Of coupons, Cyber Monday, and last-minute dashes to the mall… It’s never too early to Think Holiday
Friday, October 8th, 2010
Planning a thoughtful search strategy for the holiday season can mean the difference between a load of presents under the tree or coal in the stocking of our retail clients.
To get a jump on the festive season, Razorfish dispatched Laura Landesman to attend Google’s Think Holiday conference. She reports back on two of the hottest presentations:
State of Shopping 2010
Google’s State of Shopping 2010 presentation showcased four main trends:
- Shopping starts early and ends late: many shoppers start their holiday shopping as early as May and others wait until the weekend before Christmas.
- Coupons still reign: people are trained like Pavlov’s dog to look for deals online and, since everyone is doing them, to remain competitive it is necessary to have deals.
- Shopping early…in the week: online shopping will continue to perform as it typically does with days at the beginning of the week remaining the most high trafficked days.
- Deciding who to buy from: people already know what they want to buy (i.e. clothes, electronics, etc.), but not necessarily the brand. It is our job to tell them what brand and why.
The Post-Crisis Consumer
John Gerzema, author of upcoming book Spend Shift, presented on the topic of “how the post-crisis values revolution is changing the way we buy, sell and live.” In this presentation he explained his belief that we are entering an era where values now define consumerism and competitive advantage. This is a shift from mindless consumption to mindful consumption as people are scaling back. This is giving the consumer more control and is causing (smart) companies to demonstrate their value. Gerzema’s presentation also focused on the need for companies to be transparent instead of illusive, to play fair, and to portray values, empathy and respect.
The real question is: will this trend last once the economy rebounds? Gerzema believes, at least for the near future, that the consumer’s focus will remain on this almost 1950′s approach to buying.