Caliber, a brand reputation analytics and strategy company, polls continuously on many questions, but one’s a lapel-grabber for founder and CEO Shahar Silbershatz. It asks whether respondents would recommend a company. The question is posed to a variety of respondents, meaning that while consumers will interpret the question as whether they’d recommend shopping the brand, others take it differently. “If I’m a supplier, if I’m an investor, if I’m a regulator or policymaker, recommendation is something that applies to a lot of people, not just to shoppers,” Silbershatz explained to Retail Brew. “It’s a more important metric, simply because it’s more multi-stakeholder.” In other words, for retailers the response encompasses not just whether consumers would recommend shopping in their stores, but also whether financial planners would recommend their stock, vendors and other brands would recommend them as partners, and employees would recommend working for them. According to data shared exclusively with Retail Brew, Caliber asked respondents in January whether they agreed with the statement, “I would recommend Target to others,” 49% agreed. But in February, following Target announcing at the end of January that it would eliminate its diversity, equity, and inclusion (DEI) efforts, the percentage who agreed dropped 11 points, to 38%. Considering how much coverage Target has received for backtracking on DEI, Silbershatz suggested that’s why Target took such a reputational hit. “The biggest thing that was reported around Target at that time was the DEI policy, so it’s likely that,” Silbershatz said. Keep reading here.—AAN |