Consumer Shopping Trends Are Changing
January 8th, 2009 by Shuai | 1 Comment | Filed in market intelligenceAs an active online shopper, I found it interesting to see the overall consumer shopping trends:
- Overall, only 51% of consumers visited a department store this holiday season, compared with 73% who visited Wal-Mart
- nearly 25% of consumers reported that they visited Macy’s less in 2008 than 2007, while only 7% visited Macy’s more
- Nearly 20% of consumers spent more than a year ago, while 54% reported spending less
- For the first time in the nine-year history of the study, the primary driver was price over selection as the reason for why customers changed the store where they purchased
- For the first time in many years, Wal-Mart was more effective in attracting new customers than Target
More data points are from MarketingChart.com