Here's how the pandemic will damage holiday shopping:
US consumers' finances and planned holiday spending took a hit this year in the wake of the crisis. Twenty-nine percent of respondents reported that their household's financial situation was somewhat or a lot worse than it was last year, up from 20% in 2019. And 38% said they plan to spend less during the holidays, far more than the 22% who said the same in 2019.
Shoppers plan to limit their visits to stores now that the pandemic has made in-store shopping a potential health risk. More than half of respondents are anxious about shopping in-store over the holidays due to the crisis, leading 65% to prefer shopping online to avoid crowds. And consumers expect to visit just 5.2 stores on average over the holiday season, down from 7 in 2019, illustrating how the pandemic will cut into in-store foot traffic and sales during the holidays.
Ecommerce is set to surge over the holidays since in-store shopping is taking a step back, making order fulfillment a key part of retailers' efforts to compete for holiday sales. With consumers preferring to shop online instead of in stores, ecommerce sales will be more important to retailers' holiday performances than ever before. eMarketer retail ecommerce sales to make up 18.8% of US retail holiday sales and grow 35.8% YoY, a rapid acceleration from the segment's 15.4% YoY growth in 2019. And with nonecommerce US holiday retail sales expected to fall 4.
How are you paying for your HOLIDAY presents? I think paying in installments for HOLIDAY gifts might lead to increased debt bc of a lack of job security in the COVID19 world. HAPPY HOLIDAYS RegulateBNPL
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
'People are seriously pissed': Inside Google firing a top AI ethicist - Business InsiderInside Google's firing of a top AI researcher, and the academic paper that started the battle: 'People are seriously pissed' nice I love it when these folks find out they’re working for a publicly traded company and not some university/etc — welcome to the real world of actions and consequences. Neuralink will be in next job
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
Inside the 'bubble college' U Experience relaunch in January - Business Insider'No masks. No social distancing. A real college experience': Inside The U Experience, which is promising students a 'bubble campus' — for the third time I'm so glad this tech-startup has decided to embark on this huge risk to public health
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
Inside the tragic last months of ex-Zappos CEO Tony Hsieh - Business InsiderTony Hsieh sold Zappos for $1.2 billion in his 30s. He was dead by 46. Inside his final Park City months, where he hoped to deliver more happiness as he spiraled.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
An inside look at designing the cars of Cyberpunk 2077 - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Check my bio, earn money TODAY! The most waited game
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
Take a look inside Tom Clancy's former Baltimore penthouse - Business InsiderTake a look inside Baltimore's largest penthouse, a $15 million property that belonged to Tom Clancy and is now up for auction Money is good. This property drops price by a million at least before it sells. Asking too much for it.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »
Inside the tragic last months of ex-Zappos CEO Tony Hsieh's life - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »