Recent recession articles

Posted Dec 19, 2008

According to Nielsen, discretionary shopping trips continued to decline dramatically in November, as consumers shifted purchases online and to value-oriented retailers.
Overall in November, trips to retailers declined by 2.9% from the previous year.
Retail Channel Trends
Toy stores, electronics stores, and department stores saw the most dramatic declines in the number of shopping trips last month vs. a year ago.  Trips to toy stores dropped by 23%, trips to electronics stores were down by 21%, and trips to department stores fell by 17%, Nielsen reported.
Retail channels offering low prices and strong value …

[read more]
Posted Dec 10, 2008

In October, as global financial markets plunged amid multiple bank bailouts, U.S. consumers showed marked caution at the cash register, focusing their purchases at food, drug, and mass merchandiser stores on basic necessities: food, medicines, and other household items.
Edible essentials, like bread, milk, cheese, and fresh produce, were among the top retail categories for October, according to Nielsen. 
Discretionary items like carbonated beverages, candy, and snacks were also among the top sellers in October — but most of these categories showed year-over-year unit and dollar sales declines.
Top Categories: October 2008 (Dollar Sales: Food/Drug/Mass Merchandiser Sales)

Rank
(by 2008 Dollar Sales)
Top Food/Drug/Mass Merchandiser Sales Categories
(October 2008)
Dollar Sales:
4 …

[read more]
Posted Dec 5, 2008

With less money to spend, consumers will undoubtedly be spending more time at home in 2009.
Already this year, Nielsen witnessed significant year-over-year (ending September 2008) growth in online activities with increases in time spent daily on videos (+46%), blogs (+20%), and e-commerce sites (+17%).
Expect this trend to continue, as well as increases in newer in-home entertainment options such as video vending.
But don’t expect more time spent at home to trigger increased book sales.
Technology-driven gadgets, gizmos, and games will dominate spare-time activities, while U.S. book sales will remain essentially flat, with …

[read more]
Posted Nov 26, 2008

As the world grapples with a global recession and financial markets remain volatile, many people are reminding themselves that money can’t buy happiness. Men however, beg to differ.
Results of a global happiness survey from The Nielsen Company reveal that men are happier with money, while women are happier with friendships and relationships with their children, co-workers and bosses.
“Because they are happier with non-economic factors, women’s happiness is more recession-proof, which might explain why women around the world are happier in general than men are,” said Bruce Paul, VP Consumer Research, …

[read more]
Posted Nov 10, 2008

Most U.S. consumers (86%) believe the country is currently in a recession, and more than half (54%) believe it will last longer than 12 months, Nielsen reported Monday.
The findings come from Nielsen’s Global Online Consumer Survey, conducted in 52 markets worldwide between September 22 and October 6, 2008.
Only 18% of respondents said they believe the recession will be over within a year.  Younger survey participants (ages 25 to 29) expressed the least amount of confidence, with just 6% saying the recession would be over within 12 months.  Older respondents (ages 65 and older) were …

[read more]
Posted Oct 29, 2008

Most global consumers agree that their countries have hit recession, but opinion on how long the recession will last remains mixed, Nielsen reported Wednesday.
While 53% of those surveyed by Nielsen think their country has hit a prolonged recession that will last more than 12 months, 18% of consumers, concentrated in a handful of emerging markets, like India, Vietnam, China, and Russia, told Nielsen they expect their countries to be out of recession within the next 12 months.
In contrast, consumers in Japan, Germany, Argentina, Mexico, Turkey, Italy, Taiwan, the U.S., and Spain were the …

[read more]
Posted Jun 27, 2008

BCS reports that American consumers are increasingly turning to social networks to share their woes over the continuing economic downturn, according to a recent Nielsen Online study.  The study mapped the trends of worries voiced by U.S. citizens while they are chatting online.
The study also showed that rising fuel costs and the increasing price of food has led some of the U.S. population to go online to share their saving tips with others.

[read more]
Posted Jun 24, 2008

Tough economic times have forced Americans to reduce their gasoline consumption and curtail spending sprees at the grocery store.
But despite that, Americans are avidly consuming candy, Nielsen analysts told the Associated Press . Recent consumer research by Nielsen found that candy is one of a handful of discretionary items that remain virtually recession-proof. ” A dollar candy bar treat in the face of filling up the gas tank for nearly $100 can be a powerful psychological motivator,” James Russo, vice president of marketing, Nielsen, told the Associated Press.
For more detail on recession-proof and recession-vulnerable products, …

[read more]
Posted Jun 20, 2008

Consumer confidence has fallen to its lowest level in several years, according to the Nielsen Global Consumer Confidence Index, the definitive gauge of consumer sentiment around economic and social concerns across 51 countries.
 
Nielsen’s Global Report on Consumer Confidence, Concerns, Spending and Attitudes to Recession

[read more]