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You are here: Home / Archives for Consumer Trends

Consumer Trends

Vinyl Record Resurgence: Unique to U.S….Or a Global Phenomenon?

December 8, 2022 by Ted 1 Comment

Tower Records opened a store in Japan selling vinyl records in 2021
Tower Records opened a location in Japan offering vinyl records in late 2021. ‘City Pop’ is a style of music from the 70s that is popular again in Japan [Click to enlarge]

By now, data clearly shows that vinyl record sales here in the U.S. have been growing steadily for more than a decade. When initially detected, many thought it was simply a fad… They thought that at first CDs…and then digital downloads…and finally digital streaming would supplant vinyl. Now we know that is just not the case and that vinyl is continuing to grow in importance again to the music industry.

Think this is just a U.S. phenomenon? Think again! A report by the Nikkei in Japan notes the dramatic growth of vinyl sales there, as well.

See more on the growing global influence of vinyl record sales…

[Read more…] about Vinyl Record Resurgence: Unique to U.S….Or a Global Phenomenon?

Filed Under: Asian Connection, Consumer Trends, Media, Retailers, Social Media, Statistics Tagged With: Europe, Japan, U.S., vinyl

Consumers Say Health & Wellness is a Priority; Market to Hit $1 Trillion by 2025

September 8, 2022 by Ted Leave a Comment

Consumers have a new passion for Health & Wellness

Even though consumers report rising financial insecurity as inflation rages on, the Fed keeps raising interest rates, and the economy begins to slow, they say they intend to continue to prioritize spending on health and wellness – a new priority since the onslaught of COVID-19 – according to new research from Accenture. This is potentially good news as more in the custom integration industry look to offer various residential health and wellness solutions as part of a whole-home residential or commercial installation.

See why consumers say health & wellness is a priority

[Read more…] about Consumers Say Health & Wellness is a Priority; Market to Hit $1 Trillion by 2025

Filed Under: Consumer Trends, Economic Trends, Health, News Tagged With: consumer spending, health & wellness

Consumer Sentiment by Income Turns Positive, Especially at Higher Incomes

August 25, 2022 by Ted Leave a Comment

consumer sentiment by income

After 70+ days of declining gas prices and news that inflation has peaked, consumers are feeling a little bit better about things. And that is especially true of wealthier consumers, according to the latest reading from the Morning Consult/Axios Inequality Index – which includes consumer sentiment information broken down by income level.

See this latest reading of consumer sentiment by income

[Read more…] about Consumer Sentiment by Income Turns Positive, Especially at Higher Incomes

Filed Under: Consumer Trends, News, Statistics Tagged With: consumer sentiment, income

Data Suggests Inflation-Impacted High-Income Consumers are ‘Trading Down’

August 17, 2022 by Ted 2 Comments

consumers are 'trading down' to high value products
Via CNBC [Photo: Joe Raedle | Getty Images}

High-Income Consumers are ‘Trading Down’ to High-Value Products

Walmart surprised analysts in its latest earnings report for its fiscal second quarter. After having issued a warning last month that its profit may drop as shoppers were feeling the effects of high inflation and focusing purchases on necessities like food rather than discretionary (and more profitable) items such as electronics. But on Tuesday, the company reported solid revenue increases and although earnings tightened a little, they still beat analysts’ forecasts.

In a tough economic environment for retailers, how did they do it? The company says they are attracting more middle- and high-income shoppers. These high-income consumers are ‘trading down’ – an effect that has been discovered in past times of economic slowdowns and recessions. And it seems to be happening now…

Read more about high-end customers trading down

[Read more…] about Data Suggests Inflation-Impacted High-Income Consumers are ‘Trading Down’

Filed Under: Consumer Trends, Financial, News Tagged With: consumer, luxury market

Index of Consumer Sentiment Bumps Up as Inflation Declines

August 14, 2022 by Ted Leave a Comment

This past Friday, the University of Michigan released a preliminary reading of its Index of Consumer Sentiment for the month of August. This survey, one of the more widely followed readings by economists on how consumers are feeling, showed a small but meaningful jump as consumers are feeling a little better about the future. However, the overall results were a bit mixed.

Learn more about consumer sentiment rebounding from a trough

[Read more…] about Index of Consumer Sentiment Bumps Up as Inflation Declines

Filed Under: Consumer Trends, Economic Trends Tagged With: consumer sentiment, Index of Consumer Sentiment, University of Michigan

Massive Population Shifts Coming; India to Overtake China in 2023

July 15, 2022 by Ted Leave a Comment

This month, the United Nations released its report on the latest global population trends and it delivered quite a few surprises…and even a bit of a shock. The data shows that major population shifts are coming…and coming soon. First, in a bit of a surprise, we learn that by November 15 of this year, the world population will total 8 billion people. The U.N. says that, in the world we hope to build, that population number will represent “8 billion opportunities to lead dignified and fulfilled lives.” But it also represents 8 billion reasons to remember “our shared responsibility to care for our planet.”

And, in a bit of a shock, we learn that by next year, China will be replaced as the most populous nation in the world by India, whose rate of population growth supersedes China’s. Surprised?

Learn more on the population shifts around the globe

[Read more…] about Massive Population Shifts Coming; India to Overtake China in 2023

Filed Under: Asian Connection, Consumer Trends, Gov't/Politics, Health, News, People, Research Tagged With: global, population, population growth

Consumer Confidence in June at Lowest Level in 16 Mos

June 29, 2022 by Ted Leave a Comment

Consumer Confidence in June dropped

The Conference Board announced on Tuesday that consumer confidence in June, as measured by their Consumer Confidence Index, a key indicator of the state of mind of the U.S. consumer, has dropped to a reading of 98.7. This is the first time that the Index has been under its 100 reference level since a post-2020 pandemic recovery. Generally, a reading under 100 indicates a pessimistic consumer likely to cut back on spending.

This is the lowest reading for consumer confidence since February 2021.

See the latest on a declining consumer confidence index

[Read more…] about Consumer Confidence in June at Lowest Level in 16 Mos

Filed Under: Consumer Trends, Economic Trends, News Tagged With: Consumer Confidence Index, Expectation Index, Lynn Franco, Present Situation Index, The Conference Board

Economic Anxiety Builds with Unexpected Jump in Inflation in May; Stocks Turn Bearish

June 14, 2022 by Ted Leave a Comment

S&P Index ytd performance in bear territory due to inflation
The S&P Index dropped 22% this year by the end-of-day Monday…a bear market

>Consumer Sentiment Hits Record Low in June

Things are changing in the economy faster now, causing a dramatic uptick in economic anxiety. The fuse was lit last Friday when the latest government data showed that inflation increased to 8.6% in May compared to last year. The reading on inflation had been widely expected by most economists to drop a point or two from the 8.3% rate of inflation reported in April. The news sent Wall Street into a tailspin as traders interpreted the increase in inflation as a heightened risk of recession.

See more on changing economic trends, like inflation

[Read more…] about Economic Anxiety Builds with Unexpected Jump in Inflation in May; Stocks Turn Bearish

Filed Under: Consumer Trends, Economic Trends, Financial, News Tagged With: Index of Consumer Sentiment, inflation, Wall Street

Serve a Luxury Customer? Beware! An Alarming Red Flag Has Just Emerged

April 7, 2022 by Ted Leave a Comment

luxury home
Beautiful luxury villa with pool by the sea

A new analysis that correlates consumer confidence by income level has produced a shocking red flag for any business that offers goods and services to the luxury customer – as do many custom integrators. Fire up your sensors and watch closely to see if clients in your market are subject to this alarming trend.

See more on a shift in the attitude of the luxury customer

[Read more…] about Serve a Luxury Customer? Beware! An Alarming Red Flag Has Just Emerged

Filed Under: Consumer Trends, Economic Trends Tagged With: Axios, consumer confidence, consumer sentiment, consumer spending, economy, Morning Consult, Morning Consult/Axios

As Companies Have Employees Return to Office, Is This the End of Remote Work?

April 6, 2022 by Ted Leave a Comment

Google hybrid workspace for return to office
An experimental hybrid workspace and meeting in progress at Google

What Will the Impact of This Trend Be on Custom Integration?

With COVID now seemingly in decline, on Monday Google employees (Googlers?) began the process of returning to work at the company’s various headquarter and other office locations around the country. The company is requiring they work at least three days a week in the office, continuing to work remotely for the other two.

Google is hardly alone in pulling employees back to the office, Apple employees return next week and most major companies have announced dates for office life to begin again. Will this kill remote work and have an impact on the custom integration business?

Read more on this new return to work period

[Read more…] about As Companies Have Employees Return to Office, Is This the End of Remote Work?

Filed Under: Brands, Consumer Trends, Integrators, Management, News, Strategy Tagged With: Apple, COVID, Google, hybrid workforce

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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