News Icon

News

1 MIN READ
News

The Food Institute: Candy & Spice and Everything Nice: Holiday Hits Retail Earlier Than Ever as Spending Shrinks

8451 SME Profile Headshots 385 X 400 Barbara C 2 X
Barbara Connors, VP, Strategy & Acceleration
Subject Matter Expert

It’s not just the days that are getting shorter – the amount of time between glimpsing ghouls and buying roof clips for Rudolph is shrinking, too.

Home Depot sold out of its first run of 12-foot holiday skeletons in late July. Target and Walmart are already gearing up for the retail holiday season, and as Amazon prepares its second annual Prime Early Access Sale in October – a 100-million-items-sold e-commerce extravaganza last year – no one is safe from holiday “retail creep.”

The pandemic can’t quite account for the sheer volume of holiday bric-a-brac seen in retailers since the anemic consumer demand of 2020 slowly gave way to increasingly voracious holiday spending in the years since. In 2021, Walmart and Amazon began holiday sales and promotions in October and this year’s Labor Day sales saw several glimpses of snow-capped frivolity for many in-store and online vendors large and small.

“Shoppers plan to celebrate Halloween in a traditional way this year,” said Barbara Connors, VP of strategy and acceleration at 84.51°, to The Food Institute. Per its September Consumer Digest survey, Connors said 34% of consumers won’t cut back on expenses, 36% will cut back on decorations, 32% on costumes, and 27% on beverages.

Among those who celebrate the holidays, more than 20% of consumers have begun planning not only for Thanksgiving but for Christmas as well.

FULL ARTICLE

8451 SME Profile Headshots 385 X 400 Barbara C 2 X
Barbara Connors, VP, Strategy & Acceleration
Subject Matter Expert
As Vice President of Strategy and Acceleration for 84.51°, Barbara Connors is an innovator, problem solver and strategist for Kroger and many of the most recognizable consumer packaged goods companies in the global gr...learn more

We’re leading a data revolution in the retail business, and we’re looking for partners who are ready for a deeper, more personal approach to customer engagement.

Let’s connect