Christmas is by far the biggest shopping holiday in many other countries including the United States and the United Kingdom. According to MuchNeeded, American consumers spent more than $1 trillion on this day , and British consumers spent more than £ 2 billion . The products they bought included Christmas decorations, gifts, cards, and party planning.
Therefore, for sellers whose target audience is the UK or the US, understanding consumer shopping behavior before the Christmas peak season will help them better develop marketing plans.
1. Who is most likely to shop at Christmas? Many people celebrate Christmas in both the UK and the US, and although everyone has a different budget, the spending power of men, women, young and old is comparable. The following is the data on consumer behavior during Christmas in the UK and the US in 2019:
- The proportion of men and women shopping at Christmas is similar, but men are expected to spend slightly more . In the United States, men will spend an average of more than $725, while women will spend more than $609. In the United Kingdom, men will spend an average of more than £410, while women will spend more than £373.
- Generation X has the highest spending power , with an average spending of $782 per person in the United States and £425 in the United Kingdom;
- Millennials ranked second in spending power , with the average spending per person in the US at $609 and in the UK at £416.
- The lowest spenders are the baby boomers, who spend $576 per person in the US and £350 per person in the UK.
2. Who do consumers buy gifts for?
Consumers will prepare gifts for everyone as much as possible at Christmas, including family, friends and colleagues. The specific data is as follows:
- Consumers will spend more than $5 million on their pets during Christmas ;
3. What products are consumers likely to buy at Christmas? Consumers can get a variety of product discounts at Christmas, and the categories they are most likely to buy are : 30% of consumers will buy electronic products; 20% of consumers will give cash as a gift; 56% of consumers will buy greeting cards; - 44% of consumers will purchase streaming media products such as games, videos, books or music;
- 42% of consumers will buy toys;
- 31% of consumers will buy food or candy;
- 25% of consumers will purchase personal care and health and beauty products;
- 21% of consumers will buy jewelry as Christmas gifts;
- 20% of consumers will purchase furniture and home improvement products;
- 17% of consumers will purchase sports and leisure products.
4. Consumer payment method Consumers buy a huge number of products during Christmas, and their payment methods are also varied. The two most popular payment methods are credit cards or debit cards, as shown below:
5. How much do consumers spend on Christmas decorations? Consumers not only buy Christmas gifts at Christmas, they will also spend a large amount of their budget on hosting parties and preparing social events (such as food), and will also use part of their budget to buy Christmas trees and other Christmas decorations.
- Every Christmas, consumers spend an average of $200 on Christmas decorations ;
- Consumers spend at least $50 per person on flowers, cards and gift boxes ;
- The average British consumer spends £32 on Christmas decorations and £225 on food and drink;
- It is expected that 400 million Christmas trees will be sold this Christmas, generating more than $2.2 billion.
6. Other notes about Christmas In addition, the following survey data may surprise you.
- During the Christmas shopping period, consumers spend an average of at least $100 on themselves ;
- Strategies that sellers use to attract consumers to their stores include: using beautiful product images and announcing that they are about to sell out ;
- The busier shopping day than Black Friday is the Saturday before Christmas ;
- Sellers lose more than $3 billion to return fraud each year , with the highest rate of losses due to returns during Christmas.
- Single consumers make impulse purchases 45% more often than married consumers.
- 46 % of consumers will shop online for Christmas;
- 12% of UK consumers put off making purchases until the last minute;
- Adults in the UK prefer chocolate as a gift, while teenagers prefer books or cash ;
- Sales between December 15 and 24 will account for 40% of Christmas season sales;
- Christmas sales may account for 30% of annual sales;
- 21% of consumers will use mobile devices to make purchases.
- UPS delivered 630 million packages during the peak season;
Christmas sales are increasing every year. Even though Christmas sales in the United States have exceeded $1 trillion, there is no sign of a slowdown in the growth trend. Regardless, there are still many consumers shopping to celebrate Christmas. For sellers, this is a marketing opportunity that cannot be missed. statement: When reprinting this article, the title and original text must not be modified, and the source and original link must be retained. |