Consumer Spending Survey Finds Consumers Plan to Spend Less on Big-Ticket White Goods and Home Electrical Purchases in the Next Six MonthsBy Pricegrabber.co.uk, PRNE
Monday, November 1, 2010
Fifty-three percent of consumers revealed that they have been spending more time online comparing prices, as compared to before the recession (December 2007)
LONDON, November 2, 2010 - PriceGrabber.co.uk(R), a part of Experian, has just released the results
of its 2010 Consumer Spending Survey (Aug. 4, 2010 to Sept. 21, 2010; 1,035
respondents). Survey data reveals the recession has caused consumers to spend
less overall, but spend more time shopping online. Additionally, in the next
six months consumers are planning to reduce their big-ticket purchases for
white goods, electronics and furnishings.
Consumers spend more time online performing shopping-related activities,
as compared to before the recession (December 2007)
-- Fifty-three percent of consumers revealed they have been spending more time comparing prices online compared to before the recession (December 2007) -- Fifty percent of consumers have been spending more time shopping online compared to before the recession (December 2007) -- Twenty-eight percent of consumers have been spending more time online searching for coupons, as compared to before the recession (December 2007)
Consumers are spending less versus two years ago
-- Fifty-one percent of consumers indicate they are spending less overall than at the start of the recession (December 2007) -- Eight percent of consumers revealed they are spending more than at the start of the recession (December 2007) -- Forty-one percent of consumers are spending the same amount overall when compared to the start of the recession (December 2007)
Consumers plan to reduce big-ticket spending for the home in the next six
-- Fifty-two percent of consumers revealed they are not planning to make big-ticket purchases (white goods, electronics and furnishings) in the next six months because they are focused on saving -- Twenty percent of consumers plan to purchase a big-ticket electronic item in the next six months, as compared with the 43 percent of consumers who have already purchased a big-ticket electronic item in 2010 -- Fourteen percent of consumers plan to make a big-ticket home improvement purchase in the next six months, as compared to the 19 percent of consumers who have made a purchase in 2010
"Survey results reveal that the recession has caused consumers to shift
their shopping patterns online," stated Justin Sedgmond, business director at
PriceGrabber.co.uk. "While consumers are planning to reduce their big ticket
spending in the next six months for white goods, electronics and furnishings,
we expect them to continue to spend time online searching for coupons and
comparing prices for small ticket purchases."
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PriceGrabber.co.uk, a part of Experian, is a leading online shopping site
where savvy shoppers can instantly find and compare millions of unique
products and services across 20 categories with thousands of 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.co.uk provides shoppers with the
right product from the right merchant at the best price anytime, anywhere.
Visit us at www.pricegrabber.co.uk.
Experian(R) 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 US$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
For more information, visit 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
The statistics in this release are sourced from an online survey
conducted between Aug. 4 and Sept. 21, 2010 with 1,035 U.K. online consumers
who recently made an online purchase through PriceGrabber.co.uk from a retail
partner or seller listed on the site. The demographic variables collected
include: age, gender, region, employment and estimated annual household
income. The maximum sampling error for the survey data is +/- 3.05 percentage
points at the 95% confidence level.
Lisa Balliache of The PR Network, 07768 264132, lisa.balliache at theprnetwork.co.uk, for PriceGrabber.co.uk; or Sharon Banfield of PriceGrabber, +1-323-601-1223, sbanfield at pricegrabber.com
Tags: London, November 2, Pricegrabber.co.uk, United Kingdom