Tag #Consumer Behavior

Showing 25 to 36 of 169 results

welt.de

🌐 85% Global Worthiness

Jul 23, 10:16

Half of German AI Users Consult Chatbots for Shopping Advice

A Norstat study reveals that half of German AI users sometimes use AI chatbots like ChatGPT for shopping advice instead of search engines; this contrasts with the European average, posing a challenge to traditional marketing strategies.

Half of German AI Users Consult Chatbots for Shopping Advice

A Norstat study reveals that half of German AI users sometimes use AI chatbots like ChatGPT for shopping advice instead of search engines; this contrasts with the European average, posing a challenge to traditional marketing strategies.

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What are the long-term implications of this shift in consumer behavior for businesses' marketing and sales strategies?

The increasing reliance on AI for purchasing decisions underscores the need for manufacturers and retailers to adopt new strategies to maintain visibility. The trend highlights a move away from traditional search engine optimization and suggests a growing need for AI-optimized marketing strategies and product discovery tools. This also emphasizes the power of AI chatbots and the need for businesses to integrate with them effectively.

euronews.com

🌐 85% Global Worthiness

Jul 20, 10:09

European Luxury Market Booms to €110 Billion, Driven by TikTok and Emotional Consumption

The European luxury market reached €110 billion in 2024 due to post-pandemic tourism, favorable exchange rates, and emotional consumption; TikTok's influence and the rise of self-gifting are key factors.

European Luxury Market Booms to €110 Billion, Driven by TikTok and Emotional Consumption

The European luxury market reached €110 billion in 2024 due to post-pandemic tourism, favorable exchange rates, and emotional consumption; TikTok's influence and the rise of self-gifting are key factors.

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How is the rise of TikTok influencing luxury brand marketing and the perception of luxury goods among younger consumers?

A generational shift in luxury consumption is underway, with younger buyers prioritizing self-gifting and personal expression over status symbols. This trend is evidenced by a 110% increase in the #selfgifting hashtag on TikTok and the growing influence of user-generated content featuring luxury products.

gr.euronews.com

🌐 75% Global Worthiness

Jul 18, 13:13

Polish Luxury Market Surges 24%, Driven by TikTok and Changing Consumer Preferences

The Polish luxury market experienced a 24% year-over-year growth in 2023, exceeding the European average, driven by post-pandemic tourism, favorable exchange rates, and a younger generation prioritizing self-gifting and authentic brand experiences amplified by TikTok.

Polish Luxury Market Surges 24%, Driven by TikTok and Changing Consumer Preferences

The Polish luxury market experienced a 24% year-over-year growth in 2023, exceeding the European average, driven by post-pandemic tourism, favorable exchange rates, and a younger generation prioritizing self-gifting and authentic brand experiences amplified by TikTok.

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What factors are driving the significant growth of the Polish luxury market, and what are the immediate implications for the global luxury industry?

The Polish luxury market surged 24% year-on-year in 2023, exceeding the European average. This growth is driven by factors including post-pandemic tourism recovery, favorable exchange rates, and the rising importance of emotional consumption, particularly among younger consumers who prioritize self-gifting over status displays. TikTok plays a significant role, with the hashtag #selfgifting seeing a 110% increase.

cbsnews.com

🌐 75% Global Worthiness

Jul 16, 22:13

Early Back-to-School Shopping Surge Amidst Inflation and Tariff Concerns

Driven by concerns over tariffs and inflation, two-thirds of American families have begun back-to-school shopping earlier than last year, with total spending predicted to reach $128.2 billion, although individual spending is expected to decrease.

Early Back-to-School Shopping Surge Amidst Inflation and Tariff Concerns

Driven by concerns over tariffs and inflation, two-thirds of American families have begun back-to-school shopping earlier than last year, with total spending predicted to reach $128.2 billion, although individual spending is expected to decrease.

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How are retailers responding to consumer concerns about inflation and tariffs in the back-to-school shopping season?

The surge in early back-to-school shopping is directly linked to economic uncertainty, with 51% of consumers citing tariff concerns. This behavior highlights the significant impact of inflation and trade policies on household spending and demonstrates consumers' proactive approach to budget management.

welt.de

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Jul 13, 07:11

Record German Energy Supplier Switches Amid Rising Cutoffs

In 2024, a record 7.1 million German electricity and 2.2 million gas customers switched suppliers, saving €2.2 billion collectively, but also saw a 20% rise in electricity and gas cutoffs to 245,000 and 33,700 respectively, highlighting both market dynamics and growing energy poverty.

Record German Energy Supplier Switches Amid Rising Cutoffs

In 2024, a record 7.1 million German electricity and 2.2 million gas customers switched suppliers, saving €2.2 billion collectively, but also saw a 20% rise in electricity and gas cutoffs to 245,000 and 33,700 respectively, highlighting both market dynamics and growing energy poverty.

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What were the key impacts of the record number of energy supplier switches in Germany in 2024?

In 2024, a record 7.1 million German electricity customers (an 18% increase from 2023) and 2.2 million gas customers (a 22% increase) switched suppliers, saving households an estimated €2.2 billion in energy costs. This surge reflects consumers seeking better rates, highlighting competitive market dynamics and progress in Germany's energy transition.

smh.com.au

🌐 75% Global Worthiness

Jul 8, 01:17

Rising Costs Force Australian Retailers to Axe Free Returns

Australian retailers are increasingly eliminating free returns due to rising costs, with only 14 percent offering this service in 2024 compared to 49 percent in 2018, impacting customer experience and sustainability, as some companies now landfill returned items.

Rising Costs Force Australian Retailers to Axe Free Returns

Australian retailers are increasingly eliminating free returns due to rising costs, with only 14 percent offering this service in 2024 compared to 49 percent in 2018, impacting customer experience and sustainability, as some companies now landfill returned items.

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Responsible Consumption and Production

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What is the impact of the increasing cost of free returns on Australian retailers and consumers?

The rising cost of free returns is forcing many Australian retailers to eliminate this service, impacting customer experience and potentially sales. Data shows a significant decrease in retailers offering free returns, from 49 percent in 2018 to 14 percent in 2024, with return shipping costs increasing by 30 percent year-over-year. This shift is largely due to increased operational costs, such as labor and fuel.

liberation.fr

🌐 65% Global Worthiness

Jul 23, 01:11

French Summer Sales Plummet Amidst Heatwave and Fast Fashion Competition

French summer sales ended July 22nd with disappointing results: a 5% drop in in-store sales and a 3% decline in online sales compared to last year, due to a heatwave, the rise of private sales, and competition from fast fashion giants like Shein and Temu.

French Summer Sales Plummet Amidst Heatwave and Fast Fashion Competition

French summer sales ended July 22nd with disappointing results: a 5% drop in in-store sales and a 3% decline in online sales compared to last year, due to a heatwave, the rise of private sales, and competition from fast fashion giants like Shein and Temu.

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How did the heatwave and the rise of private sales impact consumer behavior during the summer sales period?

The decline in French summer sales reflects a broader shift in consumer behavior. The rise of private sales is directly impacting traditional sale periods, as consumers increasingly find deals outside the official sales events. This trend, coupled with the heatwave that discouraged in-person shopping, contributed to the overall poor performance.

theguardian.com

🌐 75% Global Worthiness

Jul 18, 13:13

Burberry Sales Rise Despite Tourist Spending Dip

Burberry's sales fell 2% to £433m in the three months to June, defying weak tourist spending thanks to strong sales of festival wear in Europe and America; however, Asian sales remain down, and the company is cutting 1,700 jobs.

Burberry Sales Rise Despite Tourist Spending Dip

Burberry's sales fell 2% to £433m in the three months to June, defying weak tourist spending thanks to strong sales of festival wear in Europe and America; however, Asian sales remain down, and the company is cutting 1,700 jobs.

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How has Burberry's shift in marketing strategy impacted its sales in different regions, and what challenges remain?

Burberry's improved performance demonstrates a successful shift in marketing strategy, appealing to younger, high-spending customers through festival pop-ups and in-store "scarf bars". This contrasts with continued decline in the Asian market, highlighting the brand's regional sales disparities and dependence on specific product lines. The company's cost-cutting measures, including job reductions, aim to further improve profitability.

forbes.com

🌐 85% Global Worthiness

Jul 17, 01:10

Generative AI Reshapes Consumer Purchasing: Retailers Must Adapt to GEO and Agentic AI

Accenture's survey shows that 50% of consumers across 14 countries used generative AI for purchase decisions, making it the fastest-growing source of buying advice; retailers must adapt to Generative Engine Optimization (GEO) and address the rise of agentic AI personal shoppers.

Generative AI Reshapes Consumer Purchasing: Retailers Must Adapt to GEO and Agentic AI

Accenture's survey shows that 50% of consumers across 14 countries used generative AI for purchase decisions, making it the fastest-growing source of buying advice; retailers must adapt to Generative Engine Optimization (GEO) and address the rise of agentic AI personal shoppers.

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How can retailers build and maintain consumer trust in the context of AI-driven shopping experiences?

The rise of agentic AI, which autonomously makes purchases on behalf of consumers, presents both a threat (price-based competition) and an opportunity (highlighting non-price factors) for retailers. Building trust through transparent data usage and maintaining a human touch are crucial for success.

zeit.de

🌐 85% Global Worthiness

Jul 13, 07:11

Record Energy Provider Switches in Germany Amid Rising Shutoffs

In 2024, a record 7.1 million German electricity customers and 2.2 million gas customers switched providers, saving households €2.2 billion, while energy shutoffs increased by 20 percent to 245,000 (electricity) and 33,700 (gas), highlighting the challenges of rising energy costs and energy poverty.

Record Energy Provider Switches in Germany Amid Rising Shutoffs

In 2024, a record 7.1 million German electricity customers and 2.2 million gas customers switched providers, saving households €2.2 billion, while energy shutoffs increased by 20 percent to 245,000 (electricity) and 33,700 (gas), highlighting the challenges of rising energy costs and energy poverty.

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How do the increased energy shutoffs relate to the rise in provider switching, and what underlying economic or social factors contribute to this trend?

The significant rise in energy provider switches in 2024 is directly linked to substantial price differences between standard tariffs and new customer offers. The average price of a kilowatt-hour of electricity in basic supply was 44.2 cents, compared to 24.6 cents in new customer tariffs. This disparity stems from the lingering effects of the 2022 energy crisis.

mk.ru

🌐 75% Global Worthiness

Jul 10, 19:15

Russian Savings and Financial Insecurity: Survey Highlights Disparities

A survey reveals that 13% of Russians with savings can survive less than a month without income, while the median savings amount is around 100,000 rubles, highlighting financial insecurity despite efforts to manage finances.

Russian Savings and Financial Insecurity: Survey Highlights Disparities

A survey reveals that 13% of Russians with savings can survive less than a month without income, while the median savings amount is around 100,000 rubles, highlighting financial insecurity despite efforts to manage finances.

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How do the survey findings concerning savings among Russians compare with those from the Central Bank, and what accounts for the differences in the results?

The study reveals a disparity between savings and the ability to endure financial hardship. While 40% of Russians have savings (according to the Central Bank), the median savings amount is approximately 100,000 rubles, suggesting a significant portion have relatively small savings that quickly deplete. This highlights the precarious financial situation for many Russians.

usa.chinadaily.com.cn

🌐 85% Global Worthiness

Jul 3, 07:15

China's Post-Gaokao Spending Spree Fuels Economic Growth

Following China's gaokao exams, 13.35 million graduates are driving a post-exam spending surge, boosting sales in electronics (up 45 percent on JD.com during the "618" festival), travel (137 percent year-on-year increase on Tongcheng Travel), and personal services, reflecting rising disposable incom...

China's Post-Gaokao Spending Spree Fuels Economic Growth

Following China's gaokao exams, 13.35 million graduates are driving a post-exam spending surge, boosting sales in electronics (up 45 percent on JD.com during the "618" festival), travel (137 percent year-on-year increase on Tongcheng Travel), and personal services, reflecting rising disposable incom...

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What is the immediate economic impact of the post-gaokao spending spree in China, and how significant is its influence on various sectors?

China's post-gaokao economy is booming, with 13.35 million graduates spending on electronics, travel, and personal improvement. JD.com saw a 45 percent jump in electronics sales during the "618" shopping festival, fueled by government subsidies and vendor discounts. This spending spree reflects both reward for academic achievement and preparation for university life.

Showing 25 to 36 of 169 results