Clothing Retailers and Elementary School Students Will Benefit the Most From Back-to-School Shopping 2010, According to New Survey
Seventeen percent will compare prices from their mobile phones when shopping in stores
LOS ANGELES, July 19 /PRNewswire/ -- PriceGrabber®, a part of Experian, just released the Back-to-School Shopping Consumer Behavior Report, which was conducted between May 12 and June 1, 2010, and includes responses from 1,718 online consumers. Survey data reveals that shoppers are allocating their budgets differently this year, with a shift to gadget purchases for elementary students, increases in clothing purchases for all age groups and reduced back-to-school budgets for high school students.
Plans to purchase gadgets for elementary students double since 2009
As discussed in PriceGrabber's first back-to-school shopping press release, back-to-school shoppers are making significant efforts to stay within their budget this year. Survey data also reveals that shoppers are allocating their budgets differently, which has created some interesting shifts in year-over-year consumer behavior.
One shift in back-to-school purchasing behavior involves the number of gadgets that will be purchased for elementary school students; that figure has almost doubled since last year. This year, 15 percent of elementary school students will start school with a new laptop, 13 percent will have computer accessories, and 10 percent will receive a new cell phone or smartphone. This is a significant change from 2009, when 7 percent of elementary school students received a laptop, 7 percent received computer accessories and 6 percent had a new cell phone or smartphone.
Clothing purchases expected to increase for all age groups year over year
Additionally, the intent to purchase back-to-school clothing increased for all age groups compared with last year. Eighty-five percent of back-to-school shoppers plan to purchase clothing for elementary school students this year, compared with 78 percent last year. In 2010, 82 percent plan to purchase clothing for middle school students, compared with 77 percent in 2009. Eighty-four percent plan to purchase clothing for high school students, up from 74 percent in 2009. This year, 60 percent of shoppers are buying clothing for college students, compared with 47 percent last year.
"The trends we are seeing in shoppers' back-to-school clothing purchases this year indicate that although they continue to be focused on budget-minded spending, older students in particular are expanding their wardrobes which would indicate a shift towards discretionary clothing purchases. This demonstrates consumers are feeling more confident about the economy this year than last," stated Laura Conrad, president of PriceGrabber.
Back-to-school technology budgets for high school students are lower than other age groups
Survey data also revealed that back-to-school shoppers plan to spend less on items for high school students than on other age groups. Fifty percent of back-to-school shoppers plan to spend more than $250 on high school students (9th–12th grade). Back-to-school shoppers plan to spend even more on elementary school students, with 52 percent planning to spend $250 and more on elementary school students (K–5th grade). This is followed by 62 percent of back-to-school shoppers who plan to spend more than $250 on middle/junior high school students (6th–8th grade) and 67 percent planning to spend more than $250 on college/junior college students (higher than 12th grade).
"Laptops and other electronics are the most expensive items on most back-to-school shopping lists. The increase in gadgets purchased for elementary school students has forced parents to increase the overall budget at an earlier age," said Barbary Brunner, chief marketing officer at PriceGrabber. "However, the survey data implies that while some parents are purchasing laptops and electronics for high school students, other parents are forgoing the purchase of the latest and greatest new technology for high schoolers who already have late-model devices."
Last-minute price drops and mobile shopping help consumers stay on budget
While back-to-school shoppers are planning to spend more in certain areas, they still are looking for the best value. Fifty-one percent of consumers reveal that they plan to make last-minute purchases in order to take advantage of price drops.
Many consumers also are turning to their mobile phones to help ensure they are getting the best deals. Seventeen percent of back-to-school shoppers plan to use their mobile phones to comparison-shop while in brick-and-mortar stores. Consumers are not only comparison-shopping from their mobile phones, but 7 percent also plan to do standalone shopping from their phones.
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About PriceGrabber.com®
PriceGrabber, a part of Experian, is a leading online shopping site with more than 23 million unique shoppers monthly. At PriceGrabber, savvy shoppers can instantly find and compare millions of unique products and services across 25 categories with more than 11,000 merchants. Compare products side by side to find the right retailers at the best prices within popular categories, such as Digital Cameras, Electronics, Computers, Clothing, Books, TVs and more. PriceGrabber provides shoppers with the right product from the right merchant at the best price anytime, anywhere. Visit us at http://www.pricegrabber.com.
About Experian
Experian® is the leading global information services company, providing data and analytical tools to clients in more than 90 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2010, was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and Sao Paulo, Brazil.
For more information, visit http://www.experianplc.com.
Experian and the Experian marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.
SOURCE PriceGrabber
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