Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Study: Consumers to spend more this holiday season
Abstract: An NPD Group study found that this year, consumers plan to spend more money for holiday gifts than they did last year.
Port Washington, N.Y.--A higher percentage of consumers plan to spend more on holiday shopping than they did last year, furthering evidence that shoppers have a positive outlook heading into the 2015 season.
A total of 15 percent of those surveyed in the NPD Group’s Holiday Purchase Intentions Survey said they’ll spend more this holiday season, up from 12 percent last year. Although the majority of respondents said they’ll maintain their level of spending this season, only 16 percent plan on spending less, compared to 20 percent in 2014.
Based on these consumer intentions, the NPD Group said the mean spend for holiday shopping is $619, a 5 percent increase when compared with last year.
Still, shoppers will be doing research. Nearly two-thirds of respondents said they’ll utilize the Internet and consumer reviews to gain quick, real-life input on products from the people using them, not the people selling them.
RELATED CONTENT: This holiday season, it’s all about omnichannel
More than 60 percent of those surveyed said they plan to do online research to learn more about a product before they buy it. Others said they’d check out customer reviews (more than 40 percent), TV ads and catalogs (more than 20 percent), or professional reviews, social media websites, magazine and mobile phone apps (all less than 20 percent).
Marshal Cohen, chief industry analyst at NPD Group, said retailers and manufacturers need to pay close attention to what is driving the consumer mindset.
“Positive consumer perceptions combined with holiday promotions could drive early impulse purchases, but the market has to deliver enticing product that consumers want and need in order to build on that momentum and keep them spending,” he said.
In addition, NPD says consumers have a more positive outlook heading into this holiday season as more respondents agreed with statement around giving to those less fortunate and general holiday anticipation, and fewer agreed with negative statements.
“Consumers are more complex, and marketers have more opportunities to reach them than ever before,” Cohen said. “Truly connecting with consumers requires interaction and omnipresence, emphasizing a complete experience that extends beyond channels, beyond traditional methods and beyond the holiday season.”
NPD Group’s Holiday Purchase Intentions Survey was fielded in September to members of NPD’s online consumer panel. In total it was completed by 3,620 individuals ages 18 and older.
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.