PRESS RELEASE
President
Bush Is Good for the Consumers' Spending Outlook
Election Results Bring Boost to Holiday Gift-Giving Mood
Stevens, PA November 10, 2004Before the election, consumers were
expected to increase their holiday gift spending by a modest 4.5 percent.
But a survey conducted by Unity Marketing (www.unitymarketingonline.com)
post election points to an even more positive outlook. "The re-election
of President Bush will be very good for gift shopping this year. Consumers
overall are likely to increase their holiday gift spending by 5.6 percent,
from $648 last year to $678 this year," explains Pam Danziger,
president of Unity Marketing and author of Why People Buy Things
They Don't Need.
"Shoppers' psychology got a boost once the campaign was over. Consumers
feel better than they did a month ago thanks to the closure of knowing
who our president is for the next four years.
"That will translate into more generous gift-giving this holiday
season, especially among consumers Unity identifies as 'serious' gifters
(i.e. one who spent $250 or more through October on gifts). That highly-involved
gift shopper, who comprises about 60 percent of the total gifting market,
will spend 6.3 percent more this year, up from $843 in 2003 to $896
this year," Danziger explains. The 'serious' gifter is most likely
to be a woman, aged 25-to-54 years old, with a household income averaging
over $50,000.
Entertainment Tops Gifters' List, but Store Gift Certificates Will
See Greatest Boost in Giving
Shoppers are going to turn first to entertainment and/or recreational
goods as gifts this year. Hot items will include electronic entertainment
equipment (i.e. hardware) and entertainment media (i.e. software), as
well as photographic equipment and back-to-basic toys.
Next on shoppers' gift lists will be clothing, fashion accessories and
jewelry and watches. Shoppers this year will be drawn to more luxurious
costume and 'faux' jewelry that makes a strong fashion statement for
under $100.
An increasingly popular gifting alternative this year will be store
gift certificates. Last year about 53 percent of gifters gave a store
gift certificate, while 63 percent this year say they are very or somewhat
likely to choose this gift. Retailers are beginning to get smart about
this most profitable gift offering and are combining token gift items
like chocolates with a gift card, thus vastly increasing the gifting
pleasure on Christmas morning.
A traditionally popular gift category that may get less attention this
year is home furnishings. While 48 percent of gifters chose a home gift
last year, only 40 percent say they are likely to give something for
the home this Christmas. With people fighting to eliminate household
clutter, many gift recipients will get greater satisfaction from a gift
that they can enjoy, like gourmet food, wine, or candy or something
more personal such as perfumes and bath products.
Only beginning to rise on the gift-givers' radar screen are gifts of
experience, such as a day at the spa, a fine dining experience, a ticket
to the opera or a favorite jazz club. Nearly one-third of the 'serious'
gifters plan on making an experiential gift this Christmas.
New Gifting Report, 2004 Update Available
The results of this year's Christmas holiday gifting survey updates
Unity Marketing's Gifting Report, 2004 Update: The Who, What, Where,
How Much and Why of Gift Giving and Shopping. This consumer insight
study of gifting combines qualitative and quantitative research among
gift givers. It reveals gift giving incidence and spending by holiday
and occasion, including seven major gifting holidays and 12 gifting
occasions, such as birthdays, anniversaries, weddings, friendship. The
key attributes of a good gift are presented, as are the types of stores
where gifters prefer to shop. How people choose across the range of
gifting options is explored. Finally the personalities of three different
types of gift givers with different gifting motivations are explored.
For more information about the study, use this click
here.
About Unity Marketing
Founded in 1992, Unity Marketing (www.unitymarketingonline.com)
is a marketing consulting firm specializing in consumer insights. Pam
Danziger is the company's founder and author of Why People Buy Things
They Don't Need (Chicago: Dearborn Trade Publishing, 2004) which
uncovers the motivations, desires and emotional needs that drive consumers
to buy. Unity publishes consumer insight studies on the luxury market,
jewelry, garden, pet accessories, home furnishings, gifts and collectibles,
greeting card and stationery, tabletop, art and wall décor markets,
as well as the Luxury Business newsletter. Pam has just completed her
second book, Let Them Eat Cake: Marketing Luxury to the Massesas
well as the Classes, to be in the bookstores in January 2005.
For media, Unity Marketing can make tables, charts and graphs available
about consumer holiday gift giving and spending upon request.
Contact: Pam Danziger, 717-336-1600
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© Copyright 2004 by Unity Marketing. All rights reserved.
For any questions or comments contact webmaster@unitymarketingonline.com.
Unity Marketing
188 Cocalico Creek Road
Stevens, PA 17578
Phone: 717-336-1600
Fax: 717-336-1601
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