SymphonyIRI: Shoppers scale back, seek best deals for holiday season
CHICAGO Shoppers are trimming their holiday-related purchases this season, according to new research by SymphonyIRI.
While shoppers aren’t completely halting their spending this year — according to the 1,000 consumers surveyed — the SymphonyIRI “Special Report: Holiday Shopping 2010” noted that more shoppers are more strategic this year by comparing prices of items online before making their purchasing decisions (nearly 75% of those surveyed). More consumers deliberately are reducing expenses by spending less on gifts and holiday celebration-related food and beverages, as 2010 will see an increase in the number of consumers who plan to budget no more than $199 this year on gift shopping — 23%, up eight points from 2009 (15%) and 12 points from 2008 (11%).
Many consumers indicated a strong willingness to search for the best price for their holiday celebration-related food and beverage needs this year. Similarly, for holiday celebration-related food and beverage purchases, 75% of shoppers will leverage Internet and e-mail coupons with the same or increased frequency, and just under half of shoppers plan to take better advantage of in-store promotions and newspaper/circular coupons, SymphonyIRI found. About one-third of consumers surveyed also said they likely will avoid purchasing unplanned holiday celebration-related food and beverages.
As far as where shoppers can be found this holiday season, SymphonyIRI found that one would have to look no further than such mass merchandisers and supercenters as Kmart and Walmart.
“The economy continues to transform, and with that, consumers are evolving,” said John McIndoe,SVP marketing at SymphonyIRI. “As a result, today’s retail environment is even more complex than we have seen historically. Through comprehensive and ongoing surveys, such as this newly released ‘Holiday Shopping 2010’ survey, SymphonyIRI is providing insightful information that reveals opportunities for CPG manufacturers and retailers to serve and satisfy consumers and secure ongoing shopper loyalty.”
Shire to acquire Movetis
DUBLIN Shareholders of Belgian drug maker Movetis have put up nearly all of their shares for sale as British drug maker Shire moves to acquire the company, Shire said Thursday.
Shire said 99.18% of Movetis’ shares had been tendered as of Monday.
Shire announced last month that it would buy Movetis for $567 million. The Turnhout, Belgium-based company makes gastroenterology drugs.
Melville’s a step in the right direction for CHPA
WHAT IT MEANS AND WHY IT’S IMPORTANT If there were just one word that captured the flavor of CHPA today, that word likely would be “collaborator.” Because under Linda Suydam’s tutelage, any issue addressed by CHPA never really felt like an “us” or “them,” but rather a confluence of issues and concerned stakeholders all flowing toward a singular, fair solution. With the naming of Scott Melville as CHPA’s next president, it seems the association may have a little more of the same to look forward to.
(THE NEWS: CHPA names new president. For the full story, click here)
Melville comes to CHPA as a veteran facilitator familiar with health care and, more importantly, the vital roles over-the-counter medicines and natural health solutions play in today’s healthcare system. As announced, Melville most recently served as SVP government affairs and general counsel for the Healthcare Distribution and Management Association and at one time had worked on the staff of Rep. Jerry Lewis, R-Calif., a member of Congress since 1978 and former chair of the House Appropriations Committee (Lewis served in that capacity from 2005 to 2007).
And at CHPA, Melville will have an opportunity to bring all of his decades of experience as an advocator in the healthcare sector to bear. After all, next year the first baby boomers will be celebrating their 65th birthdays. And as the largest generational demographic continues to contend with the wellness issues associated with old age, you can bet today’s healthcare model will be wholly transformed within the next decade. And that means CHPA will be in need of a steady hand at the helm to help frame tomorrow’s healthcare model if self care and affordable access to medicines are to remain a reality.
So in that respect, Drug Store News agrees with CHPA chairman Christopher DeWolf’s assessment that Melville’s “experience in public policy, coalition-building and working with government officials and key stakeholders will be invaluable in guiding the industry through the rapidly changing healthcare environment.”