Brazilians believe the colour of their underwear worn at midnight on New Year’s Eve will dictate their fortune for the following year. As the colour yellow represents money, yellow underwear has been selling out in that country. Duloren, one of Brazil’s biggest underwear producers cannot keep up with demand.
People are so fearful of the tightening world economy that they are willing to try anything, including wearing yellow underwear, then washing it in the New Year and wearing the lingerie inside out on the first Friday. It remains to be seen if strict adherence to the steps required by this belief will avert the credit crunch!
Credit Crunch Superstitions
Yellow Underwear Means Money
Trend Themes
1. Superstition-driven Consumer Behavior - Exploring and capitalizing on consumer behavior driven by superstitions can lead to disruptive innovation opportunities in various industries.
2. Fortune-focused Product Demand Surge - The surge in demand for yellow underwear in Brazil highlights the potential for creating and marketing products that are believed to bring good fortune or luck.
3. The Influence of Cultural Beliefs on Consumer Choices - Understanding and leveraging cultural beliefs and traditions, such as wearing specific colored underwear for fortune, can open avenues for disruptive innovation in product development and marketing strategies.
Industry Implications
1. Fashion and Apparel - The fashion and apparel industry could benefit from creating and marketing clothing and accessories associated with good fortune or luck, catering to superstitious consumers.
2. Consumer Goods - The demand for fortune-focused consumer goods, like yellow underwear, presents potential disruptive innovation opportunities within the consumer goods industry.
3. Marketing and Advertising - Marketers and advertisers can tap into the superstition-driven consumer behavior by creating campaigns that align with cultural beliefs and traditions, boosting sales and brand recognition.