The season of giving (and spending!) is here, and you can bet your bottom dollar that consumers everywhere are preparing for it.
The question is: are you?
Whether you're in the business of customer loyalty, employee engagement, or member retention, the holidays represent a major opportunity to strengthen the relationships you value most.
Here at Access, we want to help you get ready. After all, 92% of consumers say they plan to "celebrate the season" this year, giving you a chance to fill a stocking with goodwill. Read on to learn more about how (and why) a little extra care and consideration can go a long way during the holidays.
Holiday Spending: Bigger Than Ever
With Thanksgiving and Christmas just around the corner, people are feeling pressure to stay on top of their holiday shopping with 32% of U.S. consumers starting their yuletide spending as early as July, and another 29% beginning in November.
There's no intention of slowing down the festive spending this year as retail holiday sales in the U.S. are predicted to grow between 2.5% and 3.5% over 2023, with consumer spending expected to reach a record $902 per person on average across gifts, food, decorations and other seasonal items.
It's no secret people are spending larger-than-usual sums of money to get ready for the holidays. So what exactly is on everyone’s wish list this year?
The most popular ask is gift cards (53%) followed by clothing and accessories (49%), books and other media (28%), personal care or beauty items (25%), electronics and home decor (22%), jewelry (20%), sporting goods (17%), and home improvement (16%).