The holidays, paraphrasing Shakespeare, can be both the best of times and the worst of times. There’s time spending with friends and family and there’s the hustle & bustle of fitting family time in with decorating & shopping. New information is out on the attitudes of consumers and how it affects their holiday shopping plans.
• More than one in four don’t feel their dollar will stretch as far this holiday season
• 23% love the holiday shopping experience
• Over one in five like to treat themselves to gifts during the holidays and 22% say that paying for the holiday season makes them very stressed out
• 19% say they save throughout the year to pay for the holidays
What Does This Mean To You?
Holiday shopping is all about the experience – either good or bad. Many people avoid malls and shopping at any cost, others look forward to Christmas carols and colorful holiday displays.
Think about some of the things your business can do to make holiday shopping a good experience.
A great offer can help your customers be less stressful about spending money this time of year. Gift with purchase shows how much you value your shoppers. Stressing the value you offer can help you keep shoppers coming back after the holidays. There are several things you can do to create value. One way is to address the reasons why consumers are not planning to spend much this year.
The top three factors that negatively affect holiday shopping are:
• Gas prices
• Rising food bills
• Home energy bills
Have you thought about giving away $5 gas cards for consumers who spend over a predetermined amount?
You can partner with a local restaurant in your area and create reciprocal coupon offer. Their customers get a discount off merchandise at your store and your shoppers can get free appetizer or other complimentary offer at their establishment.
Things like this will set your business apart, but it all starts with awareness. If you do not promote your offers and why shoppers should spend money with your store, it’s a moot point. For the more information on creating the most effective efficient campaign to keep you top of mind this holiday season, please contact your Sun Sentinel representative or:
Advertising Marketing Manager
Source: Mobile Commerce Daily; Accenture