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You are here: Home / Archives for Consumer Trends

Consumer Trends

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

Consumer Sentiment Nears 11-Year Low; Near-Term Inflation the Bogeyman

March 29, 2022 by Ted 2 Comments

consumer shopping
[Photo: Reuters}

For three straight months now, consumer sentiment has declined as the world faces war in Europe, soaring global gas prices, price inflation on a wide range of consumer goods, and lingering supply chain issues. As measured by the widely followed University of Michigan Index of Consumer Sentiment released earlier this month, the index is nearing its lowest level in 11-years.

See more on the souring consumer sentiment and what it means

[Read more…] about Consumer Sentiment Nears 11-Year Low; Near-Term Inflation the Bogeyman

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

Let’s Get Physical! Vinyl Sales Up >51%, CD Sales Up for First Time in 17-yrs

January 26, 2022 by Ted Leave a Comment

Musicians Counterattack, Gain Against the Geeks

In the latest report from the music world, we learned two surprising facts: First, for the first time in 17-years, retail sales of physical compact discs actually increased. And second, for the first time since 1991, vinyl records are the most popular physical media format. It’s big news and much of the media – even mainstream news outlets like CNN – reported on this development. It appears to be part of a surprising swing by consumers back to physical media, as sales of vinyl records in 2021 saw a stunning year-over-year increase of 51.4% – the biggest increase of ANY format, physical or streaming.

What the heck is going on here?

See more on physical media clawing its way back into the hearts of consumers

[Read more…] about Let’s Get Physical! Vinyl Sales Up >51%, CD Sales Up for First Time in 17-yrs

Filed Under: Consumer Trends, Media, News, Retailers, Statistics Tagged With: CD, compact disc, music industry, Record Store Day, vinyl

Huge 6-Fold Jump in Omicron Infections in One Week; Ready for a New ‘Normal?’

December 22, 2021 by Ted 2 Comments

Omicron causes long lines at testing facilities
A long line of cars waiting for COVID testing recently in New Jersey (NBC News)

Remember back in 2020 when as the stressful year unfolded, we would wistfully daydream about the day when this coronavirus pandemic would come to an end and we’d get “back to normal?” We thought that would happen, like, in 2021. Then 2021 came along and the deadly Delta variant of COVID-19 emerged. “Normal” had eluded us once again.

Enter Omicron which looks to complicate 2022. I think it’s time to forget about getting back to what used to be normal and make sure you and your company are ready for a new “normal”…

See more on Omicron and a new ‘normal’

[Read more…] about Huge 6-Fold Jump in Omicron Infections in One Week; Ready for a New ‘Normal?’

Filed Under: Consumer Trends, Health, Management, News Tagged With: COVID-19, Omicron

Red Alert for Multiplex Owners, Almost Half of all Moviegoers are Gone

December 16, 2021 by Ted Leave a Comment

Just about half of moviegoers are back in the theater

And Many of Them are Gone for Good

Market researchers are sounding the alarm as new research indicates that almost half of all moviegoers are no longer buying tickets to see movies at the theater. They say theater owners must “‘urgently’ rethink the experience.”

Where have all the movie fans gone? Read on to find out…

[Read more…] about Red Alert for Multiplex Owners, Almost Half of all Moviegoers are Gone

Filed Under: Consumer Trends, News, Statistics Tagged With: commercial theaters, consumers, movie business, movie theaters, movies

What Amenities Do Million Dollar Home Buyers Desire? ‘Wellness’ Tops the List

December 8, 2021 by Ted Leave a Comment

Beautiful luxury villa with pool by the sea

‘Wellness’ is Most Requested Amenity by Luxury Buyers

In a recent interview in a business newsletter, James Harris of the reality TV show Million Dollar Listing chatted about the latest trends in the luxury home market. The interview offered some interesting insights on the most desired amenities by today’s luxury home buyer, aka the primary target client for most custom integrators. Of the long list of available options, wellness is said to top the list as today’s most desired amenity.

See more on the latest trends from Million Dollar Listing’s James Harris

[Read more…] about What Amenities Do Million Dollar Home Buyers Desire? ‘Wellness’ Tops the List

Filed Under: Consumer Trends, Integrators, Pivot Point, Technology Tagged With: Delos, health & wellness, Pure365, wellness

Brrrr, There’s a Chill in the Air; Consumer Confidence Hits a 9-Month Low

December 2, 2021 by Ted Leave a Comment

While there’s no question that the economy continues to expand, certain indicators are sending chills down economists’ spines – and the latest Consumer Confidence Index is one of those indicators. According to the latest data from The Conference Board (TCB), the Consumer Confidence Index (CCI) declined in November in a sign that consumers’ attitudes about the economy are turning cold.

See more on the November Consumer Confidence Index

[Read more…] about Brrrr, There’s a Chill in the Air; Consumer Confidence Hits a 9-Month Low

Filed Under: Consumer Trends, Economic Trends, News Tagged With: consumer confidence, Consumer Confidence Index

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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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