Product prices generally rise at the beginning of 2022! Americans may buy in advance and reduce purchases!

Product prices generally rise at the beginning of 2022! Americans may buy in advance and reduce purchases!

It is learned that according to data from NPD Group, as average selling prices continue to remain high, American consumers have begun to reduce their purchases of general discretionary goods. Compared with 2019, US retail sales fell by more than 8% for six consecutive weeks after the 2021 holiday shopping season, while inflation continued to remain high and prices continued to rise. Since 2022, the weekly retail sales have increased in the week before the Super Bowl and Valentine's Day (February 6 to February 12), and sales have only increased by 7%, not the double-digit percentage increase in previous years.

Marshal Cohen, chief retail industry consultant at NPD, said: "Over the past year, factors such as insufficient supply, rising prices and fewer promotions have affected consumer purchases. At the beginning of 2022, U.S. consumers' purchases are still declining. Although the willingness to consume remains, the demand for new products has weakened."

According to a survey conducted by NPD Group in February, 89% of consumers said they had noticed price increases in the past three months. Nearly half of consumers said that if prices continue to rise, they will choose to buy in advance and postpone the purchase of less necessary products to maintain their budget.


Editor ✎Estella/

Disclaimer: This article is copyrighted and may not be reproduced without permission.

<<:  Walmart adds live shopping cooperation platform! Continue to focus on live streaming sales

>>:  Record-breaking! Home Depot's sales in fiscal 2021 exceeded the $150 billion milestone!

Recommend

Ideas and operation procedures for creating hot-selling e-commerce products

What I want to share with you today is the idea a...

Sellers beware! This kind of agency operation is tricky, so be careful!

When it comes to agency operation, many sellers a...

What is RevSeller? RevSeller Review

RevSeller is a Google plug-in for the Amazon platf...

What is Orange Wind Project? Orange Wind Project Review

On May 26, 2018, Alibaba Global AliExpress launche...

What is USDA certification? USDA certification review

USDA (United States Department Of Agriculture) org...

The key to gaining traffic is to learn how to write listing titles

For Amazon sellers, writing product listing titles...

Amazon’s new advertising rules make it a great idea to pick up bargains!

"Amazon is a bit like Baidu. They make money ...

2025 The latest Amazon discount code setting method, pay attention!

When Amazon sellers are doing off-site sales, they...

What is RepricerExpress? RepricerExpress Review

RepricerExpress is a fast, powerful Amazon and eBa...

What is EOI? EOI Assessment

The main purpose of EOI (Expand Offers Internation...