With the nation seemingly emerging from recession, American consumers remain skittish about spending their money during this upcoming holiday season.

Consumers around the world have cut back on a range of discretionary purchases to conserve cash.  One area where some Canadians have reduced spending is non-prescription medications, with a quarter of those surveyed changing their buying habits in this category, according to a recent report from The Nielsen Company.  Steps Canadians are taking include using over-the-counter (OTC) meds less frequently (26%), using less than the recommended dosage (13%), buying smaller quantities (10%) or cutting them out altogether (4%). 
As a whole, Canadians are more likely to wait out minor illnesses and …

The notion that the global economy may be on the verge of recovery has not yet translated into improved consumer spending or confidence, although consumers in the emerging countries – Brazil, India and China – seem to be more optimistic than others and are loosening their purse strings ever so slightly, according to the new edition of the Nielsen Economic Current.  Of the 12 countries Nielsen now tracks, all but Taiwan (which declined) showed no significant change in measures of spending.  Canadian, Western European and American spending was, at best, …

Canadians are feeling better about the state of the economy, and are some of the most optimistic globally, according to Nielsen’s Global Consumer Confidence Survey.  Confidence in Canada rose 6 points – above the global average and well above confidence levels in the U.S. (where confidence continues to be flat).  This renewed feeling of confidence seems well placed in light of a recent report from the Bank of Canada, released after Nielsen’s survey, which declared that the recession has ended in the country. 
“After nearly two years of downward trending, we …

For more than a year, the U.S. consumer hit by the recession has changed the way he or she shops: a focus on value for money has led to some dramatic shifts in behavior that some say will last far beyond the current economic environment.  With 80 percent of Americans saying they were stressed due to the economy, savvy retailers and consumer goods manufacturers have shifted their marketing to appeal to consumers watching their money more closely.  But have those ads been successful?  Nielsen IAG examined 67 such ads from …

Advertisers are aiming to reach the value-minded consumer with creative advertising executions that deliver recession-themed messaging.

The recession has prompted consumers around the world to re-evaluate what’s important to them.  Issues such as the economy, job security and other topics related to finances are top of mind for most people and, as a result, issues such as the environment have fallen.  In fact, the latest edition of Nielsen’s Global Online Survey covering more than 50 countries found that global warming dropped to 14th place on the list of “biggest and second biggest concerns.” That said, the issue remains important to citizens in many countries.  More than …

Update: Watch James Russo discuss back to school sales on CNBC’s “Closing Bell.” [ video - requires Windows Media Player]
The middle of summer marks the beginning of the Back to School (BTS) season, as parents and kids across the country start to prepare to return to class rooms in late August and early September.  The excitement of school starting isn’t just felt by the kids – retailers also look forward to the season, as it’s an incredibly important time for the $2.5 billion office/school supplies category.  Additionally, with the economy mired in a …

Consumers’ hopes for an end to the Global Economic Crisis have been bolstered in the 2nd Quarter 2009, according to a Nielsen Global Consumer Confidence Survey released today. The Nielsen Global Consumer Confidence Index, conducted in 28 markets in June 2009, rose to 82 – an increase of 5 points (from 77) from March 2009 – spurred by renewed consumer optimism and stock market gains in BRIC markets (Brazil, Russia, India, China) and key Asian countries. [See full graphic for complete details]

“In the previous Nielsen Global Consumer Confidence survey conducted …

Singaporeans have always been fond of saving their money. But the global financial meltdown has only added to the attractiveness of savings accounts, according to a new survey from The Nielsen Company.  Close to six in ten (57%) Singaporeans said that they are now saving spare cash at the expense of their investments and insurance, marking a slight increase from pre-crisis levels. 
But the biggest change has come from high-income households.  Prior to the crisis, about 40 percent said that they saved most of their money; now, 52 percent indicate that …