Recession creates holiday shopping trends
Los Angeles A new survey by PriceGrabber.com, a division of Experian, has found that new holiday shopping behaviors will emerge from the downturn.
The survey, Holiday Forecast Consumer Behavior Report, released on Monday found that 70% of consumers are researching and comparison-shopping online. That compares with 38% last year
Consumers are shortening their gift-giving lists, deleting acquaintances (57%) and coworkers (53%).
Other findings include: 53% of consumers plan to spend less this holiday season. Of those who are planning to spend less this year, 48% said that one of the reasons that they are spending less is due to an increase in prices (necessities, gas, etc.); 45% cite lack of confidence in the economy; and 38% indicate making less money as a reason for spending less.
Shopping starts earlier to ease the impact of holiday spending — 22% of those surveyed start their holiday shopping in October; 29% plan to start shopping in November.
When it comes to holiday spending this year, 36% expect to spend $100 to $499; 28% plan to spend $500 to $999; and 30% anticipate a holiday spend of $1,000 or more.
Consumers are using more money-saving techniques — 50% shop at discount or outlet stores, compared to 43% last year. Twenty-nine percent are planning to purchase gifts for fewer people this year, while only 10% did so last year.
Best Buy wants to see your ‘scariest’ technology
MINNEAPOLIS Best Buy has launched a new Web site, inviting customers to submit photos of their “scariest” old technology for the chance to win a number of prizes.
Through Oct. 26, visitors to the Web site www.ScaryTechnology.com are encouraged to enter photos of their “scary” technology, from a VCR thats eat tapes to a screeching dial-up modem, along with a caption to bring the photo to life.
One grand prize winner will receive a home theater makeover from Insignia and Rocketfish, with complete Geek Squad installation (a total value up to $3,500). In addition one first runner up will receive a $1,500 Best Buy gift card, and one second runner up will receive a $1,000 Best Buy gift card.
Destination Maternity re-launches Two Hearts line at Sears, Kmart
PHILADELPHIA Destination Maternity annonced that it is re-launching its Two Hearts Maternity by Destination Maternity collection exclusively at Sears and Kmart stores. The rollout of the Two Hearts collection began in early October and will reach approximately 523 Sears locations and approximately 100 Kmart locations by the end of the month.
The Two Hearts Maternity collection features dresses, swimwear, lingerie and sleepwear. Most items are priced under $25, according to the company.
The Two Hearts Maternity collection was previously offered in Sears stores from April 2004 through June 2008. The re-birth of the line, renamed to include the Destination Maternity byline, represents an opportunity to offer great fashion and value to Sears and Kmart Moms-to-be.