Brands pump advertising spend into fourth quarter as consumers ‘seek joy’ - News Summed Up

Brands pump advertising spend into fourth quarter as consumers ‘seek joy’


Irish marketers are “bullish” about the crucial fourth quarter, with brands ramping up their advertising activity in the expectation that consumers will seek “to bring a bit of joy into their lives” as Christmas nears. Shenda Loughnane, group managing director of media agency group Dentsu Aegis Network Ireland, said its current forecasts were for 4 per cent year-on-year growth in Irish advertising spend in the fourth quarter. “The second quarter was the same for us as it was for every other industry – it was a bit of shock. For many brands it is a case of releasing the budgets they paused in the second quarter,” Ms Loughnane said. “If you’re in the aviation business, there’s not a lot going on, but if you’re in retail, there is lots.


Source: The Irish Times October 12, 2020 03:22 UTC



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