RetailMeNot survey: Most shoppers plan to spend same or more on Black Friday
Austin, Texas — Online coupon site RetailMeNot.com on Friday released its second annual Black Friday edition of the Shoppers Trend Report, which showed that 71% of holiday shoppers plan to spend “about the same” or “more” than they spent last year versus 63% who said "about the same" or "more" in 2011.
The report, conducted by The Omnibus Co., also showed that, in 2012, 29% of shoppers plan to spend "less" than they spent last year versus 37% who said "less" in 2011. This year, 26% plan to spend "more" than they spent last year versus 11% who said "more" in 2011. This year 45% say they intend to spend "about the same" as they spent last year versus 52% who said "about the same" in 2011.
This holiday shopping season, consumers expect to spend an average of $172 per person on gifts.
Men plan to spend an average of $215 per person on gifts, while women plan to spend an average of $131 per person.
Holiday shoppers ages 30 to 39 plan to spend the most this holiday season on gifts, reporting an average of $245 per person.
The STR also revealed other consumer shopping insights leading into the holiday shopping season. When asked which type of promotional offer would be most likely to result in a purchase, consumers who would be interested in such an offer at all express interest in a buy one, get one free deal (45%), followed by a specific dollar amount off (17%) or a specific percentage off (17%), then free shipping (16%).
In 2011, free shipping ranked first in popularity with 26%, followed closely by a certain percentage off (23%), buy one, get one free offers (20%) and a certain dollar amount off (18%).
Similar to 2011, very few consumers this year are most inclined to purchase an item if the promotional offer is a loyalty program points benefit (3%), while 3% would never purchase an item using a promotional offer, down from 11% last year.
According to the survey, clothing and accessories is the most popular gift category again this year, with 28% of consumers stating most of their purchases will fall within that category. In 2011, a majority (54%) of consumers said clothing and accessories were most likely to be on their gift lists.
Other popular items topping the list for shoppers this year include consumer electronics, such as TVs, video games, tablets, e-readers and mobile phones (22%); toys (18%); and books, movies & music (12%).
This year, very few report that most of their gift purchases will be in home goods (6%), bath & beauty (4%), travel (2%) or luxury (1%) gifts.
In 2011, popular items included books, movies and music (44%); consumer electronics. such as TVs, e-readers and video games (37%); toys (34%); bath and beauty products/treatments (26%); and furniture or appliances (18%).
This year, men will be more likely than women to make most of their gift purchases in the consumer electronics category (30% versus 14%).
Sixty-nine percent of shoppers plan to do more or the same amount of online shopping for gifts this holiday season.
Shopping online for holiday gifts more this year than last year is more common among:
- Consumers age 18–39 (40%) versus those over 40 years of age (20%).
- Those who will spend more than $75 per person on gifts (38%) versus consumers who will spend less money (22%).
- Consumers who use a mobile device (38%) versus those who don’t (17%).
- Consumers who plan to purchase tech gifts this year (38%) versus those who don’t (16%).
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Casual Male Retail Group repeats loss in Q3; speeds up opening of DXL stores
Canton, Mass. — Casual Male Retail Group reported Friday a loss of $1.6 million in the third quarter, flat with the prior year’s third quarter.
Sales dipped slightly to $88.7 million from $89 million, and same-store sales inched up 1.5%. However, same-store sales for Destination XL rose 13.8% in the quarter.
"The early success of Destination XL gives us confidence in our plan to accelerate the opening of 225 to 250 DXL stores in major metropolitan areas and to close all of our traditional Casual Male XL locations across the country by the end of 2015," said president and CEO David Levin.
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Sears Canada names COO
Toronto — Sears Canada Inc. announced Friday that Douglas C. Campbell has been promoted to executive VP and COO, effective immediately.
Campbell will oversee retail operations, logistics, replenishment, information technology and international sourcing, and lead the company’s undertaking to improve efficiency across the enterprise.
Campbell was most recently executive VP, home and hardlines, for the chain.
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