Divergent Consumer Groups Influence Holiday Spending

56% of cost-concerned consumers started shopping earlier in the holiday season this year and 50% are aiming to spend less by cutting food and drink spending.

Holiday Outlook 2024 - PwC

Despite 59% of consumers saying that inflation will probably influence their holiday spending this year, overall spending is projected to increase by 7% to ...

'Contradictions and mixed signals' in the economy won't affect ...

These tariffs, based on NRF analysis, are poised to have a negative effect on consumer spending, especially on toys, apparel, furniture, ...

Holiday Shopping Reveals Divergent Consumer Responses - WWD

The report, which surveyed more than 5,000 people, found that while most customers are attempting to trade down this holiday season, with a ...

Deck the Halls for 2024 Holiday Retail Success | BCG

As a result, consumers' attention will indeed be fragmented, with many less likely to think about their holiday shopping lists until their votes ...

Two Consumer Trends Shaping The First Post-Pandemic Holiday ...

Furthermore, the two groups hold divergent views of their finances. ... Either way, BofA concludes that, “there are enough upside influences on ...

70% of Americans Still Feeling Inflation's Impact on Holiday ...

Rising Popularity of Gift Cards: · Holiday Spending Plans: · Inflation's Influence on Shopping: · Early Shoppers on the Rise: · Cautious Dining ...

Consumers plan to spend big this holiday season - JLL

JLL's 2024 Holiday Shopping Survey reveals consumer spending habits will shift this holiday season compared to 2023 due to cooling inflation ...

Here's how consumers will reduce their holiday spending

Almost all (97%) respondents said the cost of living influences their holiday shopping plans in some form while two-in-three (65%) said it " ...

The state of US consumer spending in 2024 | McKinsey

We also observe some growing gaps among demographic groups: for example, younger consumers report significantly higher optimism than older ...

Holiday Shopping 2024 - Accenture

Consumers are reaching a little deeper into their pockets this season, their average holiday budget rising 4% y-o-y to $613, according to ...

Consumer Spending Outlook this Holiday Season - Retail - Mintel

Consumer Spending Outlook this Holiday Season · Some may opt to trade down from branded to private label products or other cheaper alternatives.

Check Out Our 2024 Holiday Shopping Predictions | Salesforce

We took a look at current shopping data to see how holiday shopping could shape up this year as consumers are spending more, buying less, and seeking value.

Deals, promotions drive increased holiday spending: report

The survey found that 89% of respondents said inflation would affect their holiday spending. Under half (42%) of respondents planned to buy ...

Holiday Retail Forecast: A Soft Landing and Early Spending

Younger Consumers Drive Holiday Growth: Gen Z and Millennials have seen disproportionately higher wage gains, and are expected to be the driving ...

Tuning in to Customers' Holiday Shopping Emotions - CMSWire.com

Stress consideration. While joyful, holidays can also be stressful; empathetic marketing can address diverse consumer experiences. When it comes ...

Influencers, Inspiration, and Inflation: Key topics driving holiday ...

An overwhelming 92% of respondents expressed that inflation and related economic factors were likely to impact their holiday shopping budgets.

Reframing the Holidays for Retail Success - Circana

Retailers and manufacturers should prepare for an elongated holiday season with consumers shopping prudently to account for higher retail prices.

2024 Holiday Spending Could Approach $1 Trillion, Retail Group Says

Consumers said they plan to spend an average of $1,778 this holiday season, up 8% over 2023, with spending on experiences, and non-gift items ...

Nearly half of winter holiday shoppers* (44%) say they plan to shop ...

Three in five (59%) consumers who plan to do winter holiday shopping in 2023 say they want to spend the least amount of money possible. However, consumers will ...