Monday
Jan042010
Monday, January 4, 2010 at 11:30AM OnBiz Predictions for 2010, Part I: Consumer trends in 2010
First prediction: A week ahead of trends on keithmurrayONBIZ.
ON BIZ begins the New Year with a "predictions week" that will look at what experts see for the immediate future. Today some signals on the consumer front with a look at three areas including weddings, restaurants, and recalls.
It appears that the economic slow-down has created a coming wake of trends exemplified by these categories that could well be true for others...
- Pent-up demand for post-poned purchases [in the case of today's clip, weddings]
- Down-sized price tags and expectation for smalled outlays [events, dining out]
- More wholesome, authentic products [locally produced goods, healthier offerings]
- Continuing expectation of safe and defect-free products [increased number of recalls]
- More attention to products tailored to children
Tomorrow: A look at social trends in 2010.
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Reader Comments (2)
I love the idea of a predictions week! Welcome back and happy new year, Keith!
Hi Dr Murray,
Happy New Year! I have enjoyed reading up on the Consumer Trends and it got me to find this link from Nielsen & Co on their top Consumer Spending Trends for 2010 with regard to retailers.
Great post!
Erin
http://www.csnews.com/csn/search/article_display.jsp?vnu_content_id=1004054369