Will Holidays be Naughty or Nice for Retailers? Consumers Dish on Shopping Plans

REDWOOD SHORES, Calif., Oct. 26, 2020 /PRNewswire/ -- While the pandemic has caused a surge in online shopping, a new Oracle Retail survey shows that many customers are ready to venture back into stores this holiday season. Nearly 20% of shoppers surveyed plan to do most of their shopping in-store with 47% planning to split purchases between online and brick-and-mortar shops. Still another 16% plan to make it as close as the parking lot, opting to retrieve orders curbside. And, despite the challenging year, 58% of consumers expect to spend the same or more on holiday shopping than they did last year.A 
Will Holidays be Naughty or Nice for Retailers? Consumers Dish on Shopping Plans
Customers don't, however, want to deal with the hassle of returns. While last year, 77% of consumers planned to make at least one return, this year that number dropped to 38%. "The holidays promise to test a retailer's ability to serve customers how and where they want to shop," said Mike Webster, senior vice president and general manager, Oracle Retail. "With customers shopping both online and in-store, and taking advantage of new retrieval options such as curbside pick-up and 'buy online pick up in-store,' retailers are going to have to be firing on all cylinders to meet customer expectations in an already difficult environment."The survey polled 5,143 consumers in the United States, United Kingdom, Australia, China, Brazil, Mexico, Italy, France, Germany and the United Arab Emirates in September 2020 about their COVID-19 shopping habits and plans for holiday shopping. Unwrap your complimentary copy of the report here.
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