2017 Gustavson Brand Trust Index reveals Canada's most trusted brands

VICTORIA, May 16, 2017 /CNW/ - The Peter B. Gustavson School of Business at the University of Victoria has unveiled the third annual analysis of the brands most trusted by Canadians, highlighting how community engagement, relationship management and customer experience influence consumer trust. 

The Gustavson Brand Trust Index was established to raise awareness of the role trust plays in the minds of consumers when making purchasing decisions, and measures the relationships between brand performance, social equity, trust and advocacy for brands in Canada. The initiative highlights Gustavson's goal of educating and championing responsible leadership, part of the vital impact that drives UVic's sense of purpose as a leading teaching and research hub.

"Trust plays a vital role in our community, economy and collective mindset as Canadians," says Saul Klein, dean of the Gustavson School of Business. "We have witnessed several breakdowns in trust over the past year, which we see reflected in our results. It is clear that trust can erode very rapidly but it takes a long time to build or to recover from mis-steps."

The annual Gustavson Brand Trust Index uses a statistically representative sample of 6,560 consumers to score 294 Canadian companies and brands. It measures the performance of brands and companies in 26 industry sectors on a range of brand value measures.

The survey results can be broken down by demographics to show how perceptions of trust and advocacy for particular brands differ between men and women, in different regions and across age and income groups.

Canada's Top 10 Most Trusted Brands for 2017 (Rank in 2016):

  1. MEC (1)
  2. CAA (New to the survey)
  3. Costco Wholesale (3)
  4. Fairmont Hotels & Resorts (8)
  5. IKEA (22)
  6. Chapters/Indigo (59)
  7. President's Choice (1)
  8. Interac (11)
  9. Cirque du Soleil (New to the survey)
  10. WestJet (54)

More information about the Gustavson Brand Trust Index is available at: http://www.uvic.ca/gustavson/brandtrust/index.php

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GUSTAVSON BRAND TRUST INDEX
BACKGROUNDER

The Gustavson Brand Trust Index (GBTI) measures Canadian consumers' opinions about 294 corporate and product brands across 26 categories.

The GBTI evaluates responses by 6,560 Canadian consumers to assess consumer levels of brand trust and what causes them to recommend a brand to their friends and family. The team behind the GBTI found that Canadian consumers closely link brand trust with consumer advocacy. The responses are indexed to provide rankings for the brands nationally, by category, gender, age, region and income.

Gustavson Brand Trust Model

The brand trust survey instrument measures different dimensions of trust that influence whether consumers recommend a brand to their networks:

  • Brand trust overall– consumer perceptions of whether the brand is trustworthy and acts with integrity
  • Values-based trust – consumer perceptions on the brand's social responsibility
  • Functional trust – consumer perceptions on how well the brand's product performs or functions
  • Relationship trust – Consumer perception on how the brand interacts with its customers
  • Word of mouth – whether consumers recommend the brand to others

Canada's Top 10 Most Trusted Brands for 2017 (Rank in 2016):

  1. MEC (1)
  2. CAA (New to the survey)
  3. Costco Wholesale (3)
  4. Fairmont Hotels & Resorts (8)
  5. IKEA (22)
  6. Chapters/Indigo (59)
  7. President's Choice (1)
  8. Interac (11)
  9. Cirque du Soleil (New to the survey)
  10. WestJet (54)

Insights from the 2017 Gustavson Brand Trust Index

  • The majority of brands were perceived positively (only two brands received a negative score)
  • Brand trust increases with age
  • Brand trust decreases as income of a consumer increases
  • Female consumers are more trusting then their male counterparts
  • Values-based trust is becoming a more important driver of overall brand trust.

Winners of Consumers Trust by Industry Sector

Appliances

Maytag

Automobile Rental

Enterprise Rent-A-Car

Beer

Alexander Keith's

Cars, Motorcycles & Parts

Tesla Motors

Coffee/Tea

Kicking Horse

Confectionery/Snack Foods

Lindt/Lindor

Dairy

Agropur

Delivery Services

FedEx

Electronics & AV Equipment

Apple

Financial Services

Interac

Food & Drug Retailers

Costco

Gas Stations

ESSO

Hotels

Fairmont Hotel & Resorts

Household Care

Tide

Insurance

Blue Cross

Media & Entertainment

Cirque du Soleil

Packaged Foods

President's Choice

Personal & Beauty Care

Dove

Restaurants/Takeout

Tim Hortons

Retailers (Other)

MEC

Soft drinks/juices/waters

Canada Dry

Sportswear

Columbia Sportswear

Technology

Google

Telecoms/Cable

TELUS

Transportation

WestJet

Travel

CAA

 

The Gustavson Brand Trust Index team leaders

Dr. Saul Klein, Dean and Lansdowne Professor of International Business, Gustavson School of Business
Dr. Saul Klein has had a broad-ranging career spanning developing, developed and transition countries. He specializes in the areas of marketing strategy, global business and international marketing.  His research focuses on the global competitiveness of emerging market firms and he has provided consulting assistance to over 50 different organizations in these areas in Canada, the USA, Singapore and South Africa. He has also led strategic planning workshops for a variety of organization in different sectors. Klein serves on the boards of the National Consortium for Indigenous Economic Development (Canada), the Mediterranean Entrepreneurship Development and Innovation (Tunisia) and on the International Advisory Committees of UIBE and Beijing Jiaotong Universities (China).

Dr. David Dunne, Professor, International Marketing and Service Innovation, Gustavson School of Business
Dr. David Dunne joined the Gustavson School of Business in 2014. His research explores how designers apply in-depth user research and creative thinking methods to "wicked problems," critical, chronic problems in society and business with no clear start or end point, such as problems in the health care system. His research has been published in business and design journals, including Harvard Business Review and Academy of Management Learning & Education. He has held appointments at design schools in the Netherlands, the US and Mexico. Dunne teaches design, strategy and marketing to students and executives worldwide. His recent executive teaching/consulting clients include AstraZeneca, Corus Entertainment, GlaxoSmithKline, Mt Sinai Hospital and Ontario Local Health Integration Networks.

Dr. Linda Shi, Associate Professor, Gustavson School of Business
Dr. Linda Shi teaches marketing and international business. Her research interests include global marketing strategy, China marketing, customer relationship management, global account management, service recovery and customer satisfaction. Shi has published her research in numerous scholarly journals including: Journal of International Business Studies, Management International Review, Journal of International Marketing, and Journal of Business and Industrial Marketing, among others. Shi previously worked for Proctor & Gamble's China headquarters and was responsible for several key projects regarding inventory reduction, supplier and customer management, and cost accounting process optimization.

About The Peter B. Gustavson School of Business
The Peter B. Gustavson School of Business at the University of Victoria is dedicated to providing a non-traditional business education and a dynamic learning environment that develops principled managers and leaders who can drive innovation and social change. Located in Victoria, BC at the University of Victoria, Gustavson is among the fewer than one per cent of the world's business schools that hold both AACSB (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System) accreditation. The Gustavson School of Business offers BCom, MBA, MGB and PhD programs, has 95 international exchange partners, and celebrated its 25th birthday in 2015. For more information, visit: www.uvic.ca/gustavson.

For more information on the Gustavson Brand Trust Index, see: http://www.uvic.ca/gustavson/brandtrust/index.php

SOURCE University of Victoria

For further information: Media contacts: Saul Klein (Dean, Gustavson) at 250-721-6422 or bizdean@uvic.ca; Krista Boehnert (Communications, Gustavson) at 250-721-6630, 250-415-5093 (cell) or boehnert@uvic.ca; Brian Cant (Tartan Group) at 250-888-8729 or brian@tartangroup.ca

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