People are currently riding a wave of nostalgia.
Nokia has brought back it’s classic 3310 mobile phone; vinyl record sales are at a 25 year high; and pre-orders for Nintendo’s relaunch of the classic 1990’s SNES console sold out in minutes.
This yearning for retro products is not just limited to technology.
According to research by GlobalData, more than half of consumers believe grocery products from the past are better than the ones available now.
In fact consumers have become more sceptical of the quality of modern grocery products over time, as belief that products from the past are better increased from 2014 to 2016.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThis increased sentimentality toward the past is driving demand for retro revivals; as consumers look favourably on old brands and products they remember.
So why are consumers so fond of the past?
In today’s digital age, people are starting to long for a life less complicated before modern technology took over.
Amid the complexities and uncertainties of today’s world — from Trump to Brexit — people long for simpler times; and are turning to products which remind them of this.
The ultimate challenge for brands is to reinterpret nostalgia in a way that captures the charm and authenticity that consumers seek; while still leaving room for growth and evolution in a world where consumer needs are ever-changing.
Related Company Profiles
Nintendo Co Ltd
Nokia Corp