With Halloween behind us, retailers are now full swing into the Holiday shopping season. And consumers aren’t too far behind. By the end of October, a little more than half of consumers surveyed said that they have begun their Holiday shopping. In fact, 1 out of 10 consumers have completed at least half of their expected Holiday shopping.
Toys and games, electronics, and gift cards were popular gift items to purchase last week. And while 1 in 3 consumers bought books the week end Oct 9, only 14 percent purchased books last week. Santa was in a part mood last week, as can be seen by the jump in event ticket purchases.
Overall spend increased, probably do to the increase in higher ticket value items. The average consumer spent $190 dollar in-store and $264 dollars online on Holiday gift and items. At this point in the season, consumers are still favoring online purchasing.
And where are consumers spending all of those in-store dollars? Walmart, Best Buy, and Kohl’s were the most popular retailers to shop at last week. Macy’s saw a large jump in foot traffic, probably due to their Party & Holiday Home sale.
Compete Holiday Insights™ will be your source for tracking consumers’ online and offline holiday shopping, so stay tuned for more posts like this in the coming weeks.
Debra Miller Arbesman is senior associate, retailer and consumer products at Compete, a Kantar Media company that helps brands improve their marketing based on the online behavior of millions of consumers.