More than half of young Americans plan to shop online on Valentine's Day! Check out the hot sales trends

More than half of young Americans plan to shop online on Valentine's Day! Check out the hot sales trends

According to a study by Numerator, young people will be the main force of online shopping consumption on Valentine's Day this year, among which millennials are the most likely generation to spend more than $200 during the holiday.


The study also found that nearly half of U.S. consumers (48%) will shop online on Valentine's Day, with Generation Z, Millennials and Generation X more likely than Baby Boomers to shop online on Valentine's Day. More than half of young consumers plan to shop online, while consumers aged 55-64 and consumers aged 65 and over account for 36% and 29%, respectively.


U.S. consumers also plan to give loved ones candy (62%), cards (59%), food (52%), flowers (28%), alcoholic beverages (23%), clothing (15%), spa products (11%) and jewelry (10%) this Valentine’s Day.


The study found that Gen Z and younger millennial consumers are 49% more likely to buy experiential gifts (e.g., concert tickets, travel), 29% more likely to buy alcohol, 23% more likely to buy clothing, and 15% more likely to buy spa products. On the other hand, younger generations are 17% less likely to buy Valentine’s Day cards.


The study also found that traditional Valentine's Day gifts are declining year-over-year among consumers, with electronics, accessories and jewelry seeing the biggest declines for the second year in a row, while alcohol and food gifts have increased in popularity. Flowers remain a steady decline as the preferred Valentine's Day gift.


Notably, Gen Z consumers are the group most likely to say they will increase their candy purchases for Valentine’s Day this year, with 32% planning to buy more candy than they did on Valentine’s Day 2021 and 13% planning to buy even more candy.


Half of the respondents expect price increases to have a slight impact on their Valentine's Day shopping, while 24% expect a significant impact. To cope with rising prices, 43% of consumers plan to look for promotions and coupons, 32% plan to shop at different retailers, and 24% say they will buy less this year.


Editor ✎ Xiao Zhu/

Disclaimer: This article is copyrighted and may not be reproduced without permission.

<<:  The top 10 most downloaded apps in the United States in 2021 are revealed! TikTok ranks first!

>>:  DHL Supply Chain to invest $400 million to expand U.S. pharmaceutical and medical device distribution network

Recommend

Americans tighten their belts for the holiday season? Daily necessities become the dark horse category

<span data-docs-delta="[[20,"美国人勒紧裤腰带过假期销售...

What is Alipay? Alipay Review

Alipay (China) Network Technology Co., Ltd. was es...

What is Vsuyi Supply Chain? Vsuyi Supply Chain Review

Guangdong Weisuyi Supply Chain Management Co., Ltd...

What is NXcloud? NXcloud Review

NXcloud is a cloud communications company that spe...

What is eBay? eBay Review

eBay is an online auction and shopping website tha...

What is Indiegogo? Indiegogo Review

Indiegogo was one of the first websites to offer c...

What is Trademark Search? Trademark Search Review

Trademark search means that when registering a bra...