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Nielsen unveils consumer shopping intentions for 2011 holiday season

BY Allison Cerra

SCHAUMBURG, Ill. — More than half of consumers plan to spend $500 or less this holiday season, according to Nielsen’s fourth annual holiday shopping sales survey.

Polling 25,000 U.S. households, about 52% of respondents reported plans to spend $500 or less. To save money, 40% of consumers reported plans to use coupons, while 20% of consumers already have started shopping.

What’s more, Nielsen said, when it comes to spending more this holiday season, affluent households will lead the way with modest increases in spending; although across all income levels, a mere 5% said they plan on spending more this holiday season, versus last year.

Big retail winners this holiday season, Nielsen projected, include online, club, dollar, toy and consumer electronics, as well as the following categories: gift cards, technology, vacations and toys.

“Nielsen expects the vast majority of consumers to be increasingly practical and focused on value this season,” Nielsen VP global consumer insights James Russo said. “More affluent consumers will drive spending, particularly in entertainment, vacations, toys and technology. This is a year to market early. Consumers are planning, creating lists and collecting coupons.”

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RyanNoslin says:
Mar-07-2012 12:51 am

Celebration for the holiday season makes lot of people use this as an excuse to go out and celebrate with their friends. But as theyr are preparing for this year’s holidays, many of them are making sure they have the cash they will be needing. Spending on holidays is already becoming a tradition though many are making ways to cut off some expenses and save money.

g.bach says:
Nov-10-2011 11:48 pm

Local pharmacies are sometimes the only source of goods in the community. These shops could be easy, but they are expensive. Actually, purchasing at these shops could be twice as expensive.

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Mylan, NCPA herald GPhA generic savings report

BY Alaric DeArment

PITTSBURGH — A report commissioned by the Generic Pharmaceutical Association has drawn applause from manufacturers and a retail pharmacy industry group.

Generic drug maker Mylan, a member of the GPhA, praised the report, conducted by market research firm IMS Health, showing that the use of generic prescription drugs saved consumers, patients and healthcare providers more than $931 billion over the last decade.

"Expanded use of generic drugs is one of the most effective ways to reduce healthcare costs," Mylan president Heather Bresch said. "It’s also one of the only universally agreed upon solutions to concerns related to healthcare expenditures. With 1-in-every-11 prescriptions dispensed in the [United States] being a Mylan product, we are proud to do our part in helping to reduce costs for consumers, payers and the U.S. healthcare system."

The National Community Pharmacists Association heralded the report as well. “Increasing the appropriate use of generic drugs is the fastest, most effective way to reduce prescription drug costs, and independent community pharmacists are helping to lead the way," NCPA EVP and CEO B. Douglas Hoey said. "The 2011 NCPA Digest, which is a snapshot of the
community pharmacy industry in 2010, indicates that local pharmacists dispensed generic drugs more often than ever — 72% of the time, up from 69% in 2009."

 


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American Medical ID broadens reach with added distribution

BY Allison Cerra

HOUSTON — American Medical ID has expanded its reach by offering its medical identification bracelets and necklaces at three major drug stores.

The company said that beginning this month, its products now are available at 5,800 CVS locations, 7,200 Walgreens locations and 4,800 Rite Aid locations.

“It is wonderful to be working with these leading retail pharmacies who have a strong commitment to helping their customers stay healthy. They understand the importance and need for medical IDs and strive to make these life saving tools more accessible for their customers,” American Medical ID president and CEO Rick Russell said.


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