Consumers in the South are twice as likely as those in the Northeast to already have or plan to visit a reopened business very soon.
That’s according to the International Council of Shopping Centers’ third bi-weekly economic survey, highlighting consumers’ economic outlook, spending expectations, and evolving sentiment around reopening the economy.
Other highlights from the survey are below.
Favorable of safety measures: 80% of respondents said they are open to new protocols at brick-and-mortar stores, including wearing masks, plastic barriers at checkouts, social distancing and limits on the number of people allowed.
Reasons to shop in store: Convenience, instant gratification/getting items immediately ranked as the top (44%), reason consumers are likely to shop at a store or shopping center, followed by the ability to browse and discover new things (41%) and better price deals and promotions (41%).
Support local businesses: Over 72% said as a result of COVID-19, they plan to spend more on goods and services at small businesses in their communities that have been negatively impacted by the pandemic.
Economy will improve: Nearly half (49%) of respondents believe the economy will improve over the next year as businesses begin to reopen and people head back to work.