Time- and Budget-Crunched Consumers Turn to the Internet for Holiday Shopping
The Internet Grabs a Bigger Piece of a Smaller Holiday Shopping Pie SAN FRANCISCO--(Business Wire)-- In light of the sinking economy, it’s no surprise that consumers are cutting down holiday spending this year: a new study by interactive agency Questus reveals that 49% of consumers plan on spending less this year, and almost one in five plan on spending much less. While overall spending will decrease this holiday season, the web will grab a bigger piece of the shrinking pie. Almost one-third of consumers (31%) will do the majority of their shopping online which is a substantial increase from last season (25%). Given the economic environment, it is surprising is that time-savings and convenience trump saving money as the number one reason to shop online. Findings include: * Among those planning to do any online holiday shopping this year, convenience is the number one reason why respondents plan to shop online this holiday season: * 71% think shopping online is “more convenient” * 69% want to “save time” * While many feel they will save money by shopping online, the proportions are still lower than those who value convenience: * 60% plan to find “special offers, such as free shipping, sales or online coupons” * 49% think they will “save money on products” * 46% feel they will “save money on travel (e.g., gas, parking transportation, etc.)” Jeff Rosenblum, co-president of Questus, has worked with many of the world’s leading e-commerce brands and notes that “while we are in one of the most unique shopping environments in this country’s history, the fundamentals for successful e-commerce programs remain consistent. Shoppers continue to place an emphasis on saving time and energy, meaning that usability remains the critical factor during the holiday season and beyond. In fact, usability may be more important than ever because there are increasingly important elements that are fighting for screen space: sales and savings.” Mr. Rosenblum continued: “Whenever new elements are added to a Web site, there is a natural inclination towards information overload. Ironically, when more information is available on the screen, frequently users actually find less information because of problems with the visual hierarchy. Success requires a consumer-centric process. The etailer that ignores the granular needs of consumers is destined to fail.” About Questus: Questus is an industry-leading interactive marketing agency with offices in New York and San Francisco. Questus integrates world-class design and proprietary research tools to offer a uniquely powerful approach to interactive marketing. For more information, please visit http://www.questus.com Questus Sarah Lessen, 415-341-3716 sarah.lessen@questus.com Copyright Business Wire 2008
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