Wednesday, June 7, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

A Little Less Jingle This Holiday Season

in Business
A little less jingle this holiday season
Share on LinkedinShare on WhatsApp

KPMG consumer pulse survey | 2022 holiday report

In September 2022, KPMG polled more than 1,000 consumers across the United States to learn about expected consumer spending and shopping habits, and holiday gathering and travel plans. Responses show that in a year in which most consumers (78 percent) have maintained or increased their household income and are increasingly willing to shop, travel and gather in-person, concerns over rising prices are quelling the overall holiday shopping outlook.

Consumers will try to create the same holiday magic with less

Red hot inflation is the grinch that could spoil seasonal success for retailers—if they fail to adjust to evolving consumer habits. Eighty-five percent of shoppers are at least somewhat worried about inflation, notably more than stockouts (63 percent) and shipping delays (57 percent). Consumer concerns regarding inflation are driving more conservative holiday spending, as shoppers continue to confront sticker shock online and in-store.

Affordability is top-of-mind in seasonal shopping choices

Households will up their holiday spending this year, but it won’t translate to more gift-giving or more extravagant presents and events. Average anticipated holiday spend for 2022 is $1,072, an increase of 6 percent over last year. However, considering inflation rates, the findings show consumers approaching this season with reserve.

Big sales events are the darlings

Inventory problems concern the majority of consumers, but reactions will be somewhat constrained, positioning Black Friday and Cyber Monday to be the most important days on the retail calendar. Most holiday shoppers plan on shopping Black Friday (60 percent) and approximately 51 percent plan on shopping Cyber Monday with Prime Day is not far behind.

Gatherings are back, but they’ll cost you

In 2022, there will be a slight uptick in holiday travel and marginally more attendance at holiday events. What consumers spend to be together—on things like party food and plane tickets—are expected to rise considerably. Nearly 9 in 10 (88 percent) of consumers say price increases are the reason they expect to spend much more on groceries this season: The average expected increase in grocery spend is a whopping 18 percent

Assembler Robots Could Eventually Build Almost Anything

Researchers at MIT’s Center for Bits and Atoms have made significant progress toward creating robots that could build nearly anything, including things much larger than themselves, from vehicles to buildings to larger robots.

Tags: Consumer trendsKPMG

Related Posts

Us trade gap widens to largest in six months as exports decline
Business

US trade gap widens to largest in six months as exports decline

World bank seen pivoting toward climate change mitigation under new head
Business

Global economy heading for ‘significant slowdown’ amid rate hikes, World Bank says

U. S. Sought records on binance ceo for money laundering probe
Business

Binance, founder Changpeng Zhao sued by SEC over securities law violations

- amazon in talks to offer free mobile service to us prime subscribers
Business

Amazon in talks to offer free mobile service to US Prime subscribers

Cisco warns ai software could make phishing attacks harder to fend off
Business

ChatGPT seen fueling $1.3 trillion AI market by 2032

New york fed president john williams rules out recession
Business

Two Federal Reserve officials hint at rate-hike pause

Ibm plans to replace up to 8,000 jobs with ai
Business

IBM plans to replace up to 8,000 jobs with AI

Ai means anybody can be a programmer, nvidia’s ceo says
Business

AI means anybody can be a programmer, Nvidia’s CEO says

The current state of ai in healthcare and where it’s going in 2023
Business

US regulators eye AI to protect consumers, workers

U. S. Officials order nvidia to stop sales of ai chips to china
Business

Nvidia nears entry to $1-trillion club amid AI frenzy

No Result
View All Result

Recent Posts

  • Videogame retailer GameStop fires CEO
  • Apple should buy Disney to harness potential of Vision Pro
  • How wildfire smoke affects human health
  • CNN’s CEO Chris Licht steps down
  • US trade gap widens to largest in six months as exports decline

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In