Hershey’s Kisses Chocolate Candy Ranks No. 1 in Overall
Brand Equity
Harris Interactive Releases its 2007 EquiTrend Brand Equity
Study
ROCHESTER, N.Y. – June 26, 2007 – Harris Interactive®
today released the 2007 results from EquiTrend®, a renowned annual
brand equity study that measures and compares over 1,000 brands across 39
categories. EquiTrend has been conducted regularly since 1989.
This year, among the brands included in this 2007 study,
there are six brands that stand above all others:
- Hershey Kisses Chocolate Candy
has achieved the highest overall
"Brand Equity" score (79.5) as well as the highest "Overall
Relevance" score (77.2) among all 1,120 brands measured.
- Coca Cola and Heinz Ketchup
both scored 98 percent
"Familiarity" rating among respondents, the highest of all brands
measured.
- St. Jude Children’s Research Hospital
was noted as having the highest quality
score with an 8.54 out of possible 10.
- Kraft Foods, Inc.
has captured the highest "Purchase
Consideration" among brands measured with a score of 8.55 out of a
possible 10.
- Craftsman Tools
appears to have earned the attention of consumers and
gained the highest score for both "Brand Expectations" (7.65) and
"Trust "(8.55).
- Bentley Automobiles
seems to have set itself apart not only among
automotive brands but among all 1,120 brands measured as it scored the highest
rating for "Distinctiveness" (7.61).
"These brands are to be commended for not only have they
made themselves known – they’ve made their brands relevant to their
consumers," said Carol Gstalder, Senior Vice President, Brand &
Strategy Consulting Practice, Harris Interactive. "They have created
consumer expectations for a positive experience with their brands, and most
importantly, they’ve delivered on that brand promise."
EquiTrend provides insight on all 1,120 brands included in
the survey based on six base measures, including: Familiarity, Quality, Purchase
Consideration, Brand Expectations, Distinctiveness and Trust. From these base
measures "Brand Equity" and "Overall Relevance" are
calculated for each brand (See the methodology for details).
EquiTrend has been designed to be a concise and efficient way
to measure the bonds that exist between the consumer and brands. Key measures
help determine a brand’s stance among its competitors, within other
categories, and in comparison to world-class brands overall. Brands that utilize
EquiTrend are also able to break down results to understand their brand measures
by various audience segments including such segments as influentials and teens.
For more information on EquiTrend or on the Brand &
Strategy Consulting Practice at Harris Interactive please visit
www.harrisinteractive.com/brand or call 877.919.4765.
Methodology
- The EquiTrend study is a brand equity study conducted online once yearly
by Harris Interactive. This year’s study was conducted among 27,555 U.S.
consumers ages 15 and over between March 20 and April 3, 2007. The total
number of brands rated was 1,120. Each respondent was asked to rate a total
of 60 randomly selected brands. Each brand received approximately 1,050
ratings.
- Data were weighted to be representative of the entire U.S. population of
consumers ages 15 and over on the basis of gender, age, education,
race/ethnicity, region and income. Data from respondents ages 18 and over
were also weighted for their propensity to be online.
- A brand’s Equity score is determined by a calculation of Familiarity,
Quality and Purchase Intent, as a way to further our understanding of a
brand’s overall strength.
- Overall relevance is a brand Equity score derived from responses from all
respondents, even those who are not familiar with the brand. This scoring
measure provides a context to understand a brand’s strengths among all
consumers, regardless of Familiarity. Similar to Equity, a brand’s Overall
Relevance score is determined by a calculation of Familiarity, Quality, and
Purchase Consideration.
About the Harris Interactive Brand and Strategy Consulting
Practice
The Brand and Strategy Consulting Practice of Harris
Interactive is a research-based consultant team that designs and conducts
research to help organizations form stronger bonds with its key stakeholders and
improve business performance. The team utilizes an empirically-based approach
which has been validated in the marketplace as well as in academia for over the
past 40 years. This approach has been recognized with 13 David Ogilvy Awards in
11 years for assisting clients drive ROI. For more information on the Brand and
Strategy Consulting Practice at Harris Interactive please visit
www.harrisinteractive.com/brand.
About Harris Interactive
Harris Interactive is the 12th largest and fastest-growing
market research firm in the world. The company provides innovative research,
insights and strategic advice to help its clients make more confident decisions
which lead to measurable and enduring improvements in performance. Harris
Interactive is widely known for The Harris Poll, one of the longest
running, independent opinion polls and for pioneering online market research
methods. The company has built what it believes to be the world’s largest
panel of survey respondents, the Harris Poll Online. Harris Interactive serves
clients worldwide through its United States, Europe and Asia offices, its
wholly-owned subsidiaries Novatris in France and MediaTransfer AG in Germany,
and through a global network of independent market research firms. More
information about Harris Interactive may be obtained at
www.harrisinteractive.com. To become a member of the Harris Poll Online and be
invited to participate in online surveys, register at www.harrispollonline.com.
Press Contact:
Nancy Wong
609-919-2426
nwong@harrisinteractive.com
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