Holiday 2017 vs. Holiday 2016: Apples to Apples, or Apples to Oranges?
Marshal Cohen, Chief Industry Advisor ;
Retail
Every year we talk about how the upcoming holiday season will compare to the prior, but sometimes that isn’t the best comparison to make.
Understanding how the 2017 holiday season will measure up against the 2015 shopping season is potentially more accurate than looking at the 2016 season. The reason is that last year was an election year, which historically has a greater impact on the holiday shopping season. Election-year distraction goes deeper than other factors.
NPD’s latest Holiday Purchase Intentions survey shows that although the anticipated 2017 holiday spending is relatively equal to the 2016 holiday season, it is even closer to the 2015 season. While the shifts are slight, the good news is that regardless of the basis for comparison, the shifts are favorable.
Holiday 2016’s actual sales results were up less than two percent vs. 2015. As a result of the lack of election noise impacting shopping behavior, Holiday 2017 should be more in line with 2015, where we saw 3.2 percent sales growth.
While there are always external factors occurring that may be a distraction from holiday shopping, one holiday season is not like the last. We need to be aware of the bigger factors influencing consumer mindset, and ultimately consumer spending behavior to truly understand the consumer’s psyche heading into this important shopping season.
*Source: The NPD Group, Inc. / 2017 Holiday Purchase Intentions Study
Related Blog Posts
Tracking the Retail Rebound
Quarterly earnings are on the rise at Target, Walmart, Macy’s, Kohls, Nordstrom and other major retailers. Here's why that is -- and how they can make the rebound continue.
Demystifying Prime Day
In anticipation of Prime Day 2018, NPD's Marshal Cohen and Stephen Baker review industry analysis on the event’s past performance discuss its potential.
Sneakernomics: State of the Outdoor Retail Industry
On the heels of the Outdoor Retailer show, Matt Powell outlines the in-store and online performance of the U.S. outdoor industry stepping into 2018, across apparel, footwear and equipment.
2018 Could Be a Rocky Road for Retail
Everyone wrote retail off during Holiday 2017, but the consumer was resilient and the economy keeps chugging along.
Trending Articles
- Blended Retail Shopping is Heating Up the Holidays, NPD Says
- The best phone you cannot (easily) buy
- Aging U.S. Consumers Slow Down Food And Beverage Consumption Making It A Battle for Market Share
- The Open Office Trend – Peter Gibbons Was a Genius
- Nearly Half of U.S. Smartphone Owners Report Shopping on Their Device
- Unlocked Smartphone Users Are Spending More and Upgrading Less