We can probably look at Ratner jewellery sales to find out.
It's probably more a power curve... if you happen to have the social media incidents which are at the top of the curve then craters your business, but for every other incident (the vast majority) there is no impact.
So really it's just risk management... most of the time you get away with it unscathed, and once in a million times it makes the brand extinct.
This one wasn't an extinction event, but others will be.
I did say there were some exceptions! Ratner being one of the famous ones. As a counterpoint I analysed Cadburys sales after they had a salmonella outbreak and had to recall loads of product, it had a short term blip, but within 3 months sales were back to normal.
We can probably look at Ratner jewellery sales to find out.
It's probably more a power curve... if you happen to have the social media incidents which are at the top of the curve then craters your business, but for every other incident (the vast majority) there is no impact.
So really it's just risk management... most of the time you get away with it unscathed, and once in a million times it makes the brand extinct.
This one wasn't an extinction event, but others will be.