Consumers Seek Value Amid Inflation and High Interest Rates

  • Consumers prioritize value/cost/budget during the holiday season
  • 29% of shoppers are concerned about cost
  • 14% focus on buying the right gifts
  • 11% prioritize on-time deliveries
  • 9% consider product quality
  • Retailers can encourage more purchases with free shipping and relevant offers
  • Deloitte predicts slower holiday sales growth this year

A recent survey by Coveo reveals that budget-conscious consumers prioritize value/cost/budget as their biggest concern during the holiday shopping season. Other factors include buying the right gifts, on-time deliveries, and product quality. Retailers can persuade customers to add more items to their online orders with free shipping offers and relevant recommendations. Deloitte predicts slower growth in holiday sales this year due to inflation and high interest rates.

Factuality Level: 8
Factuality Justification: The article provides relevant information about consumer concerns during the holiday season, including pricing, value/cost/budget, buying gifts, on-time deliveries, product quality, and factors that can persuade consumers to buy more items. It also includes statistics from surveys conducted by Coveo and Bankrate. The article also mentions Deloitte’s prediction of slower holiday sales growth due to high interest rates and inflation. The information is accurate and objective without any clear signs of sensationalism or personal perspective.
Noise Level: 2
Noise Justification: The article provides relevant information about consumer preferences during the holiday season and factors that influence their purchasing decisions. It also mentions a prediction of slower growth in holiday sales due to economic conditions. However, it lacks in-depth analysis or exploration of long-term trends or consequences of these factors.
Financial Relevance: Yes
Financial Markets Impacted: Retail industry, Deloitte’s holiday sales projection impacted
Financial Rating Justification: The article discusses the factors affecting consumer behavior during the holiday shopping season, including pricing and delivery, which can impact retailers’ sales. It also mentions a slowdown in holiday sales growth as predicted by Deloitte, affecting the retail industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.

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