Nielsen today unveiled the Economic Current, a monthly study that will track key consumer and retailing trends on a global, regional and country-wide basis. Using the vast amount of consumer data collected by Nielsen, the Economic Current will serve as a centralized source of information on key consumer topics such as:
• Market Index volume, in terms of unit and country currency change
• Retail channel shifting
• Shopping frequency and spending trends
• Overall consumer confidence
“Nielsen collects and analyzes data on tens of thousands of products around the world. As we were thinking of new …

On Monday February 9, 2009 President Barack Obama held his first prime time news conference. The conference was telecast live from 8 to 9PM on 8 networks achieving a combined 30.8 household rating with 49,455,133 viewers. The networks were ABC, CBS, FOX, NBC, Univision, CNN, Fox News Channel and MSNBC.
Just weeks after his inauguration in 1993 President Bill Clinton also held a prime time news conference. That event focused on the economy and was carried by 4 networks on February 15, 1993. The sum of the …

As consumers work hard to make their money go further, stores are feeling a hit.  But supercenters are actually benefiting.  Nielsen’s analysis of 2008 unit sales shows that nearly every department in supercenters showed growth, including dairy, dry grocery and prescription drugs.  In fact, the supercenter channel was the only retail channel to post overall unit sales growth, albeit a modest one percent.
“Mass merchandisers and grocery stores are feeling the impact of the supercenter,” said Todd Hale, senior vice president, Consumer & Shopper Insights for Nielsen.  “While the grocery channel …

Alex Burmaster
This article was originally featured in New Media Age Magazine.
The downturn in the economy has effectively rebooted the growth of the internet in terms of the time people spend online and the number of sites they visit. Over the first nine months of the year, people weren’t spending more time online than they did in the corresponding nine months the previous year. The average year-on-year growth each month, in terms of average time online per person, was just 1%.
Between March and June 2008, people actually averaged less time online …

It’s no secret that consumers nationwide have been forced to alter their behavior and spending patterns due to the weak economy in 2008. But, specifically, just how are they coping?
Based on its extensive research in the Consumer Packaged Goods and Entertainment categories, The Nielsen Company has some answers.
The New Mantra: If You Can’t Eat It… You Don’t Need It

Consumers are relying more and more on food staples and “value” items such as rice, noodles, and pasta, which dominated Nielsen’s list of the fastest-growing categories in 2008.
Dollar sales vs. a year …

Nielsen Online’s latest Automotive Industry Overview shows that gas prices and the economy were key topics of online discussion in 2008. More than one million messages focused on gas, as consumers discussed strategies for dealing with a $4 per gallon price tag. The financial crisis and its impact on the big three automakers also fueled conversation, as consumers began looking into more fuel-efficient vehicles. Though alternative fuel/hybrid vehicles like the Toyota Prius, Chevy Volt and Ford Fusion hybrid generated substantial buzz in 2008, high MPG was only one hot …

The column below, by Tom Pirovano, Nielsen, was recently published in Nielsen’s “Consumer Insight” online newsletter.
1. Take higher margins in less price-sensitive categories
Ranking categories based on purchase frequency is a fast and inexpensive way of identifying categories that are least sensitive to higher pricing.  Shoppers are less likely to remember pricing on products purchased only once or twice per year. For higher-priced products, however, shoppers are more likely to shop around for the best deal.
2. Lower the thermostat in stores this winter
Your customers will be wearing coats anyway.  This will …

As the economy worsened in 2008, U.S. consumers cut discretionary spending — and shifted basic purchases to value-oriented brands and retailers.  Dollar stores and private label brands saw gains — but many other retailers and manufacturers suffered through dramatic declines.
Is the outlook any brighter for the new year?  Food marketing expert Phil Lempert, of SupermarketGuru.com, offers his take on what consumers and retailers can expect in 2009.
Nielsen Wire: How did consumer habits change in 2008 — and how should retailers adjust?
Phil Lempert:
In 2008 shoppers used more coupons, bought more store …

In November, almost one-third (30.6%) of all visitors to ProFlowers.com made a purchase — the highest conversion percentage among all retail websites, according to Nielsen.
Metrostyle (23.6% conversion rate), QVC (21.6% conversion rate), Office Depot (21.6% conversion rate), L.L. Bean (21.5% conversion rate), Tickets.com (20.1% conversion rate), Blair.com (18.9% conversion rate), Lands End (18.4% conversion rate), 1800flowers.com (17.8% conversion rate), and The Sportsman’s Guide (16.8% conversion rate) rounded out the top ten.
Top online retailers in ten key product categories, ranked by purchases and customer numbers in November, are below.

The column below, by John Burbank, CEO, Nielsen Online, was recently published in Adweek.
Want a firsthand lesson in the health of the Internet? Ask a friend a simple question: “What’s your favorite online ad?”
Chances are they’ll have a tough time giving an answer. Some may mention a dancing girl seducing you to refinance a mortgage; others may bring up one of the online executions of the Mac vs. PC television campaign.
But many people cannot recall any online advertising, despite all the time each of us spends on the Web and …