Influencers and deals will affect holiday purchase decisions.
Influencers, in-store displays and deals will have a big impact on shoppers' holiday purchase decisions.
Nearly all (96%) shoppers are heavily focused on finding holiday inspiration in October and November, and 70% are drawn to deal sites for holiday inspiration and gift-giving ideas, according to the survey of 1,000 adult U.S. consumers from RetailMeNot.
Respondents stated that their top three inspirational holiday purchase sources are:
- Friends and family: 55%
- In-store displays: 46%
- Retail sites and apps: 45%
In addition, half of respondents say they have added an item to their shopping plans due to an influencer recommendation, and 44% say they will purchase a product endorsed by an influencer during the 2023 holiday season.
The survey also indicates that deal sites will have a large effect on holiday purchases, as 85% of respondents say they are willing to try new brands or products with an “irresistible “deal. In addition:
- Seven in 10 (69%) respondents are more likely to make a purchase if there is a cash back offer.
- More than eight in 10 (82%) respondents search for savings opportunities before making a purchase.
- Two in three respondents compare prices between at least two retailers before making a purchase.
- Two in three respondents complete a purchase once they have secured a deal/offer.
- One-third of respondents utilize aggregator sites and apps during their holiday purchase research.
[Read more: Shoppers plan to hunt for deals this holiday season]
Holiday shoppers get an early start
In total, 83% of respondents plan to get started on their holiday shopping before Thanksgiving in 2023:
- August or earlier: 15%
- September: 20%
- October: 29%
- November (before Thanksgiving): 19%
- November (Black Friday and on): 13%
- December: 5%
Top reasonings for early spending include:
- To spread out their budget/space out purchases: 60%
- To make sure everything arrives on time: 51%
- To avoid items being sold out: 45%
Price tops stress sources
The top holiday shopping stressors for 2023 include:
- Increasing prices: 52%
- Large crowds in stores: 48%
- Fitting everything into my budget: 46%
- Products being out of stock: 41%
- Not knowing what to buy: 36%
- Delivery delays/getting everything in time for the holidays: 33%
- Finding the best deals: 31%
- Uncertainty about my economic situation: 31%
- Not knowing if products will be good quality: 21%
- Finding the time to shop: 20%
- Returning unwanted items: 16%
- Oversaturated/too-early holiday advertising: 15%
Top fall and winter shopping occasions
Which fall and winter occasions are people shopping for? The survey shows:
- Christmas: 90%
- Thanksgiving: 70%
- Halloween: 59%
- Cold weather purchases: 43%
- Self-gifts: 39%
- New Year’s Eve: 35%
- Fall and winter decor: 35%
- Holiday party outfits and accessories: 25%
- Fall sporting events: 16%
Ziff Davis conducted a survey of 1,000 U.S. adults (18-plus) who are retail shoppers on behalf of RetailMeNot in July 2023.