Las Vegas, NV (PRWEB) November 26, 2012
The Consumer Expectation Index was recently released by Experian Marketing Services. Report shows a large increase in consumer confidence. Teen industry expert discusses what this may mean for teen shoppers, Discount Retail Store Services reports.
A comprehensive report by Experian Marketing Services shows that consumer confidence is the highest it’s been since before 2008 in a number of areas. The study is a snapshot of data collected throughout the year. Some of the areas of particular improvement include a 5% increase the number of people expected to refinance a home over last year, the largest number of consumers planning to buy a home and buy or lease a car since before 2008, and online shopping is up 2% from last year.
“The figures are pointing to increased optimism as we head into the 2012 holiday season,” Bill Trancer, general manager of global research for Experian Marketing, stated. The CEI (Consumer Expectation Index) peaks during the holidays, and numbers leading up to the season are a good sign that retailers might do very well.
The teen industry may in some instances be isolated from the greater economy, but even spending in that area had been shifted if not decreased during the recession. As we are coming out of the recession it is believed that stores targeting teens will begin seeing increased revenue as well, “As for the holiday season, we expect it to be bigger for teens than in previous years as well. Teens usually don’t spend as much on other people as adults, they might by something for a parent or sibling, but they will also buy something for themselves at a store that caters to that demographic. Stores during this season also see an influx of parents who normally may not come into a teen store, as they search for gift ideas. That’s where the increases come from this season and we’re looking forward to it.” Terrance Teo is General Manager of Teen Store Developers, the largest developer of independent teen stores in North America. During the recession he noted that teen shopping did not necessarily decrease to a great degree, but teens did tend to focus more on deals and discounts. He expects this to continue into the future.
Teen Store Developers is an independent, non-franchise developer of stores for teenagers. They specialize in all areas of teen store business development including financing assistance (up to 100% plus working capital), site location, lease negotiation, business and store operation training, complete store build-out, a network of wholesale suppliers, and ongoing support for the life of the business.
Discount Retail Store Services is an independent business development company that offers turn-key business start-up opportunities across six proven business models including Dollar Stores, Clothing Stores, Mail Box Stores, Teen Stores, Party Stores, and Fitness Centers. DRSS is not a franchise operation. Upcoming news about DRSS can be found on their Facebook Page.