Article Marketing / Communications 2 min read
Many Holiday Shoppers Skip Last-Minute Deals, Shop Early
Done with your holiday shopping yet? Surprisingly, you’re far from alone. A recent National Retail Federation study found that most holiday shoppers start weeks, even months, before the holidays are even a glimmer in your eye.
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For some grinches, it’s the most annoying time of the year.
The days after Halloween are often seen as a period of “Christmas creep,” where holiday songs suddenly take over radio stations (opens in a new tab), festive displays start going up, and retailers start promoting holiday sales.
But there’s a reason why they do that: A bunch of early birds are out there, and they’re looking for a deal.
A recent study by the National Retail Federation (opens in a new tab) found that about 40 percent of shoppers start looking for holiday gifts before Halloween, while another 41.5 percent start focusing on holiday shopping in November. And this isn’t a new trend—NRF says that 40 percent of shoppers have been eyeing early gift-buying for the past 14 years!
NRF’s Holiday Consumer Spending Survey found that a variety of reasons drive this bout of early shopping, including a desire to stretch out budgets (cited by 61.4 percent of respondents), avoiding crowds (48 percent), and avoiding stress (46 percent).
“There are millions of people who have this early-bird itch,” NRF spokesperson Kathy Allen told NBC News last month (opens in a new tab).
(Perhaps this whole early-bird thing is why the outdoor retailer REI feels like its stores can take Black Friday off (opens in a new tab).)
As CNBC notes (opens in a new tab), companies have been quick to change their selling habits to attract early-bird consumers. Wal-Mart, for example, starts holiday layaway programs in August, and Amazon held its Prime Day (opens in a new tab) earlier this year, which was seen by some analysts as an attempt to push the holiday shopping season into the summer months. (Christmas in July just got a whole new meaning.)
“We’ve now conditioned the consumer for it to be an elongated period of time,” Deloitte’s Rod Sides told CNBC (opens in a new tab).
No word on how NRF or other retailers feel about radio stations playing Christmas carols so early in the year.
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