Published Thursday, Jul 27, 2017
Retailer Insights to win the Sales Race for Electronics, Apparel and Furniture
LIVONIA, Mich., July 27, 2017: Proprietary research from Valassis, a leader in intelligent media delivery, reveals shopper tendencies across electronics, apparel and furniture purchases. This insight can help inform retailers how and where to influence shoppers this back-to-school season, particularly college students as they prepare to head back to campus.
Over the next few weeks, retailers will target students and their parents to capitalize on the back-to-school shopping season, which by one estimate, is expected to garner more than $83.6 billion in sales – a 10 percent increase over 2016 with college shopping projected to hit an all-time high. Additionally, with RetailMeNot reporting that 85 percent of marketers plan to invest more in their back-to-school efforts this year, it is critical for retailers to understand where consumers shop and how they make purchase decisions across key verticals if they want to come out on top.
“Back-to-school shopping is incredibly competitive, as consumers carefully compare and contrast items online and in-store to ensure they are securing the best possible deals,” said Curtis Tingle, Chief Marketing Officer, Valassis. “With this in mind, it’s important for retailers to leverage data to understand what drives shoppers to make a purchase, where they are shopping and why. Our research underscores the importance of taking a consumer-centric approach for retailers to win this back-to-school season.”
When it comes to shopping for electronics, according to the Valassis Coupon Intelligence Study:
For apparel purchases, Valassis’ research indicates:
Lastly, the study reveals that when shopping for furniture:
For additional insights, please visit Valassis.com:
About the Study:
The Valassis Coupon Intelligence Study was fielded in the third quarter of 2016 in conjunction with a global, third-party market research firm with proficiency in internet surveys. The sample was derived from an online consumer opinion panel and all participants were at least 18 years of age and living in the contiguous United States. Consumers were emailed an invitation to participate in the survey and were given three days to complete it. The survey was closed once 1,000 completed responses had been reached. The responses were weighted by factors obtained from national census data to provide appropriate representations of demographic groups at summary levels.
Valassis is a leader in intelligent media delivery, providing over 58,000 clients with innovative media solutions to influence consumers wherever they plan, shop, buy and share. By integrating online and offline data combined with powerful insights, Valassis precisely targets its clients’ most valuable shoppers, offering unparalleled reach and scale. NCH Marketing Services, Inc. and Clipper Magazine are Valassis subsidiaries, and RedPlum® is its consumer brand. Its signature Have You Seen Me?® program delivers hope to missing children and their families. As wholly owned subsidiaries of Harland Clarke Holdings, Valassis and RetailMeNot, a leading destination for digital savings, are partnering to connect retailers and consumers through meaningful digital, mobile and print promotions.