Fresh survey data on the home furnishings market from BigCommerce revealed consumer preferences for more sustainable products, a willingness to use new technologies and a demand for buy online, pick up in-store. The data also showed a strong preference for online shopping — especially for garnering ideas. “Despite the majority favoring in-store purchases, more respondents … Read more
If retailers are out of stock, they may be out of luck. New research from AlixPartners showed that two-thirds of consumers polled said they would leave an e-commerce site or store and shop from another retailer “when an item they are looking to purchase is out of stock, signaling that retailers need to optimize inventory … Read more
Accenture’s latest read on consumer sentiment revealed some key trends as the holiday shopping season heats up. The firm said in its 18th annual Holiday Shopping Survey that consumers are cautiously optimistic as they plan to spend more than last year while seeking deals. Their focus is on price, value and bargains. The survey, which … Read more
Experian’s annual holiday trends report showed some deviation from 2023 and 2022 while buttressing the findings of other consumer surveys. Researchers at the credit ratings firm found that “online spending continues to remain around a third of all holiday shopping spending” and noted that it is “starting to see online shopping slow a little bit … Read more
In Spotify’s latest report titled “Culture Next,” the music streaming giant looks at Gen Z through the context of “music, podcasts, playlists and fandoms that form the soundtrack of their lives,” and found the latest consumer behavior trends from Generation Z. The survey surveyed 7,700 participants in the Gen Z segment (aged 15 to 24) … Read more
PwC’s annual Holiday Outlook report, now in its 10th iteration, shows an expected 7 percent increase in sales over last year — and a 15 percent increase from 2022. But there’s more to the numbers that meet the eye. “While this average suggests higher overall spending, individual behavior across income levels reveals a more nuanced … Read more
Sago’s latest read on consumers, detailed in its 2024 Shopping Habits and Inflation report, shows how households respond to higher prices. The research revealed that 75 percent of households “are significantly impacted by inflation, leading to major shifts in shopping habits,” a Sago spokeswoman told WWD, adding that the company’s findings also revealed that 79 … Read more
According to a new report from First Insight, more retailers and brands need to get cracking on a back-up plan if TikTok gets banned. The report, titled “TikTok’s Uncertain Future,” showed that just 28 percent of polled retailers have a contingency plan. And 68 percent of retailers surveyed acknowledge that a TikTok ban could impact … Read more
When it comes to consumer demographics, retailers are constantly looking for ways to segment their shoppers and expand into other target cohorts. A new study by Coresight Research gives insight into who are the 2024 shoppers in the apparel and accessories, , and beauty sector — which is characterized by age and household income. … Read more
In the latest Pymnts Intelligence report, researchers found that most consumers say their income has not caught up with inflation. The report also revealed that the share of U.S. households living paycheck to paycheck was 63 percent in July compared to 62 percent in the same month last year. And while the inflation rate dropped … Read more
