Holiday shopping is just around the corner and the data shows consumers will be spending and shopping even earlier this year!
The top 3 trends predicted for the 2022 holiday shopping season are:
Trend 1: More Spending & Growth Predicted this Holiday Season
Whether it is post-pandemic energy, excitement, or relief, consumers were reported to spend big last year, and that trend is predicted to continue. According to eMarketer, total retail spending grew 16.1% in 2021 – the fastest growth rate in more than 20 years. They also predict consumer holiday spending will grow 3.3% in 2022 to $1.262 trillion.
Trend 2: E-Commerce Continues to Dominate Holiday Shopping and Sales
E-Commerce shopping growth has been holding steady post-pandemic. It is expected for nearly all shoppers to buy something online this holiday shopping season.
Trend 3: Holiday Shoppers Will Start Early Thanks to Loyalty Programs and Stock Concerns
In 2021, holiday shoppers started shopping sooner and 50% wished they had started shopping earlier because of brand loyalty programs and the fear of missing out on key wish list items because of stock concerns many companies are facing.
To read the full article from Bidtellect, visit These Are The Top 3 Trends Predicted for the 2022 Holiday Shopping Season – Bidtellect
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