More consumers say that they will be cutting back on their Christmas spending in light of the current economic situation compared to last year, according to the GfK Consumer Products and Retail’s Savvy Shopper study. Over a third of consumers (36 per cent) claim they will be cutting back – ten per cent more compared to last year.
For the full press release on GfK Consumer Products and Retail’s Savvy Shopper study please click here.
Understanding how shoppers behave in-store and why it has never been more important. As categories have grown and evolved, shoppers are exposed to a plethora of in-store stimuli and brand choices. Understanding consumer trends and how shoppers react in this environment is critical.
We’ve been researching shoppers and consumer shopping trends for the past 15 years, digging deep into their behaviours and motivations. Key issues we’ve helped clients with include:
December 2011
Wave 2 - Festive shoppers set to boost food and drink spend by 10%
November 2011
Wave 1 - Consumers cut back on spending amid increased concerns over the economy