Americans plan to travel more frequently this summer, according to the results of a consumer survey released by the National Association of Convenience Stores (NACS). Consumers in the Midwest are most likely to spend more money this summer due to the harsh winter weather. And as more than 8 in 10 consumers (84%) say that they will drive for a summer vacation, convenience stores expect to see plenty of traffic at the gas pumps this summer.
Tag: Consumer Spending
Retailers who are wanting to lure luxury shoppers should arm their sales associates with mobile devices, according to new research. High-end shoppers are savvy, particular and use mobile devices to do their homework before making a purchase. The majority of luxury customers are more willing to interact with a sales associate equipped with a mobile device, as there is a lack of trust between luxury customers and sales associates over product knowledge.
Total men’s apparel U.S. retail sales reached $60.8 billion in 2013, a 5% increase over the $57.8 billion generated in 2012, thanks in large part to double-digit gains in sales of men’s outerwear, pants, and socks, according to The NPD Group. Website purchases, which represented 14% of men’s apparel sales, saw some of the highest growth for the year, increasing 19% over 2012.
Consumers' renewed interest in bicycles for transportation and fitness needs, as well as the introduction of new hybrids and models, bodes well for independent bike retailers as we enter the prime bicycling season. Independent Bicycle Dealer retail bicycle sales, which declined 2% in 2013, experienced a turnaround in the first quarter of 2014, increasing 6% to $270.2 million. Categories that saw sales rebound include Mountain bicycles, commuters and hybrids.
Hard copy books haven't become a dinosaur just yet — consumers are still reading print versions. In fact, according to a March 2014 study by Harris Interactive, U.S. internet users were far more likely to only read printed books than ebooks or a mix of the two. Research shows that those who use ebooks are using the devices to supplement, not replace, printed books.
Nationally, 13% of surveyed consumers are ready to buy a luxury home and another 26% are considering a high-end home purchase, according to a new survey from Realtor.com. Sellers, builders, and realtors should pay particular attention to desired luxury amenities such as chef-quality kitchens, as 54% of luxury buyers indicated a chef's kitchen as an important feature.
Teen spending is beginning to improve following a period of decline. According to new research from Piper Jaffray, teen spending contracted just 1% from the Fall of 2013, compared to more substantial declines previously. Across both the upper and average income groups, teen male spending is up 4% from Fall 2013. This compares to continued
America’s seniors have historically been late adopters to the world of technology, but their movement into digital life continues to deepen. Two different groups of older Americans emerging, according to new research. These divisions are noteworthy—particularly for the many organizations and individual caregivers who serve the older adult population.
Nearly three-quarters (72%) of consumers consistently recycle in the home, but despite a genuine concern for the environment, only about half do so in rooms beyond the kitchen. Barriers to expanding recycling in the home include the lack of room-specific recycling bins and clear product labeling. Children and Hispanic consumers are more steadfast than the general public in their commitment to recycling.
The musical instruments market is expected to continue growing steadily, due in part to the increasing disposable income of consumers. Another key factor in market growth is the rise in online retailing, which increases consumers' accessibility to a variety of instruments. Analysts forecast the Global Musical Instruments market to grow at a CAGR of 2.64% through 2016.
Many homeowners will be looking to create dream spaces with paint this spring. According to a new National Home Design and Color Survey from Sherwin-Williams, seven-in-10 homeowners plan to undertake a house-related project in the next six months. Of those homeowners planning house projects, painting tops the list with 42% wanting to liven up their space with color, followed by landscaping (39%) and redecorating (30%).
Restaurants are shifting their business practices to introduce a greater number and wider variety of claims that reflect trending food concerns. According to Mintel Menu Insights, while the use of the term “organic” has declined, claims like “gluten free” are appearing more frequently on restaurant menus, posting a 200% increase between Q4 2010–13. And as operators try to signal that their offerings are unique, “signature” as an ingredient marketing claim grew 34%.