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New December Insights in a Snap!

December 13, 2012 Leave a comment

This month’s Consumer Snapshot is ready! The video below is a concise look at a few trending topics for the month of December, designed to give you a BIG picture view of current consumers.

Here’s a brief overview of what we’re seeing from consumers in December 2012:

- Will the fiscal cliff prove to be the Grinch who stole Christmas? Confidence backs down two points from November.
– While the official unemployment rate registered at 7.7% for November,this doesn’t seem to be quite the hiring miracle consumers were hoping to see this season.
– After the buying bonanza that was Black Friday and Cyber Monday, consumers’ penchant for practicality rises in December.
– It appears that along with trimming the tree this month, consumers will also be trimming their budgets.
– Walmart versus Kohl’s is a toss-up this month in Women’s Clothing.
– Amazon.com climbs to record customer share in Electronics.
– It’s a frosty 90 Day Outlook with spending plans looking downward from Nov-12, Dec-11.
– What’s Hot? Holiday shopping…online.

 

Be sure to check out the NEW Consumer Snapshot InsightCenter™. When you register for complimentary access to this InsightCenter™, you’ll have the ability to segment an advance preview of our all-star insights on consumer confidence, employment, shopping strategies, and future purchase plans by several key demographic groups. You can also download this month’s text summary (which includes additional insights) as well as the PowerPoint analysis through this InsightCenter™.

Interested in becoming a BIG VIP? Please click here to sign up for access to a host of complimentary insights, from our briefings and webinars to press releases and more.

Source: BIGinsight.com

© 2012, Prosper®

BIGinsight™ is a trademark of Prosper Business Development Corp.

New November Insights in a Snap!

November 16, 2012 Leave a comment

This month’s Consumer Snapshot is ready! The video below is a concise look at a few trending topics for the month of November, designed to give you a BIG picture view of current consumers.

Here’s a brief overview of what we’re seeing from consumers in November 2012:

- Confidence reaches a five year high
– With the holiday season on the horizon, it appears that consumers are in a gifting mood
– With the majority planning to begin holiday purchasing before December, the tightwad tendencies we’ve seen over the past few months have begun to relax
– Payless advances to the co-leader position in Shoes
– Walmart trumps Whole Foods, Trader Joe’s in Organics
– 90 Day Outlook: Mixed from October, UP from Nov-11, Nov-10
– I hope Santa blings me something sparkly
– What’s Hot…Giving thanks for Black Friday?


Be sure to check out the NEW Consumer Snapshot InsightCenter™. When you register for complimentary access to this InsightCenter™, you’ll have the ability to segment an advance preview of our all-star insights on consumer confidence, employment, shopping strategies, and future purchase plans by several key demographic groups. You can also download this month’s text summary (which includes additional insights) as well as the PowerPoint analysis through this InsightCenter™.

Interested in becoming a BIG VIP? Please click here to sign up for access to a host of complimentary insights, from our briefings and webinars to press releases and more.

Source: BIGinsight.com

© 2012, Prosper®

BIGinsight™ is a trademark of Prosper Business Development Corp.

New October Insights in a Snap!

October 16, 2012 1 comment

This month’s Consumer Snapshot is ready! The video below is a concise look at a few trending topics for the month of October, designed to give you a BIG picture view of current consumers.

Here’s a brief overview of what we’re seeing from consumers in October 2012:

- Beware the fiscal cliff: confidence declines from September
– Employment outlook improves, but still just 1 in 5 expect “fewer” layoffs over the next 6 months
– Practicality when purchasing remains intact
– Increasing savings reaches highest October reading in 6 years
– Walmart wins in Apparel, Shoes
– Toys R Us, Amazon.com see YOY gains in Children’s Toys
– Holiday ’12 is shaping up to be a bit brighter, with the 90 Day Outlook improving for all categories
– DSLR buying trend? Plans to purchase digital cameras highest in 2 years
– Meet Little Miss “Not” Hot for October: Here Comes Honey Boo Boo

 

And NEW this month is the Consumer Snapshot InsightCenter™. When you register for complimentary access to this new InsightCenter™, you’ll have the ability to segment an advance preview of our all-star insights on consumer confidence, employment, shopping strategies, and future purchase plans by several key demographic groups. You can also download this month’s text summary (which includes additional insights) as well as the PowerPoint analysis through this InsightCenter™.

Interested in becoming a BIG VIP? Please click here to sign up for access to a host of complimentary insights, from our briefings and webinars to press releases and more.

Source: BIGinsight.com

© 2012, Prosper®

BIGinsight™ is a trademark of Prosper Business Development Corp.

Fresh Consumer Insights via Video – August 2012

For those of you who may have missed our latest Executive Briefing, we just wanted to let you know that you still have a chance to get up-to-date on the latest consumer trends via our Video Briefing!

That’s right…in just 5 minutes, we’ll educate you on what you need to know about confidence, consumer spending, unemployment, and retail. Simply click play below to view our latest insights from our Monthly Consumer Survey:

Interested in becoming a BIG VIP? Please click here to sign up for access to a host of complimentary insights, from our briefings and webinars to press releases and more.

For more information on this data, please contact BIGinsight™.

Source: BIGinsight™ Monthly Consumer Survey – AUG-12 (N = 9426, 8/1 – 8/7/12)

© 2012, Prosper®

BIGinsight™ is a trademark of Prosper Business Development Corp.

The New Normal, According to Consumers

(This post originally appeared on Forbes.com as a contribution to the Prosper Now blog.)

As Consumer Insights Director, I have been working with the vast amount of insights we gather for an entire decade. And, it’s been interesting to see how consumers have evolved over this time span: from their embrace of online shopping (seen in full effect for Back-to-School this year) to the “spend now, worry later” mantra voiced by many before the burst of the housing bubble burst and subsequent meltdown on Wall Street. Even post-recession, consumers are adapting to the times, couponing at every corner, working within budgets, fattening up their piggy banks, and becoming attached at the hip to their favorite social media sites. And who really thought that – even as little as just a few years ago – that the term “mobile exclusivity” would enter our vocabulary?

Most certainly, a lot has changed in ten years.

While the advent of m-commerce might be a close second, I would argue that the clear turning post for consumer behavior during the last decade came with the “Great Recession.” Shoppers went from “spend now, worry later” to an “abort spending, worry, worry, worry” mindset. Holiday 2008 was an absolute disaster for most retailers, and, to this day, they are still trying to coax shoppers back in their stores. According to some of our latest insights, consumer confidence continues to trend below an ideal range, employment – or rather, unemployment – remains a chief concern, while decreasing overall spending is a financial priority to an increasing number of consumers.

Think about that last statement for a bit. The lagging consumer confidence, weak outlook for employment, and spending cutbacks we’re seeing currently applied to the 2009 consumer…and the 2010 consumer…even those in 2011. This persistent drought of positive economic news over the past several years has changed consumers’ approach to spending. Are frugal consumers the “new normal”?

If the economy continues at this lackluster pace, you betcha.

This month, we asked 8,500 U.S. consumers if they thought the economy would ever rebound to what it was before the economic crisis, and the results were fairly well divided: just over a third were hopeful for a rebound, while nearly as many either aren’t on the rebound bandwagon or are simply unsure.

Why is it important to get shoppers’ perspective on the matter? Doubt in the economy brews uncertainty and hesitation toward consumer spending. With two-thirds of Americans feeling pessimistic or indecisive about an economic rebound, we’re likely to continue to see heavy coupon usage, a strong focus on budgets, further attempts at debt reduction, targeted spending, price comparisons – smart shopping strategies executed by well-informed consumers (who have been made all the more knowledgeable by the recent rise of mobile devices).

Translation: if consumers are going to spend their hard earned money, they are going to make every dollar count.

It’s also important to note that with the economy flatlining over the past four years, optimism for a rebound has been waning among consumers. Back in July 2009, more than two in five were confident that the economy would bounce back to its pre-recession glory; the current figure represents a 20%+ drop from this point in time. On the upside, though, with the debt ceiling crisis looming back in July 2011, consumers harbored their worst feelings toward a rebound, so at least we’ve made some improvement versus a year ago:

So what’s a retailer to do? It’s all about the CONSUMER. Knowing who your shoppers are, what they are planning or willing to buy, and adjusting your merchandising mix, marketing strategy, and inventory levels accordingly will likely help you weather this economic maelstrom. And you might find that you have to chart a new course to ensure your long-term sustainability.

For more information on this data, please contact BIGinsight™.

Fresh Consumer Insights via Video

For those of you who may have missed our latest Executive Briefing or our monthly BIG Call, we just wanted to let you know that you still have a chance to get up-to-date on the latest consumer trends via our Video Briefing!

That’s right…in just 5 minutes, we’ll educate you on what you need to know about confidence, consumer spending, unemployment, and retail. Simply click the play button below to view our latest insights from our Monthly Consumer Survey:


Interested in becoming a BIG VIP? Click here to sign up for access to a host of complimentary insights, from our briefings and webinars to press releases and more!

For more information on this data, please contact BIGinsight™.

Source: BIGinsight™ Monthly Consumer Survey – JUN-12 (N = 8760, 6/5 – 6/12/12)

© 2012, Prosper®

BIGinsight™ is a trademark of Prosper Business Development Corp.

Confidence Cools Off As Summer Heats Up + How Does the Stockholm Syndrome Relate to Savings?

June 27, 2012 1 comment

This month, my co-host for the BIG Call was John Mariotti, President/CEO & Founder of the Enterprise Group. John also currently serves as a Director on several corporate boards and is an award winning author.

For this month’s BIG Call, John supplemented our favorite data on confidence, employment, personal finances, and spending plans with his unique analysis and understanding of these topics.

Here’s what we talked about:
– Confidence in the economy cools off as summer heats up, marking the second consecutive month of decline
– Just 16% of consumers are calling for “fewer” layoffs – a figure that has decreased [i.e. grown more pessimistic] over the past two years
– Last month’s “dip” in practicality appears to have been a “blip” on consumers’ spending radar
– Why are consumers seemingly holding back when it comes to paying down debt or increasing their savings?
– Scary fact: One out of three consumers isn’t saving any income
– Improvements in 90 Day Outlook may not be as positive as they appear
How is JC Penney’s “Fair & Square” faring?

To listen to the recorded webinar, click here.

For the full, complimentary June 2012 BIG Call slide deck, please click here.

For more information on this data, please contact BIGinsight™.

Source: BIGinsight™ Monthly Consumer Survey – JUN-12 (N = 8760, 6/5 – 6/12/12)

© 2012, Prosper®

BIGinsight™ is a trademark of Prosper Business Development Corp.

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