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Consumer Attitudes & Behavior

  • Ingles Markets 1Q income up 9%

    Asheville, N.C. -- Ingles Markets Inc. said Monday that its fiscal first-quarter net income increased 9%. The supermarket chain earned $11.6 million for the quarter ended Dec. 29, up from $10.6 million a year ago.

    Revenue rose 2% to $932.8 million, from $918.2 million. Ingles Markets said that weekly customer visits increased 1.4% during the quarter, while the average amount that customers spent was nearly unchanged.

    Ingles Markets operates 203 supermarkets in six states in the southeastern U.S.

     

  • Survey: Valentine’s Day timing to benefit restaurants

    San Francisco -- A survey released Monday by online reservation firm OpenTable found that, when Valentine’s Day bookends a weekend, it tends to benefit restaurants.

    Valentine’s Day, which falls on a Thursday this year, will likely be celebrated beyond the official day, as diners continue to celebrate over the following weekend.

    The Valentine’s Day survey also found that the projected check average this year is $139, which is 63% higher than the typical OpenTable check average of $85 per couple. 

  • Shopper research journal gain academic insight

    The Journal of Shopper Research named University of Indiana business professor Raymond Burke as editor.

  • Coalition battles budget threats to commissary services

    WASHINGTON — U.S. commissaries could face severe cuts if Congress fails reach a budget, leaving many military families without the benefits they rely on to make ends meet, according to the Coalition to Save Our Military Shopping Benefits.

  • NRF sees only slight increase in Valentine’s Day spending

    Washington -- Consumers aren’t quite ready to shell out the big bucks for their loved ones this Valentine’s Day as much as they were last year. The 2013 Valentine's Day Consumer Intentions and Actions Survey conducted for the National Retail Federation by BIGinsight shows only a slight increase in expected sales this year with the average person planning to spend $130.97 on candy, cards, gifts and more, up from $126.03 last year. Total spending will reach $18.6 billion.

  • Amazon, Target, Lowe's have consumers buzzing

    Amazon, which gained attention for its expanded Kindle line and growing e-commerce footprint, captured the second spot on BrandIndex's list of most buzzed about U.S. brands for 2012.

    Lowe's and Target were the only traditional retailers to make the top 10. Lowe's moved up one spot to the number five position, thanks to the launch of MyLowes.com and better-equipped staff. Target captured the number seven spot with the help of its remodeling program and year-round exclusives.

    Other retailers in the top 25 include Walgreens (13), Home Depot (18) and Kohl's (25).

  • Future consumer trends include emphasis on human services and artisan goods

    Chicago -- Automation and mass production will continue to make life easier in the years ahead, but consumers and companies will react by valuing – and promoting – human services and artisan goods. That’s one of the key trends research firm Mintel predicts will be impacting consumer behavior in the next five to 10 years.

    As part of its lunch of Mintel Futures, a new program designed to forecast long-term industry trends, Mintel identified six key trends affecting the global consumer market in the near future:

  • Digital deals dominate 2012

    MINNEAPOLIS — Digital coupons are increasingly being used as a marketing tool for major brands, as evidenced by the rise in such offers between 2011 and 2012.

    Accoding to Kantar Media, digital couponing events across key websites increased by 46.1% in 2012 compared with 2011, and 805 manufacturers distributed digital coupon offers on these key websites during 2012, an increase of 18.9% as compared with the same period in 2011.  

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