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Retailers of
appliances, electronics and computers increased average sales
from $38.25 in 2006 to more than $60 this year. Singing the
blues this Labor Day included home furnishings and accessory
retailers.
The latest Consumer Mind Reader
survey for August 2007 conducted by America's
Research Group (ARG) showed that discount and major
department stores saw increases in both the number of shoppers
frequenting their stores and in average purchases. Retailers of
computers and electronics, apparel and books enjoyed similar
success. Membership warehouse clubs and online shopping also
cashed in on the back-to-school sales bonanza.
For the survey ARG interviewed 1,000 consumers across the
country about their buying habits for the past month. The survey
was conducted by telephone from September 6 to September 9,
2007.
Some of the more dramatic findings in the survey:
More than nine in 10 major shopping decision makers made at
least one trip to a discount store last month, up a full 11
points from the same period last year. Meanwhile their average
shopping levels jumped by more than $30 per visit.
Retailers of appliances, electronics and computers increased
average sales from $38.25 in 2006 to more than $60 this year.
This back-to-school season was a huge success for retailers with
a presence on the Internet. The number of online shoppers jumped
by more than six points over 2006 figures while their average
purchases soared from $37.77 in 2006 to $58.36 last month.
It appears that the good fortune of online retailers may have
come at the expense of mail order catalogs, which have been on
the decline for some time. Only 6.5 percent of shoppers made
purchases through catalogs, down more than two points since last
year. Expenditures also dwindled, from $11.92 in September of
2006 to $8.03 this year. Catalogs have not enjoyed double digit
average purchases since last Christmas.
Also singing the blues this Labor Day were retailers of bed and
bath products, garage sales and flea markets and toy stores.
Home furnishings and accessory retailers were especially hard
hit, seeing significant declines in both store traffic and
shopping levels. Factory outlet stores and those in outlet malls
suffered similar misfortune.
The back-to-school shopping season is not only one of the
busiest selling periods of the year but also the gateway to the
all-important fourth quarter, the make or break time for many
retailers in America. Clearly some got a huge boost from the end
of summer sales volume, while others have substantial ground to
make up between now and the Christmas season. They will have to
look to offering deep discounts on popular products to lure
shoppers back to their stores.
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