Holiday Shoppers Are Spending More Or The Same As In 2019: Study


Holiday Shoppers Are Spending More Or The Same As In 2019: Study




by , November 9, 2020

Shoppers are looking for personalized suggestions, according to 2020 Holiday Season: Navigating Shopping Behaviors In The Pandemic, a global study by McKinsey. 


Of the consumers polled worldwide, 26% will rely on personalized campaigns to research their holiday shopping. And 31% will turn to social media. 


The personalized campaigns presumably include both email and web. 


But the U.S. is below the norm in relying on personalized campaigns: Only 18% of consumers plan to do so, versus 24% in Germany and 40% in China.


Overall, 40% will depend on browsing in stores, 31% on catalogs, fliers and newspapers, 42% on brand websites, 53% on retailer websites and 18% on TV commercials. 


While 44% of holiday shoppers report from a slight to significant income reduction due to COVID-19, 82% will spend the same or more than last year on holiday deals. 


And 37% intend to spend more online than they did last year.


The big motivating factors this year are:



  • Better prices/promotions — 48%
  • Better value — 44%
  • Shipping/delivery costs — 33%
  • Better quality — 32%
  • In-stock — 30%

Apart from Amazon Prime Day, which has already occurred, the big days will be: 



  • Black Friday — 56%
  • Cyber Monday — 39%
  • Cyber Week — 26%
  • Singles Day — 26%

Predictable, those whose income has been hurt by COVID-19 are most likely to look for deals.


McKinsey surveyed over 3,500 holiday shoppers in the U.S., the UK, China, Germany and France. 


 


 


 

MediaPost.com: Search & Performance Marketing Daily

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