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For Greeting Card and Stationery Marketers, Manufacturers, Retailers, Advertising Agencies, Investors and the Press....
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Stevens, PA December 7, 2007 -- With gas over $3 per gallon and heating oil prices through the roof, housing values down and consumer confidence falling like a ton of bricks, the Christmas shopping season is looking pretty bleak for many retailers.
"Despite the extra week shoppers get between Thanksgiving and Christmas this year, we don't expect spending on gifts to rise much, if at all, this year," Pam Danziger, president of Unity Marketing and author of Shopping: Why We Love it and How Retailers Can Create the Ultimate Consumer Experience. "This year shoppers are looking for ways to economize. One way budget-conscious consumers can deliver holiday best wishes without breaking the bank is by sending Christmas cards instead of gifts."
This year could turn the tables on a recent trend in cutting back on giving Christmas greeting cards, Danziger predicts based upon the findings of a new Unity Marketing survey on the greeting card and stationery markets. Unity Marketing's research found that in 2006 the market for greeting cards made a big comeback after four years of steadily declining sales, rising over 11 percent from 2004 to 2006 to reach $10 billion.
"For years the market for Christmas cards have been on the decline. But this year may reverse that trend. Some 14 percent of greeting card and stationery consumers expect to send more Christmas cards this holiday season. Many shoppers feeling a financial pinch may well return to the tradition of sending Christmas cards and forego more elaborate presents for some on their lists." She notes that middle-income consumers, those with incomes $50,000 to $74,000, are the most likely to send more Christmas greetings this year.
“Retailers uncertain about the holiday season may want to move their Christmas card displays front and center. For those consumers nervous about crossing Aunt Esther off their gift list due to budget tightening, a greeting card may be the ideal way to preserve the holiday spirit,” Danziger says.
This new report examines the $37.4 billion stationery industry. It provides the latest statistics on the growth and sales in the stationery market, including details by channel of distribution and product category, specifically:
Based upon both qualitative and quantitative research methodologies, the study reports findings from the latest in-depth survey of 1,205 recent stationery buyers (65 percent female/35 percent male; average age 41.9 years; average household income $63,600) and compares it with the results of a similar survey conducted in 2005.
With a focus on consumers, their buying behavior, needs, desires and preferences, this research study includes research data and statistics about:
Stationery Goods Market Size and Growth: What is the size of the overall stationery goods market, as well as the six key product segments (e.g. greeting cards, social stationery, custom-printed cards and stationery, gift wrap and party goods, paper crafting products and other stationery products) and how rapidly is it growing? How is the stationery goods market segmented by type of product?
Demographics of the Stationery Goods Market: What are the demographic characteristics of people who buy stationery goods products? How is stationery goods buying behavior influenced by demographic segments (e.g., gender, age, household income (HHI), size, composition, ethnicity/race, education, etc.)?
Stationery Goods Buying Behavior: What are the primary characteristics of the consumers’ buying behavior related to stationery goods in general and the four product segments (e.g. greeting cards, social stationery, custom printed stationary and cards, gift wrap and party goods, paper crafting products and other stationery products) in particular? Why do they buy these goods and how do consumers’ motivations different by product category segment? Where do they shop for the different types of stationery products; what factors influence their decision making; how much do they spend buying each of the stationery goods product segments and across the entire stationery goods category; what is the role of brand in stationery goods product selections and shopping choices? How do different demographic segments differ in their shopping and buying behavior?
Psychographic Profile and Segmentation of the Greeting Card Markets: A psychographic profile of the greeting card buyers is developed in this report. The profiles identify four different types or personalities of consumers of greeting card. These profiles identify different drives and motivations found among consumers in purchasing greeting cards; what factors are more or less important in driving greeting card purchasing decisions; and how can greeting card marketers and retailers better understand the hearts and minds of their consumers. In essence, we discover 'why people buy greeting cards.'
Included in this report are:
For Press: Charts, tables and graphs are available upon request
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