Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,160,459 members, 7,843,396 topics. Date: Wednesday, 29 May 2024 at 02:07 AM

Coronavirus: 38% Of Americans Wouldn't Buy Corona Beer - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Coronavirus: 38% Of Americans Wouldn't Buy Corona Beer (745 Views)

If You Had Known This Earlier, I Believe You Wouldn't Spend Lavishly / Hope I Wouldn't Find Myself To Be Blamed If I Return This ATM Card To The Owner / Food Inflation In Nigeria Rises To 17.38% As Inflation Rate Jumps To 14.23% (2) (3) (4)

(1) (Reply)

Coronavirus: 38% Of Americans Wouldn't Buy Corona Beer by harpahrah(m): 3:26pm On Feb 28, 2020
Corona beer isn't making any changes to its advertising despite the name's unfortunate similarity to the deadly coronavirus.

Constellation Brands (STZ), which brews several variations of the popular lager, said in a statement that its customers "understand there is no link between the virus and our business."

The spread of the coronavirus couldn't have come at a worse time for Constellation, which is spending $40 million to launch its new Corona-branded hard seltzer. Part of the promotion includes a sponsored tweet that has sparked criticism for using the phrase "coming ashore soon."

Replies to the tweet say the ad is in "poor taste" and that the brand should "lay low for a few weeks."

Two surveys released this week show that the Corona's brand is suffering from negative buzz.

5W Public Relations said that 38% of Americans wouldn't buy Corona "under any circumstances" because of the outbreak, and another 14% said they wouldn't order a Corona in public. The survey encompasses polling from 737 beer drinkers in the United States.

In another survey conducted by YouGov, the firm found consumers' intent to purchase Corona fell to its lowest level in two years. The survey also showed that Corona's buzz score, a metric that that measures favorability, has dropped significantly since the beginning of the year.

Online searches for "corona beer virus" spiked in early February, but have since declined.

Constellation Brands' stock dropped 8% on Thursday, although the entire stock market has fallen sharply as fear grows about the spread of coronavirus. The number of cases have climbed to 83,577 globally Friday. Nearly 3,000 people have died from the virus.

Source: https://amp.cnn.com/cnn/2020/02/28/business/corona-beer-marketing/index.html?__twitter_impression=true

Re: Coronavirus: 38% Of Americans Wouldn't Buy Corona Beer by cRobo: 3:42pm On Feb 28, 2020
Who na like better thing

(1) (Reply)

How Profitable Is A Sports Betshop Business. / Must Read: Why You Should Stop Playing Baba Ijebu Before It Wrecks You In 2020 / Web designer

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.