American Marketing Association’s Post

In recent years, LGBTQ+ influencers like Alysse Dalessandro have relied on Pride Month for brand sponsorships. However, there's been a noticeable decline in sponsorships this year, attributed to brands' reluctance stemming from anti-LGBTQ+ pressure. Target's scaled-back Pride offerings reflect this trend. While some companies are still celebrating Pride, they are doing so more quietly and cautiously. Despite this, marketing budgets remain strong, prompting concerns that brands may miss out on a sizable LGBTQ+ consumer base if they don't engage with the community. Queer-identifying Americans represent $1.4 trillion in U.S. spending power, according to investment advisor LGBT Capital. Despite concerns about missing out on LGBTQ+ consumer spending, there's a shift towards year-round support over relying solely on Pride Month merchandising. Some brands, such as Target, highlight ongoing LGBTQ+ support, but this is seen as a minority effort. Overall, consultants note no widespread retreat from LGBTQ+ support among brands, with some even increasing their efforts, recognizing the importance of engaging with this community. Source: Modern Retail #PrideMonth #InfluencerMarketing #MarketingStrategy #ConsumerSpending

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