Understanding consumerism isn’t a simple task, as it’s impacted by external influences. To fully grasp the concept, it’s essential to define consumer culture.
5WPR’s Annual Consumer Culture Report, with its latest installment revealing consumer behaviors for the upcoming year, strives to unveil the changing landscape of U.S. consumer spending, shopper motivations, and priorities, as well as the content and experiences that impact them to spend. By uncovering spending trends and providing actionable insights, this research allows brands to form effective strategies based on real results.
Understanding Consumer Spending
To remain competitive, it’s crucial to have a deep understanding of consumer spending:
Informed Decision Making:
Consumer spending data allows brands to make informed decisions regarding product development, marketing tactics, pricing strategies, and more.
Targeted Marketing:
Knowledge of spending habits allows brands to personalize and target their marketing efforts to meet shoppers exactly where they are. From e-commerce to in-store, detailed data allows us to pinpoint who is spending where and how to target them.
Media Relations & Digital Submissions:
Insights into consumer spending trends help us to target, create and secure media coverage and digital opportunities that compel consumers to engage with a brand.
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Consumer Spending Trends
Trends change year to year. Our annual reports help to shape the full picture and anticipate next year’s consumer culture.
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Our insights go beyond consumer spending trends. Check out more of our research: