainment company Wasserman.
The Collective surveyed 8,700 women aged 18-65 across ten major markets — Australia, the US, UK, Canada, France, Germany, India, Mexico, Japan, and China. It found that women are shaping the future of commerce and hold two-thirds of the world’s discretionary spend in their pockets, but their buying power is still being underestimated by brands and marketers.
That’s interesting that women feel, that given women are the overwhelming majority of CMOs.