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ThinkNow Retail™ Report 2018

ThinkNow
14 de Mar de 2019
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ThinkNow Retail™ Report 2018

  1. ThinkNow Retail™ 2018 Report
  2. 2 ThinkNow Retail™ Survey Method Field Timing 303 Hispanics 515 Hispanics 1,289 Total Base Sizes › Online via ThinkNow Research’s Omnibus Study Regional Coverage › National Screening Criteria 258 African- Americans 257 Asian- Americans 259 Non-Hispanic Whites › 18-64 years of age› August, 2018 MethodologyWhat is it? ThinkNow Retail ™ is a nationwide survey that examines the holiday shopping behavior of Americans. The study looks at the market as a whole and by key subgroups such as race/ethnicity, gender and age.
  3. 3 Who We Are An authority on creating and managing research products that help clients gather insights about rapidly changing consumer segments. Conduct online, in-person and telephone research. Research experience specifically in the Hispanic, African American, Asian and Total markets. Experience in hard-to reach demographic sub-groups. Only full-service market research company that owns & operates an in- house Hispanic panel. Servicing Fortune 500 clients, ad agencies, non- profits and other market research companies.
  4. 4 Our Services QUANTITATIVE QUALITATIVE MIXED MODE ONLINE MARKET RESEARCH COMMUNITIES CONCEPT AND COPY TESTING ADVERTISING EFFECTIVENESS ONLINE PANEL BUILDING WEBSITE USABILITY STUDIES OMNIBUS SURVEYS ATTITUDES & USAGE BRAND TRACKING PRODUCT TESTING ONLINE & OFFLINE QUALITATIVE ONLINE PANEL INTERCEPTS PHONE info@thinknowresearch.com 818-843-0220 www.thinknowresearch.com
  5. 5 Key Findings • Close to one-fourth of holiday shoppers will begin their holiday shopping before October. The most popular month to begin is November – this is especially true of Millennials. • On average, consumers will spend $506 on gifts this holiday season. This is $70 less than last year’s average. • Shoppers are more likely to browse for gift ideas online than in-person. • Gift cards will be the single most popular item this holiday season, followed by clothing items and toys. • Amazon and Walmart are the top two retail destinations for holiday shoppers this season. • Shoppers are as likely to buy their gifts online or via mobile app as they are to buy in-person. Most online shoppers make purchases though their smartphone. • 4-in-10 Hispanic shoppers will also celebrate Three King’s Day.
  6. Research Findings
  7. 7 Nearly one-fourth of consumers will begin their holiday shopping before October. Launch of Holiday Shopping: Total Market & Race/Ethnicity D D When do you think you will start shopping for holiday presents? Base: Holiday Shoppers - Total Market (1152), Hispanics (480), African-Americans (221) , Asians (213), Whites (229) • The peak start periods are in November -- before Thanksgiving and Black Friday. • Hispanic and Asian shoppers get a later start than White and African-Americans. 0% 5% 10% 15% 20% 25% 30% August or sooner September October November, before Thanksgiving Thanksgiving Day Black Friday (the day after Thanksgiving) End of November First two weeks of December The week before Christmas After Christmas Total Market Hispanics African-Americans Asians Whites 92% of adults 18-64 say they will be shopping for holiday gifts this year
  8. 8 Millennials begin their holiday shopping later than their older cohorts. Launch of Holiday Shopping: Gender & Age D D 0% 5% 10% 15% 20% 25% 30% August or sooner September October November, before Thanksgiving Thanksgiving Day Black Friday (the day after Thanksgiving) End of November First two weeks of December The week before Christmas After Christmas Males Females 18-34 35-54 55-64 When do you think you will start shopping for holiday presents? Base: Holiday Shoppers - Males (560), Females (592), 18-34, (572), 35-54 (365), 55-64 (215) • They are most likely to start their shopping in November.
  9. 9Approximately how much money are you planning to spend for this holiday season? Base: Holiday Shoppers Approximate Amount Planning to Spend on Holiday Gifts AVERAGE • This is about $70 less than last year’s average. • Non-Hispanic Whites and males in general plan to spend the most. Base size → Overall, consumers plan to spend an average of $506 on gifts this holiday season. Total Market Hispanics A-A Asians Whites Males Females 18-34 35-54 55-64 (A) (B) (C) (D) (E) (F) (G) (H) (J) (1,152) (480) (221) (213) (238) (560) (592) (572) (365) (215) $506 $449 $451 $452 $544 $566 $447 $416 $568 $545 ABC F G G Letters indicate significantly greater than at 95% confidence level. $576 in 2017
  10. 10 Consumers are more likely to browse for gift ideas online than in-person. Holiday Gift Ideas – Browsing Online vs. In-Person: Total Market 31% 17% I search online for gift ideas I browse for gift ideas at stores D Where do you get most of the ideas for the gifts that you are planning to buy? Base: Holiday Shoppers (n=1152) • The same trend is seen across age, gender and race/ethnicity. • Consumers prefer browsing online because they feel it’s faster, prices are better and they avoid the holiday crowds/lines. TOP REASONS FOR BROWSING ONLINE Easier/faster 55% Better prices 53% No crowds or lines 50% Can take my time 44% More availability of products 42% TOP REASONS FOR BROWSING IN-PERSON Can see/touch the items 57% Don’t have to wait for delivery 50% Enjoy shopping in-person 41% Access to in-store-only discounts 30% 27% in 2017 16% in 2017
  11. 11 Gift cards will be the single most popular item this holiday season. D Which of the following categories of items are you likely to give as gifts this holiday season? Base: Holiday Shoppers (1,187) Total Market Gift Cards 47% Clothing 42% Toys 37% Money 29% Jewelry/Watch 28% Electronics 26% Sweet food items (chocolates, candy, etc.) 25% Books 25% Video Games 24% Home accessories (blankets, towels, pillows, etc.) 23% Cologne/Perfume 21% Shoes 20% Voice-controlled products (Alexa, etc.) 19% Alcoholic beverages (wine, beer, hard liquor, etc.) 19% Baby items (clothing, baby toys, etc.) 18% Cosmetics 16% Purse/Wallet 15% Music 15% Gifts I make myself 14% Food baskets 14% Small household appliances (juicer/blender, microwave, etc.) 12% • Clothing items are second, followed by toys. • 2-in-10 consumers are planning to buy voice-controlled products. Most Popular Holiday Gifts for 2018: Total Market
  12. 12 Walmart Amazon Target Best Buy Kohl’s Macy's JC Penney Bed, Bath & Beyond Victoria’s Secret Kmart Walgreen’s Home Depot Costco Sephora Costco CVS Sears Lowe’s Nordstrom 10% 8% 10% 8% 12% 0 12% 13% 11% 9% 20% 19% 21% 24% 24% 29% 41% 66% 55% 6% 9% 10% 10% 11% 11% 11% 13% 13% 14% 16% 19% 20% 21% 23% 24% 39% 62% 64% Amazon and Walmart are the top retail destinations for holiday shoppers this season. D Retailers Will Shop for Holidays – 2018 vs. 2017: Total Market HS14. At which of these retailers are you planning to shop at for the holiday season (to buy presents, holiday decorations, cards, etc.)? Base: Holiday Shoppers (1,187) 2018 2017 • More consumers said they will shop at Walmart and Kmart this holiday season compared to one year go, • The close of Toys“R”Us may be one reason for the expected increase for these two retailers. • A few retailers were mentioned less often this year, including Amazon and Best Buy.      Not included in retailer list for 2017 Up/Down arrows indicate significant difference from 2017 at 95% confidence level.
  13. 13 44% 39% 7% 8%In-person / In-store Online Mobile App Phone/Mail/Other On average, consumers are as likely to buy their gifts online or via mobile app as they are to buy in-person. Thinking about all the holiday gifts that you will buy this year. Please write in the percentage of gifts you plan on making by each of the following methods. Base: Holiday Shoppers - 2018 (1152), 2017 (1187) Proportion of Gifts Will Buy Per Method: 2018 vs. 2017: Total Market • This was a similar trend in 2017. 42% 39% 8% 11% 2018 2017 46% 47%
  14. 14 8% 12% 9% 11% 8% 9% 8% 9% 35% 40% 41% 39% 49% 39% 42% 41% Hispanics (A) African-Americans (B) Asians (C) Whites (D) In-person / In-store Online Mobile App Phone/Mail/Other Hispanic shoppers are the mostly likely to buy gifts in-person. Thinking about all the holiday gifts that you will buy this year. Please write in the percentage of gifts you plan on making by each of the following methods. Base: Holiday Shoppers • African-Americans, Asians and Whites are more likely to shop online/via their mobile. (480) (221) (213) (238) Proportion of Gifts Will Buy Per Method: Race/Ethnicity BCD A A Letters indicate significantly greater than at 95% confidence level. Base size →
  15. 15 Men are less likely than women to buy gifts in-person. 12% 10% 13% 10% 9% 8% 8% 10% 9% 4% 41% 37% 39% 39% 37% 39% 45% 38% 42% 50% Males (E) Females (F) 18-34 (G) 35-54 (H) 55-64 (J) In-person / In-store Online Mobile App Phone/Mail/Other • Millennials over-index on holiday purchases made via mobile apps. E J GH J (560) (592) (572) (365) (215) Proportion of Gifts Will Buy Per Method: Gender & Age Thinking about all the holiday gifts that you will buy this year. Please write in the percentage of gifts you plan on making by each of the following methods. Base: Holiday Shoppers Letters indicate significantly greater than at 95% confidence level. Base size →
  16. 16 55% 66% 68% 58% 48%48% 52% 58% 53% 44%43% 33% 30% 34% 51% 28% 32% 29% 19% 27% Total Market Hispanics (A) African-Americans (B) Asians (C) Whites (D) Smartphone Laptop/Notebook Desktop Computer Tablet The majority of online holiday shoppers use their smartphone to make purchases. For holiday purchases you make online, which of these devices do you use? Base: Buy Gifts Online Device(s) Used for Online Holiday Shopping: Total Sample & Race/Ethnicity (932) (383) (173) (179) (197) • Smartphone usage is especially high for Hispanics and African-Americans. Letters indicate significantly greater than at 95% confidence level. Base size → ABC C DD D
  17. 17 The likelihood to use a smartphone for holiday purchases declines with age. For holiday purchases you make online, which of these devices do you use? Base: Buy Gifts Online 53% 56% 66% 54% 31% 50% 45% 52% 47% 40% 49% 37% 43% 41% 51% 29% 26% 28% 26% 29% Males (E) Females (F) 18-34 (G) 35-54 (H) 55-64 (J) Smartphone Laptop/Notebook Desktop Computer Tablet Device(s) Used for Online Holiday Shopping: By Gender & Age • Tablet usage for gift purchases is similar across gender and age. (459) (473) (487) (290) (155)Letters indicate significantly greater than at 95% confidence level. Base size → F HJ J
  18. 18 Credit cards and debit cards are the most used forms of payment for holiday gifts. How do you plan to pay for MOST of your holiday purchases? Base: Holiday Shoppers 23% 28% 30% 14% 19% 30% 25% 16% 52% 32% 32% 36% 34% 26% 32% 9% 6% 11% 2% 10% 5% 4% 8% 5% 5% Total Market Hispanics (A) African-Americans (B) Asians (C) Whites (D) Other Gift Cards PayPal Debit Card Credit Card Cash B AC AC B Payment Method for Holiday Purchases Total Market & Race/Ethnicity • Hispanics and African-Americans are more likely to use cash than Asians and Whites. • Asians over-index on credit card usage. (1,152) (480) (221) (213) (238)Base size → CD CD ABD C C Letters indicate significantly greater than at 95% confidence level.
  19. 19 More woman will pay with cash than men. Do you plan on spending the same, more or less this year for Christmas shopping compared to last year? Base: Holiday Shoppers Payment Method for Holiday Purchases: Gender & Age • Men are more likely to use Paypal and other less traditional forms of payment. F E J J (560) (592) (572) (365) (215) 18% 27% 19% 25% 23% 31% 28% 25% 33% 30% 31% 33% 37% 26% 37% 11% 6% 10% 9% 5%7% 4% 6% 6% 4% Males (E) Females (F) 18-34 (G) 35-54 (H) 55-64 (J) Other Gift Cards PayPal Debit Card Credit Card Cash Base size → Letters indicate significantly greater than at 95% confidence level. F E J H
  20. 20 43% 61% 49% 15% Total Hispanics Spanish-Dominant (A) Bilingual (B) English-Dominant (C) 4-out-of-10 Hispanic shoppers will also be celebrating Three King’s Day. Will you be celebrating Three King’s Day? Base: Hispanic Holiday Shoppers • This share is even higher among Spanish-Dominant and Bilingual Hispanics. Will Celebrate 3 Kings Day Hispanic Holiday Shoppers C C Letters indicate significantly greater than at 95% confidence level. Base size Top 2 Box: Definitely/Probably (480) (156) (170) (154)
  21. Demographics
  22. Sample Profile Total Market (18-64) Hispanics (A) African American (B) Asians (C) N.H. Whites (D) Base size 1289 515 258 257 259 Race/Ethnicity Identify With Most: Hispanics 18% 100% - - - African-American 14% - 100% - - Asians 6% - - 100% - N.H. Whites 62% - - - 100% Gender: Male 50% 51% 48% 47% 50% Female 50% 49% 52% 53% 50% Age: Millennials (18-34) 38% 45% 41% 39% 34% Gen X (35-54) 42% 43% 41% 44% 42% Boomers (55-64) 20% 12% 18% 16% 24%A Marital Status: Single (NET) 34% 39%D 51%ACD 32% 28% Married or living with partner (NET) 50% 48%B 35% 58%AB 54%B Separated/divorced/widowed (NET) 15% 12%C 13%C 6% 17%C % with one or more children 36% 39%B 29% 35% 36%
  23. Sample Profile Total Market (18-64) Hispanics (A) African American (B) Asians (C) N.H. Whites (D) Base size 1289 515 258 257 259 Census Region: Northeast 18% 14% 17% 21%A 19% Midwest 21% 9% 17%A 12% 26%ABC South 37% 37%C 57%CD 23% 35%C West 24% 40%BD 9% 44%BD 20%B % Employed 66% 64% 60% 66% 69% % College Graduate or More 35% 30%B 22% 54%ABD 37%B % Foreign Born 11% 40%BD 6%D 53%ABD 2% % Parent Foreign Born 22% 55%BD 12% 71%ABD 12% Median Annual HH Income $59 $47 $35 $83 $66
  24. Sample Profile Hispanics Language Spoken at Home: Spanish dominant 35% Spanish and English equally 35% English dominant 30% Country of Origin: Mexican 63% Puerto Rican 13% South American 9% Central American 5% Cuban 5% Dominican 3% Other 2% Acculturation: Less Acculturated 17% Bicultural 54% More Acculturated 29%
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