In this episode of Retaili$tic, Deborah Weinswig discusses the upcoming holiday season, highlighting key trends such as early shopping, increased online sales, and the impact of consumer behavior on retail strategies. She emphasizes the importance of value-oriented shopping and the role of credit in holiday spending. Additionally, John Mercer shares insights on research initiatives aimed at tracking consumer shopping activity and preferences during the holiday season.
Takeaways
The holiday season is expected to differ significantly from previous years.
Online retail sales are projected to increase in the high single digits.
More than 50% of consumers plan to start shopping before November.
Consumers are increasingly value-oriented in their shopping habits.
Two-thirds of sales are expected to occur in physical stores.
Consumers anticipate spending more this holiday season compared to last year.
There is a notable increase in consumers knowing what they want to buy this year.
Deals and promotions are critical for attracting holiday shoppers.
A significant portion of consumers plan to use credit for holiday spending.
The holiday season is expected to be very positive for retailers.
Chapters
00:00 Holiday Season Insights
10:10 Research and Trends for the Holidays