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Related articles
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Consumer Confidence Falls to a All-Time Low in December |
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Textron to Exit All Non-Captive Financial Businesses |
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Indicators Suggest Weak Economy Through End of Year |
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Gas Prices Force Dramatic Drop in Discretionary Spending |
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College Students to Spend Less on Furniture, Electronics |
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Back-to-School Electronics Spending to Show Slight Gains |
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Gas, Food Prices Continue To Hurt Discretionary Spending |
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Employment Trends Index Declines; More and Steeper Job Losses |
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Drumbeat Of Bad News Continues To Drive Consumer Sentiment Down |
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Economy Taking Toll; Small Business Owners Spending Less |
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U.S Flat-Panel Market Remains Strong but Caution Advised |
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Consumer Spending Patterns Shift as Gas, Food Prices Reduce Discretionary Spending |
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Gallup: Small Business Owner Optimism at Five-Year Low |
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Canadian Retailers Post Second Highest Growth Rate in Five Years |
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Flat Panel Makers Use Smaller Screen Sizes to Stimulate Demand as Growth Slows |
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Rising Costs Continue to Chip Away At Rebate Checks |
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Consumer 2.0, the Information Omnivore |
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Economic Conditions Will Dampen Tax Rebate Impact |
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Sixty Eight Percent Polled Believe U.S. Entering Recession |
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Consumers' Economic Outlook Grim; Confidence Deteriorates |
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HDTV
Adoption Jumps Significantly Over Q4 2007 |
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High Energy, Food Prices
to Take Toll on Home Entertainment Sales |
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U.S. PC Growth Slows; Dell, HP, Acer Lead Shipments in Q1 |
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U.S. Foreclosure Activity Up 57 Percent From March 2007; Nevada Leads Country In Foreclosures |
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CEO Confidence Declines To Lowest Level Since 2000 |
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New York Exterminator: Bed Bug Infestation an Epidemic |
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Economic Confidence Index Plummets; Half of Small Business Owners Rate Economy Poor, Getting Worse |
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Download Census Data on All U.S. Counties |
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Gas Prices
High Enough; Americans Tell Congress No More Gas Taxes |
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Southern, Western States Lead Nation in Population Growth |
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Consumer Survey Finds Decline in Consumer Electronics Spending |
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New $5 Bill Begins Circulation Today; Video Podcast Describing New Features |
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Harvard Law Paper Seeks to Quantify Effects of Credit Restrictions on Rent to Own Industry |
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DOE Predicts Gas To Peak at $3.50-$4 Per Gallon |
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U.S. Retail Gasoline Price Table By Region, City |
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History of Cinco de Mayo |
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Anxious Consumers File Taxes Returns Early; One Third Filed By Mid February |
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Consumer Confidence at 15 Year Low |
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Small Business Owners Say Stimulus Package Will Have No Significant Impact |
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Recession Unlikely; Housing Sector Correction Nearly Over |
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Blu-ray Win Doesn't Solve Basic Consumer Issues |
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Older, White Households More Digital-Ready than Younger, Black and Hispanic Households |
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Rate of Business Openings In Rural Versus Urban Areas Nearly Equal |
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The R Word; Consumer Confidence Drops On Recession Fears |
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Consumer Spending Intentions Drop; Nearly half expect to spend less in February |
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Sony Tops U.S. LCD Shipments For First Time |
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Report: Weakness Forecasted For Consumer Spending On Furniture, Appliance, Electronics |
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Poll: Small Business Economic Confidence Falls to 18-Month Low |
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Poll: Print Inserts Pass TV Ads In Influence; Consumer Purchasing intent Lowest Since 9-11 |
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Fortune Poll Shows 48 Percent of Americans Spending Less Than 12 Months Ago |
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Retailers To Bush, Congress - Act Quickly on Economic Stimulus |
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Study Finds Retail Winners Keep Price Central To Overall Strategy |
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Lower Consumer Spending Threatens Retail Margins
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Economic Concerns Cause Pullback In Consumer Spending |
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17,000 To Attend National Retail Federation Convention Next Week |
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Comscore Releases Final Online Holiday Shopping Results; Up 19 Percent Versus Year Ago |
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Balancing
Customers' Privacy With Government Demands For Information |
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Small Business Owners Cautious on Economic Outlook |
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Consumer Confidence Up In December; Experts Remain Wary |
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Nevada Is Fastest Growing State; Louisiana Rebounds |
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S&P;
Retailers With Strong Price-Value Propositions Will Win This Season |
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Websites Draw Bargain Hunters But Brick and Mortar Still Rules |
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Plasma TVs Could Be Cost Competitive With LCD
This Decade |
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LCD Panel Prices Predicted To Drop In 2008; 95% Of LCD Monitors To Be 19-22 inch |
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Full HD To Net 58% Of LCD TV Market In 2008; 40 Inch Plus Prices to Stabilize |
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Prices Stable But Retail Growth In Consumer Electronics Less Than Half Of 2006 |
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Notebook Retail Prices Decline 14% Since September 2006; Accessory Sales Buoy Margins |
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Fuels Costs Continue To Drive Down Low and Middle Income Consumer Spending |
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Save The Planet; When Price and Quality are Equal, 77 Percent Will Choose Brand That Supports a Cause |
Brick & Mortar 2007 Black Friday Report
Brick And Mortar Stores Report Four Percent Drop in Average Black Friday Purchase |
Online 2007 Black Friday Report
Black Friday Surprises; Zune Beats iPod, Furniture Makes Top 10 Product Category |
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Radio Rentals Australia Customer Count Grows 4%; Revenue Per Customer Up 16% |
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Consumer Reports Poll: 17% Of Consumers Plan To Buy Flat panel TVs as Gifts; LCD Leads Plasma 2-1 |
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There's Money In Smartphones; U.S. Smartphone Sales Jump 163% |
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Most Retailers Wireless Networks Unsecured |
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Wal-Mart Adds To LCD Pricing Pressure; Cuts 32" and 42" Models By 30% |
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Fitch: Weaker 2008 for U.S. Retail Will Force Back to Basics Strategy
|
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Thanksgiving Trivia |
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Panasonic Plasma Has Lowest Repair Rate of All
Flat Panels; Rear Projection Repair Rate Six Times Higher Than Flat panel |
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Gas Prices Impacting Consumer Spending; Survey Shows Future Spending Plans Decline |
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Retailers Twitchy As Black Friday Looms and Wal-Mart Hawks 50"
Plasma Under $1,000 |
|
Small Business Owner Confidence Continues
Decline |
|
Wal-Mart Jumps The Black Friday Gun; Will Reduce Pricing Three
Weeks Early |
|
Consumers Will Shop Later, Spend Less This Holiday |
|
Consumer Confidence Declines For Third Consecutive Month |
|
Poll; What is The Most Important Factor In Judging A
Rent to Own Store's Performance? |
|
Small Business Creates 1.9 Million Net New Jobs, Latest Data
Shows |
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Online Holiday Retail Sales to Exceed $39 Billion; Online
Relatively Immune to Effects of Sluggish Economy |
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Retailers
Returning to Urban Areas; Strip Mall Locations Down 4% In 2007 |
|
Countrywide Financial Announces a $16 Billion Bailout For
Sub-Prime Borrowers |
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Mainline Financial Institutions Hungry For Underbanked Consumer;
Federal Reserve Hosts Conference |
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Skyline
Exhibits To Host Vendor Seminar; Maximizing Tradeshow ROI |
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Consumers Want Computers More Than Peace And Happiness; Video
Games, Laptops and Accessories To Lead $48 Billion Fourth
Quarter |
|
Renters Four Times More Likely
to Move
Than Homeowners; 40 Million Americans Moved Between 2005 and
2006 |
|
Variable Rate Mortgage Crunch Could Cut Across All Retail
Sectors |
|
Flat Panel TV Market Saturation by 2009 |
|
Website Review;
Rental Revolution; Radio Rentals Launches New
Website |
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Consumers To Delay Holiday Shopping; Fewer Plan To Purchase
Electronics According To New Survey |
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Excellence of Execution is Top Concern for CEOs; Sustained and
Steady Top-Line Growth Drops to Second |
|
Business Owners Unconcerned About Credit Availability; Economy
To Continue Slow Growth, No Recession |
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HDTV Picture Quality Drives Sales; Consumers Less Enthusiastic
About Programming Options |
|
America's
Business Leaders Are Voracious Consumers Of All Forms Of Both
New And Traditional Forms Of Media |
|
Consumer
Confidence Lowest Level In Two Years; Experts Warn of Fourth
Quarter Effects |
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Dick Armey, FreedomWorks Hammer EU Ruling Against Microsoft |
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Job, Local Economy Fears Drive U.S. Consumer Confidence To
16-Month Low |
|
Over 80% Of
Small Business Decision Makers Research New Products Online;
Online Buys To Exceed $70 Billion by 2012 |
|
LCD
Shipments Continue Growth; Dell Leads Worldwide Shipments |
|
Use of Social Security Numbers
Causing Increased Concern; Eighty Nine Percent
of Americans Want Lawmakers to Restrict Use |
|
Tight
Credit Market Has Small Business Owners Concerned; Optimism
Drops In July |
|
Brand Value
Of Being Green; American Consumers Influenced By Environmental
Initiatives |
|
LCD TV,
Notebook and Monitor Shipments Post Record Highs; 32" Continues
To Dominate; 52" Shows Impressive Growth |
|
Median Income Rises, Poverty Rate Declines For First Time Since
Millenium |
|
Consumers
Cautious Survey Suggests |
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U.S. Home Prices Post Record Decline; No Sign Of Slowing |
|
Only Eleven Percent Of Consumers Say Video Primary Reason To Buy
Portable Media Player; Experts Predict That Will Change By 2009 |
|
Study Shows Sixty Four Percent Of Women Use Internet To Research
Products After Seeing Ad |
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Dorm Furnishings, Electronics Push Back-to-College Sales Past
$47 Billion |
|
Interest
In Plasma Falls As LCD Continues March Toward DTV Dominance |
|
Experts
Predict LCD Panel Shortages In Second Half Of 2007 |
|
Consumers Delay Back-To-School Spending; 46% Plan To Buy
Electronics |
|
Consumers
Remain Wary; Purchasing Intentions Up Slightly From 2006 |
|
Prediction; Consumer Spending Will Not
Collapse in Face of Sub Prime Housing Correction |
|
Warning;
Virus ''Storms'' On The Rise |
|
Next
Generation of Consumers Spending Massive Amount of Time Online |
|
Electronics Growth Slows; PC Market Perks Up |
|
Consumer
Electronics Factory To Dealer Sales To Grow Eight Percent In
2007 |
|
Experts
Predict Wage Increases, Rise in Short-Term Interest Rates |
|
Wal-Mart CEO, "Consumers Continue To Be Challenged Financially" |
|
772
Million People Online Worldwide in May; Google Continues
Domination |
|
Three Quarters Of Small Business Owners Say High Gas Prices
Hurting Business |
|
Game Console Competition Fierce; Penetration To Reach 50% in
2008 |
|
Asset
Limited Income Constrained; Study By Clemson University Attempts
To Better Understand Subprime Consumers And The Industries That
Serve Them |
|
Survey
Finds Women Most Pessimistic About Economy; Data Indicates
Furniture, Appliance Spending Increase By Q4 |
|
Apple iPhone to Grab 10 Percent Smartphone Share By End of 2007
|
|
Large-Size TFT-LCD Shipments Record 33.1 Million in May |
|
Widescreen Notebooks And Bigger Screen TVs Will Dominate Fathers
Day Consumer Electronic Sales |
|
There
Will Be One Billion PCs In Use By End Of 2008; Two Billion PCs
Worldwide By 2015 |
|
TransUnion Begins Offering Rent to Own, Payday Loan Histories;
Traditional Retail Paying Increasing Attention To
Non-Traditional Financial Services Data |
|
New Study
Of Underbanked Consumer Preferences |
|
U.S.
Census Data Available Online For All US Counties |
|
65% of Business Professionals Use Social Networking Sites To
Connect With Peers |
|
Consumers Cautious; Gas Prices Continue Negative Effect On
Economy |
|
70 Percent
of US to Have Broadband By 2012 |
|
Samsung
Leads Q1'07 Units Shipped And Revenue |
|
Census
Reports More Houses Have More Bedrooms |
|
Younger
Consumers Driving Demand for Online Payment Options |
|
Prediction; Fuel To Reach $4 Per Gallon |
|
The Web 2.0
Train is Coming; Get Your Business On Or Get Out Of The Way |
|
Top 10
Consumer Electronics and Computer Gifts for Mother’s Day 2007
|
|
LCD
Continues To Dominate Plasma; Plasma Shipments Fall for the
First Time |
|
Survey;
Nearly 70 Percent of Workers Confident in Future of Current
Employer |
|
Recruiters Get Aggressive As Labor Market Tightens |
|
Teenagers Lead Early Adoption of Consumer Electronics |
|
Flat
Panel TV Prices Predicted To Plunge In December |
|
more... |
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Is starting
the holiday season earlier sound strategy? No it’s not. Clearly
shoppers aren’t planning to start their shopping any
earlier…there’s no change in their timing.
Marshal Cohen, Chief Industry Analyst, The NPD Group
Is earlier really better? If you
are a retailer charged with growing your business year over
year, then the answer is, “yes,” particularly when it comes to
starting the holiday retail season. One consistent strategy to
grow retail business has been to start the holiday shopping
season earlier.
But, is that that a good business strategy with a solid
foundation? Is it the intention of shoppers to begin their
holiday buying earlier? Have the dates for, say, Christmas
changed this year? Or even, do most people have a significantly
bigger list to shop for this year?
|
When will you shop?
|
2006 |
2005 |
| Already
Started |
23% |
24% |
| Before
Thanksgiving |
22% |
21% |
| Thanksgiving
Weekend |
10% |
8% |
| Early
December |
23% |
26% |
| Last Minute |
5% |
5% |
| Done Already |
1% |
2% |
The answer to at least one of those questions can be found in
the most recent survey of Holiday Shopping Intentions conducted
by The NPD Group. Survey respondents were asked “When will you
begin your holiday shopping?” and their answers indicated they
had no plans to change the timing of their shopping this year
vs. last.
“Remember the good old days when the season didn’t start
until after Halloween or Thanksgiving. This year I’ve seen
holiday decorations and merchandise out by mid- September in
some places and that’s fueled by the need to grow the business.”
says Marshal Cohen, chief industry analyst for The NPD Group.
But is starting the holiday season earlier sound strategy? “No
it’s not. Clearly shoppers aren’t planning to start their
shopping any earlier…there’s no change in their timing. By
pushing the shopping season earlier and earlier I think
retailers are missing other opportunities. For instance, in much
of the U.S. September is still grilling season, but try buying a
grill then…they’ve been taken off the selling floors, replaced
by holiday decorations. That’s a missed opportunity for those
grill sales, at a time when very few holiday items are actually
being bought.”
|
Adding Value |
| Overall Value
for Price |
67% |
| Special Sale
Price |
63% |
| Convenient
Location |
57% |
| Quality of
Products |
51% |
| Wide
Selection |
50% |
Store Has Simple/
Hassle-Free Returns |
45% |
| Sales People
Polite/Helpful |
43% |
There is an element of time that’s important to shoppers.
That is how they spend their time. 52% of the NPD survey
respondents say they will spend time comparison shopping. But
they don’t want to spend time navigating complicated return
policies. 45% of respondents say they look for a store that has
a simple hassle-free return policy.
When looking at some of the things that add value to time
spent shopping the NPD survey results indicate that good value,
good sales, good location, good products and good sales people
make the time spent shopping more worthwhile.
|
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