Port Washington, NY (Vocus) November 22, 2010
Market research company, The NPD Group, Inc.’s, ninth annual survey of consumers’ holiday spending intentions takes a look at the gift card phenomenon.
Thirty-four percent of consumers tell NPD that they plan to purchase gift cards this holiday. Of those consumers saying they plan to purchase gift cards, more females (39 percent) than males (30 percent) say they are going to purchase them.
The study also asked how respondents feel about giving a gift versus giving a gift card. Thirty percent of total survey respondents say that they feel it is nicer to give a gift than a gift card. Here, again a larger percent of females (38 percent) say a gift is nicer. Looking through the generations, more 25 to 34 year olds and 55 to 64 year olds, 37 and 40 percent respectively, said that giving a gift is nicer.
Is the availability of gift cards influential in a consumers’ decision to shop a particular store? Twenty-two percent of females say their availability is influential and 27 percent of 65+ year olds say their availability is influential.
Marshal Cohen, chief industry analyst, The NPD Group, Inc., says that gift cards will be even more important this year, particularly given the absence of new and exciting gift items. Click for more
Source: The NPD Holiday Survey of Consumer Purchase Intentions was fielded to members of NPD's online consumer panel from September 7th to September 15th, 2010. The survey was fielded to a U.S. representative sample; the findings presented here represent 2003 completed surveys. NPD maintains an online panel of nearly 2 million consumers that tell us about their shopping habits.
About The NPD Group, Inc.
The NPD Group is the leading provider of reliable and comprehensive consumer and retail information for a wide range of industries. Today, more than 1,800 manufacturers, retailers, and service companies rely on NPD to help them drive critical business decisions at the global, national, and local market levels. NPD helps our clients to identify new business opportunities and guide product development, marketing, sales, merchandising, and other functions. Information is available for the following industry sectors: automotive, beauty, commercial technology, consumer technology, entertainment, fashion, food and beverage, foodservice, home, office supplies, software, sports, toys, and wireless. For more information, visit http://www.npd.com/ , or follow us on Twitter at twitter.com/marshalcohen] and twitter.com/npdfashion. Become a fan of Marshal Cohen at http://www.facebook.com/npdmarshalcohen and watch more on NPD’s YouTube channel.
The NPD Group, Inc.