A regular review of interesting cultural shifts & marketing developments as viewed through the collective lens of the Stancombe Research + Planning Team

Tuesday, June 9, 2009

10 things consumers are doing in a recession

We all like top 10 lists...here is a good one from Influx insights

1. Food stays on the list, clothes and furniture don't
2. People are trading down to private label
3. People trading down the protein ladder from steak to ground beef, others moving from beef to chicken and others moving from protein to carbs
4. The home is the focal point- cheap take out pizza and movies is the new form of entertainment- people aren't going out and they are not cutting back on their entertainment tech. Sales of the more affordable flat screen are holding up
5. Vegetable gardens are booming
6. People are trying to stay healthy on their own with out resorting to experts- this means increased sales of vitamins and OTC medicines.
7. They need relief for these troubled times so they are buying more sleep aids, pain relievers and antacids
8. Home repair is on the increase
9. People are not buying new cars, they are repairing and maintaining the ones they have
10. Parents are not transitioning their kids between diapers and underwear with pull ups, instead they are going straight to underwear

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