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Whether you’re a startup entrepreneur or tenured business owner, you’ll want to learn how to adjust to and take advantage of today’s changing marketplace.
Infographic: Consumer Trends Bring Opportunity for Small Businesses
July 29, 2021
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Shifting Shopping Trends Provide New Opportunities For Small Business Owners
Knowing how customers are shopping can help business owners to pivot and thrive
Consumers said their top priorities were:
- Affordability- 32%
- Health- 25%
- Planet- 16%
- Society- 15%
Customers are more willing to try new brands
- 73% of customers have tried a new shopping behavior
- 34% have tried a new shopping method (like curbside pickup)
- 33% have tried a different brand
- 29% have tried a different store or website
- 26% have tried a different label
- 22% have tried a new digital shopping method
Many industries have seen online sales growth
- Skincare and makeup has seen an 81% growth
- Jewelry has seen a 97% growth
- Food and takeout have seen a 96% growth
- Groceries has seen an 81% growth
Community matters to shoppers
Over 20% of shoppers plan to shop locally over the holidays or indicate that social justice causes, like Black Lives Matter, will impact which businesses receive their patronage this holiday season.
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