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Tax rebate checks
will be in the mail soon. Normally consumers see them as
windfalls to splurge on a big ticket item. But this year more
and more Americans will be using the rebates just to pay their
bills.
Britt Beemer, America's Research Group
By Britt Beemer - America's
Research Group
The number of shoppers drawn to
discount stores for their purchase reached an all-time high of
93.7 percent during the last month.
In the ten years that I have been conducting the Consumer Mind
Reader Survey for America's Research Group, I have never seen
such a huge majority of American consumers turning to a single
retail category. To attract 937 of the 1,000 consumers we
interviewed for the survey is unprecedented.
Given the state of our economy, the reason behind the dash for
discount prices is obvious. Continually rising fuel costs are
now being felt not only at the pump, but in the price of
products in retail stores.
The recession has already forced American families into a
belt-tightening mentality. Between looming foreclosures,
business layoffs and general economic uncertainty, luxury
shopping is out the window. There's room in the family budget
for items on the wish list. Consumers are not buying what they
want because they can only afford what they need.
These factors directly benefit discount stores, perceived by
consumers as the best value store with the best prices.
Another big advantage discount stores enjoy these days is
shopping convenience. With gas prices so high, consumers aren't
driving to specialty stores when they can buy everything they
need in a single location.
Tax rebate checks will be in the mail soon. Normally consumers
see them as windfalls to splurge on a big ticket item. But this
year more and more Americans will be using the rebates just to
pay their bills.
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