Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Consumers Expected to Slow Spending Again This Year
Aug 12, 2009
 Printable format
 Email this Article
 Search

Back-to-school this year will be slow this year, but not as slow as in 2008, said a report by the NPD Group.

Overall, consumers tell NPD that they aren’t in a hurry to shop. This year there was a 5% drop in the number of consumers saying they either "haven’t started" or "don’t plan to shop" for back-to-school as of July 2009.

According to NPD, back to School spending intentions in 2009 include:

Plan to Spend Less? 44%
Plan to Spend the Same? 32%
Plan to Spend More? 23%

Additionally, this year consumers say they are making a dramatic shift in their spending priorities.

Category Spending

School Supplies -- 77%, versus 78% in 2008
Apparel -- 52%, versus 60% in 2008
Footwear -- 39%, versus 48% in 2008
Electronics* -- 30%, versus 34% in 2008
School Bags -- 29% versus 33% in 2008
Apparel Accessories -- 16%, versus 20% in 2008
Small Appliances -- 6%, versus 7% in 2008

*Electronics includes: personal computers, laptops, PDA’s, printers, cell phones, MP3 players, and digital cameras.

As consumers shift their purchasing behavior, they will also be shifting where they will shop. Indications are that department stores will take the hardest hit with 20 percent of consumers saying they will shop there, a 4% decline from last year. Office supply stores are consumers’ top shopping destination, with 82% of consumers saying they will shop there, followed by mass merchants/discounters at 42%. Chain stores come in third, with 29%.

Back to Daily News

 

Daily News

...........................................................

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows