SlideShare une entreprise Scribd logo
1  sur  11
Télécharger pour lire hors ligne
ThinkNow Snapshot:
Markers + Milestones
2018 Total Market
The uncertain economic outlook and
polarizing political climate that plagued
2018 marked a decline in consumer
sentiment causing it to lag behind previous
years, most notably among minorities.
Overall, just under half of consumers
anticipated a better year financially
heading into 2018. Among minority
communities, fewer African-Americans and
Hispanics anticipated a bump in household
finances in 2018 compared to 2017.
ECONOMIC CONCERNS
HOUSEHOLDFINANCES
OUTLOOK
About The Same As 2017
Worse Than 2017
Consumer Sentiment: Divided We Stand? 2
While the availability of jobs and rising prices are top concerns for consumers, only about 20%
of consumers report that their financial situation worsened due to employment status over
the past year. The biggest concerns, by demographic, include:
Better Than 2017
“Milestones” were the hallmark of 2018 as consumers weathered the highs and lows of another
eventful year in America. Snowboarding icon Shaun White shred major powder on the men’s halfpipe
to earn America it’s 100th Winter Olympics Gold Medal. African-American girls, clad in their Sunday
best, sipped tea to salute the first African-American woman to become British royalty. And most
recently, the midterm elections, coined the “most expensive” and “most watched” captivated the
country in an epic battle for congressional seats and equality.
Availability of Jobs
AFRICAN-
AMERICANS
Financial Market
ASIANS HISPANICS
Rising Prices
WHITES
National Budget Deficit
2017
2016
Hispanic
White
African-American
Asian
Hispanic
White
African-American
Asian
Hispanic
White
African-American
Asian
47% 45%
50% 56%
45% 44%
50% 63%
45% 47%
28% 29%
35% 42%
25% 21%
28% 39%
7% 8%
9% 9%
10% 8%
14% 7%
General sentiment across race and
ethnicity show that the U.S. economy is
growing, but slowly. That sentiment is
highest among Non-Hispanic Whites and
Asians, and lowest among African-
Americans. With perceived steady income
and higher employment, consumer
spending trended up during the record-
breaking 2017 holiday retail shopping
season, exceeding the National Retail
Federation’s forecasts by 5.5%.
But according to our 2018 retail study,
consumers plan to spend an average of
$506 on gifts this holiday season. That’s
about $70 less than last year’s average.
Non-Hispanic Whites, males, and
consumers ages 35-54, in general, plan to
spend the most.
Holiday Spending: Cautiously Optimistic 3
Avg.Consumer
HolidaySpending
in2018
$506
Holiday Spending: Cautiously Optimistic 4
ONLINE vs. IN-PERSON
African-
Americans
Asians Hispanics Whites
Smartphone usage is especially high for
Hispanics and African-Americans.
The likelihood to use smartphone for
holiday purchases declines with age.
Consumers are more likely to browse for gift ideas online than in-person. 
However, on average, consumers are as likely to buy gifts online or via mobile app this holiday as they
are to buy in-person. Hispanics, however, are most likely to buy gifts in person. 
Of shoppers purchasing online this year, most will use their smartphone to make purchases. Ninety
percent of American adults own a smartphone and more than half own a tablet.
TopReasonsForBrowsingOnlineSearchOnlineForGiftIdeas
27%
in 2017
31%
in 2018
BrowseForGiftIdeasAtStore
16%
in 2017
17%
in 2018
Easier/
Faster
55% 53% 50% 44% 42%
Better Prices No Crowds
or Lines
Can Take My
Time
More
Availability
of Products
Can See/
Touch Items
57%
No Waiting
on Delivery
Enjoy
Shopping
In-Person
In-Store Only
Discounts
50% 41% 30%
TopReasonsForBrowsingIn-Person
Online Holiday Shopping With Smartphone
Holiday Spending: Cautiously Optimistic
MOSTPOPULARGIFTIDEAS
Gift cards will be the single most popular item this
holiday season, followed closely by clothing, and toys.
Despite hefty advertising budgets and drastically low prices, only 2 in 10
consumers plan to purchase a voice-controlled product, like Alexa or
Echo Dot, this holiday season. Privacy concerns continue to plague mass
adoption among some consumers.
10MostPopularHolidayGiftsOf2018
Gift Cards
47% 42% 37% 29%
28%
26% 25% 25% 24% 23%
Clothing Toys Money Jewelry/
Watch
Electronics Sweet Food
Items
Books Video Games
Home
Accessories
5
Holiday Spending: Cautiously Optimistic 6
CLASHOFTITANS
This holiday shopping season is predicted
to be a real clash of the titans as Amazon
and Walmart, the two largest online
retailers, fight for the top spot in
the hearts and wallets of consumers. 
With Walmart investing more in its online
shopping platform and Amazon
continuing to invest in its brick-and-
mortar expansion, these retail giants are
battling it out online and in-store as both
retailers attempt to create desirable
experiences that attract and retain
consumers year-round, not just during the
holiday shopping rush. 
Former Toys R Us shoppers are in hot pursuit of a
retailer with the depth of selection and budget friendly
pricing as the now defunct toy retailer. Many shoppers
are looking to Wal-Mart.
Unlike last year, Walmart, by a small margin, topped
Amazon, as the top retail destination shoppers plan to
visit this holiday season. More consumers said they
would shop at Walmart and Kmart this year compared
to one year ago. Clearly, the close of Toys “R” Us is a
contributing factor to this.
vs.
Walmart Amazon
2018
62%
2017
64%
66%
55%
Consumer
Confidence
Consumer
Confidence
7
Mobile Apps:
Powered by Younger Consumers
Social networking apps, while popular, are not the top mobile apps used across all
demographics. Facebook, Instagram, and similar apps rank highly among teens and
millennials, but fall sharply in popularity among baby boomers. Among ethnicities,
Hispanics continue to over-index on social media use, driving daily use of the top social
media platforms. Within that demographic, younger Hispanics drive engagement. Mobile
apps for weather, search/maps, and news, on the other hand, rank most popular among
baby boomers than younger demographics. Gen X is more likely than other age groups
to use banking/finance apps.
Teens and Millennials use mobile apps significantly more than their older counter parts,
are more likely to download an app to share with others or to download an app for others
to use. People use their apps an average of 8 times per day with peak times between
6pm – 9pm.
Mobile device owners average nearly 30
total apps across devices and download
new mobile apps at least once a month.
Teens and Millennials are most active in
terms of downloading and deleting apps. 
Mobile-savvy consumers, particularly
Millennials and Gen Z, use a variety of
mobile apps for utility, entertainment,
and convenience.
Mobiledevice
SocialMedia
8
Mobile Apps:
Powered by Younger Consumers
Average # of Apps Across All Devices
27
0 25 50 75
Social Networking
Weather
Maps/Navigation/Search
Games
Music Streaming
Communication
Utilities
Shopping/Retail
Banking/Finance
Entertainment
News
71%
65%
63%
60%
56%
55%
41%
58%
41%
48%
53%
Language matters. About one third of adult Hispanic
device owners use Spanish language apps, most
popular among Spanish-dominant Hispanics. Among
all Hispanics, nearly 50% of all apps are mostly in
English.  Overall, 4 out of 10 mobile device owners say
that mobile apps are a very important part of their
lives. For teens, that percentage is 25 points higher.
Number of Times Access Apps/Day
8.3
Number of Times Teens Use Mobile Apps/Day9.4x
ellenguajeimporta
0255075100125
48%
31%
21%
Apps All/Most
in English
1/2 Apps in English/
1/2 in Spanish
Almost All Apps
in Spanish
MOST
POPULAR
(ALL DEMOGRAPHICS)
9
Media: The Demise of Live TV
Live TV viewing has dropped from 68% to 48%, a whopping 20-point decline across all
audiences according to this the 2018 ThinkNow Media report. African-Americans had
the largest percentage point decline in live TV viewing, a 22-point decline from 75% in
2017 to 53% in 2018.
While Millennials started the streaming trend, Baby Boomers and even Gen X are
catching up, watching significantly less programs when they air on network
TV. Boomers have experienced a decline in live TV viewing habits with a 21-point
decline compared to 2017. The survey found the switch to streaming will continue to
grow: 4 in 10 consumers predict they will stream most or all their TV shows online by
2020.
BoomersJoinCord-CuttingTrend
NetflixStill#1AmongHispanics
Seventy-one percent of Hispanics prefer watching TV programming through
Netflix compared to 59% of non- Hispanic whites, 63% of African-Americans and
55% of Asians. Additionally, 35% of Hispanics report they watch TV programming
most often using Netflix. Almost half (47%) of all consumers perceive streaming
as the future of television and a reason why they
prefer watching shows through streaming services.
LIVETV
Over 50% of all ad spend in the U.S. is driven by digital. For the first time, using ThinkNow
ConneKt, digital advertising spend was quantified by ethnicity and race in our 2018
Multicultural Digital Report and found that Latino and African-American consumers make
up 26.4% of total digital spend though they make up 35.5% of the total U.S. population.
Non-Latino Whites drove 65% of the digital spend.
DigitalAdSpend
10
Marketing Predictions for 2019
Hispanic and African-American consumers were most affected by the toxic
political climate and economic tension that plagued 2018, drastically skewing
their feelings toward their place in society. 
Asian and non-Hispanic white consumers, however, will likely stay optimistic,
but as wages among Hispanic and African-Americans stagnant and the political
sideshow continues to playout, we will see a further dip in consumer sentiment
among these key demographics leading to a slowdown in their purchase
behavior in 2019. 
With Walmart’s laser focus on improving their mobile and online-
shopping experience, more Hispanic and African-American consumers
will flock to the brick and mortar giant who is now more of a brick and
mobile giant.
Walmart’s understanding of the mobile-first nature of Hispanic and
African-American consumers and their efforts to double down on this
while Amazon invests in more moonshot ideas such as drone delivery
and cashier-less stores, will give them a clear advantage in 2019.  Next
year will be the year that Walmart beats out Amazon among
multicultural consumers.
WalmartBeatsAmazonThanksToHispanicand
African-AmericanConsumers.
NegativeConsumerSentimentAmongHispanicsandAfrican-
Americans WillIncrease.1
2
11
Marketing Predictions for 2019
3
Sounds contradictory but as content continues to become more fragmented,
consumers are searching for the variety cable provided without the cord. In
comes internet TV streaming services which provide access to all the major
networks without the major bill.
DirecTV Now and Sling, for example, have been experiencing year over year
growth. As they begin reaching out to multicultural consumers, this trend will
accelerate in 2019.
Cord-CuttingAcceleratesButCableCompanies
StartWinningAgain.
thinknowresearch.com
2100 W. Magnolia Blvd.,
Suite A/B
Burbank, CA 91506
Contacts
Roy Eduardo Kokoyachuk
Co-Founder-Principal
roy@thinknowresearch.com
t: (818) 843-0220 x102
Mario Xavier Carrasco
Co-Founder-Principal
mario@thinknowresearch.com
t: (818) 843-0220 Ext. 101
Sources:
ThinkNow Retail Report 2018
ThinkNow Mobile Apps Trends Report 2018
ThinkNow Media Report 2018
Multicultural Digital Report 2018 (partnership with The Center for Multicultural Science and MAGNA)

Contenu connexe

Plus de ThinkNow

Sustainability Report 2023
Sustainability Report 2023Sustainability Report 2023
Sustainability Report 2023ThinkNow
 
How America Celebrates Holidays & Traditions: ​Black Americans
How America Celebrates Holidays & Traditions: ​Black AmericansHow America Celebrates Holidays & Traditions: ​Black Americans
How America Celebrates Holidays & Traditions: ​Black AmericansThinkNow
 
The Digital Media Buyers Guide
The Digital Media Buyers GuideThe Digital Media Buyers Guide
The Digital Media Buyers GuideThinkNow
 
Gun Control Report 2022
Gun Control Report 2022Gun Control Report 2022
Gun Control Report 2022ThinkNow
 
ThinkNow World Cup Report 2022
ThinkNow World Cup Report 2022ThinkNow World Cup Report 2022
ThinkNow World Cup Report 2022ThinkNow
 
ThinkNow Culture Report 2022
ThinkNow Culture Report 2022ThinkNow Culture Report 2022
ThinkNow Culture Report 2022ThinkNow
 
Healthcare Marketing Report: Engaging Hispanic Communities
Healthcare Marketing Report: Engaging Hispanic CommunitiesHealthcare Marketing Report: Engaging Hispanic Communities
Healthcare Marketing Report: Engaging Hispanic CommunitiesThinkNow
 
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent ReportThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent ReportThinkNow
 
ThinkNow Web 3.0 Cryptocurrency Report 2022
ThinkNow Web 3.0 Cryptocurrency Report 2022ThinkNow Web 3.0 Cryptocurrency Report 2022
ThinkNow Web 3.0 Cryptocurrency Report 2022ThinkNow
 
ThinkNow Pulse™ Report 2022
 ThinkNow Pulse™ Report 2022 ThinkNow Pulse™ Report 2022
ThinkNow Pulse™ Report 2022ThinkNow
 
ThinkNow Smart Fitness: The Rise of Connected Fitness and Community
ThinkNow Smart Fitness: The Rise of Connected Fitness and CommunityThinkNow Smart Fitness: The Rise of Connected Fitness and Community
ThinkNow Smart Fitness: The Rise of Connected Fitness and CommunityThinkNow
 
ThinkNow Entrepreneurship 2021
ThinkNow Entrepreneurship 2021ThinkNow Entrepreneurship 2021
ThinkNow Entrepreneurship 2021ThinkNow
 
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report 2021
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report 2021ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report 2021
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report 2021ThinkNow
 
Infographic – ThinkNow Diversity & Inclusion: Brands and Consumer Purchase In...
Infographic – ThinkNow Diversity & Inclusion: Brands and Consumer Purchase In...Infographic – ThinkNow Diversity & Inclusion: Brands and Consumer Purchase In...
Infographic – ThinkNow Diversity & Inclusion: Brands and Consumer Purchase In...ThinkNow
 
Thinknow Vaccine Report 2021
Thinknow Vaccine Report 2021Thinknow Vaccine Report 2021
Thinknow Vaccine Report 2021ThinkNow
 
Thinknow Pulse Report 2021
Thinknow Pulse Report 2021Thinknow Pulse Report 2021
Thinknow Pulse Report 2021ThinkNow
 
ThinkNow Year End Report 2020
ThinkNow Year End Report 2020ThinkNow Year End Report 2020
ThinkNow Year End Report 2020ThinkNow
 
ThinkNow Culture Brief 2020
ThinkNow Culture Brief 2020 ThinkNow Culture Brief 2020
ThinkNow Culture Brief 2020 ThinkNow
 
ThinkNow Cosmetics and Beauty Report 2020
ThinkNow Cosmetics and Beauty Report 2020 ThinkNow Cosmetics and Beauty Report 2020
ThinkNow Cosmetics and Beauty Report 2020 ThinkNow
 
ThinkNow Policing Study 2020
ThinkNow Policing Study 2020 ThinkNow Policing Study 2020
ThinkNow Policing Study 2020 ThinkNow
 

Plus de ThinkNow (20)

Sustainability Report 2023
Sustainability Report 2023Sustainability Report 2023
Sustainability Report 2023
 
How America Celebrates Holidays & Traditions: ​Black Americans
How America Celebrates Holidays & Traditions: ​Black AmericansHow America Celebrates Holidays & Traditions: ​Black Americans
How America Celebrates Holidays & Traditions: ​Black Americans
 
The Digital Media Buyers Guide
The Digital Media Buyers GuideThe Digital Media Buyers Guide
The Digital Media Buyers Guide
 
Gun Control Report 2022
Gun Control Report 2022Gun Control Report 2022
Gun Control Report 2022
 
ThinkNow World Cup Report 2022
ThinkNow World Cup Report 2022ThinkNow World Cup Report 2022
ThinkNow World Cup Report 2022
 
ThinkNow Culture Report 2022
ThinkNow Culture Report 2022ThinkNow Culture Report 2022
ThinkNow Culture Report 2022
 
Healthcare Marketing Report: Engaging Hispanic Communities
Healthcare Marketing Report: Engaging Hispanic CommunitiesHealthcare Marketing Report: Engaging Hispanic Communities
Healthcare Marketing Report: Engaging Hispanic Communities
 
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent ReportThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report
 
ThinkNow Web 3.0 Cryptocurrency Report 2022
ThinkNow Web 3.0 Cryptocurrency Report 2022ThinkNow Web 3.0 Cryptocurrency Report 2022
ThinkNow Web 3.0 Cryptocurrency Report 2022
 
ThinkNow Pulse™ Report 2022
 ThinkNow Pulse™ Report 2022 ThinkNow Pulse™ Report 2022
ThinkNow Pulse™ Report 2022
 
ThinkNow Smart Fitness: The Rise of Connected Fitness and Community
ThinkNow Smart Fitness: The Rise of Connected Fitness and CommunityThinkNow Smart Fitness: The Rise of Connected Fitness and Community
ThinkNow Smart Fitness: The Rise of Connected Fitness and Community
 
ThinkNow Entrepreneurship 2021
ThinkNow Entrepreneurship 2021ThinkNow Entrepreneurship 2021
ThinkNow Entrepreneurship 2021
 
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report 2021
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report 2021ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report 2021
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent Report 2021
 
Infographic – ThinkNow Diversity & Inclusion: Brands and Consumer Purchase In...
Infographic – ThinkNow Diversity & Inclusion: Brands and Consumer Purchase In...Infographic – ThinkNow Diversity & Inclusion: Brands and Consumer Purchase In...
Infographic – ThinkNow Diversity & Inclusion: Brands and Consumer Purchase In...
 
Thinknow Vaccine Report 2021
Thinknow Vaccine Report 2021Thinknow Vaccine Report 2021
Thinknow Vaccine Report 2021
 
Thinknow Pulse Report 2021
Thinknow Pulse Report 2021Thinknow Pulse Report 2021
Thinknow Pulse Report 2021
 
ThinkNow Year End Report 2020
ThinkNow Year End Report 2020ThinkNow Year End Report 2020
ThinkNow Year End Report 2020
 
ThinkNow Culture Brief 2020
ThinkNow Culture Brief 2020 ThinkNow Culture Brief 2020
ThinkNow Culture Brief 2020
 
ThinkNow Cosmetics and Beauty Report 2020
ThinkNow Cosmetics and Beauty Report 2020 ThinkNow Cosmetics and Beauty Report 2020
ThinkNow Cosmetics and Beauty Report 2020
 
ThinkNow Policing Study 2020
ThinkNow Policing Study 2020 ThinkNow Policing Study 2020
ThinkNow Policing Study 2020
 

Dernier

Choosing the Right White Label SEO Services to Boost Your Agency's Growth.pdf
Choosing the Right White Label SEO Services to Boost Your Agency's Growth.pdfChoosing the Right White Label SEO Services to Boost Your Agency's Growth.pdf
Choosing the Right White Label SEO Services to Boost Your Agency's Growth.pdfAutus Digital
 
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift AdvertisingElevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift AdvertisingVikasYadav194549
 
Distribution Ad Platform_ The Role of Distribution Ad Network.pdf
Distribution Ad Platform_ The Role of  Distribution Ad Network.pdfDistribution Ad Platform_ The Role of  Distribution Ad Network.pdf
Distribution Ad Platform_ The Role of Distribution Ad Network.pdfTransports Advertising
 
Enhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San FranciscoEnhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San Franciscosanfranciscoprfirms
 
Cartona.pptx. Marketing how to present your project very well , discussed a...
Cartona.pptx.   Marketing how to present your project very well , discussed a...Cartona.pptx.   Marketing how to present your project very well , discussed a...
Cartona.pptx. Marketing how to present your project very well , discussed a...BeshoyFawaz1
 
How consumers use technology and the impacts on their lives
How consumers use technology and the impacts on their livesHow consumers use technology and the impacts on their lives
How consumers use technology and the impacts on their livesMathuraa
 
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night ServiceVIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Servicemeghakumariji156
 
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency EscortsAligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escortsmeghakumariji156
 
Martal Group - B2B Lead Gen Agency - Onboarding Overview
Martal Group - B2B Lead Gen Agency - Onboarding OverviewMartal Group - B2B Lead Gen Agency - Onboarding Overview
Martal Group - B2B Lead Gen Agency - Onboarding OverviewMartal Group
 
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesInstant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesMedia Logic
 
W.H.Bender Quote 61 -Influential restaurant and food service industry network...
W.H.Bender Quote 61 -Influential restaurant and food service industry network...W.H.Bender Quote 61 -Influential restaurant and food service industry network...
W.H.Bender Quote 61 -Influential restaurant and food service industry network...William (Bill) H. Bender, FCSI
 
Best 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In ChandigarhBest 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In Chandigarhhamitthakurdma01
 
Unlocking the Mystery of the Voynich Manuscript
Unlocking the Mystery of the Voynich ManuscriptUnlocking the Mystery of the Voynich Manuscript
Unlocking the Mystery of the Voynich Manuscriptelizabethella096
 
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdfTAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdfSocial Samosa
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfSocial Samosa
 
Resumé Karina Perez | Digital Strategist
Resumé Karina Perez | Digital StrategistResumé Karina Perez | Digital Strategist
Resumé Karina Perez | Digital StrategistKarina Perez
 
Press Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdfPress Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdfPR Wires
 
SALES-PITCH-an-introduction-to-sales.pptx
SALES-PITCH-an-introduction-to-sales.pptxSALES-PITCH-an-introduction-to-sales.pptx
SALES-PITCH-an-introduction-to-sales.pptx23397013
 
2024 Social Trends Report V4 from Later.com
2024 Social Trends Report V4 from Later.com2024 Social Trends Report V4 from Later.com
2024 Social Trends Report V4 from Later.comnmislamchannal
 
Elevating Your Digital Presence by Evitha.pdf
Elevating Your Digital Presence by Evitha.pdfElevating Your Digital Presence by Evitha.pdf
Elevating Your Digital Presence by Evitha.pdfevithatojoparel
 

Dernier (20)

Choosing the Right White Label SEO Services to Boost Your Agency's Growth.pdf
Choosing the Right White Label SEO Services to Boost Your Agency's Growth.pdfChoosing the Right White Label SEO Services to Boost Your Agency's Growth.pdf
Choosing the Right White Label SEO Services to Boost Your Agency's Growth.pdf
 
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift AdvertisingElevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
Elevate Your Advertising Game: Introducing Billion Broadcaster Lift Advertising
 
Distribution Ad Platform_ The Role of Distribution Ad Network.pdf
Distribution Ad Platform_ The Role of  Distribution Ad Network.pdfDistribution Ad Platform_ The Role of  Distribution Ad Network.pdf
Distribution Ad Platform_ The Role of Distribution Ad Network.pdf
 
Enhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San FranciscoEnhancing Business Visibility PR Firms in San Francisco
Enhancing Business Visibility PR Firms in San Francisco
 
Cartona.pptx. Marketing how to present your project very well , discussed a...
Cartona.pptx.   Marketing how to present your project very well , discussed a...Cartona.pptx.   Marketing how to present your project very well , discussed a...
Cartona.pptx. Marketing how to present your project very well , discussed a...
 
How consumers use technology and the impacts on their lives
How consumers use technology and the impacts on their livesHow consumers use technology and the impacts on their lives
How consumers use technology and the impacts on their lives
 
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night ServiceVIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
VIP Call Girls Dongri WhatsApp +91-9833363713, Full Night Service
 
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency EscortsAligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
Aligarh Hire 💕 8250092165 Young and Hot Call Girls Service Agency Escorts
 
Martal Group - B2B Lead Gen Agency - Onboarding Overview
Martal Group - B2B Lead Gen Agency - Onboarding OverviewMartal Group - B2B Lead Gen Agency - Onboarding Overview
Martal Group - B2B Lead Gen Agency - Onboarding Overview
 
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best PracticesInstant Digital Issuance: An Overview With Critical First Touch Best Practices
Instant Digital Issuance: An Overview With Critical First Touch Best Practices
 
W.H.Bender Quote 61 -Influential restaurant and food service industry network...
W.H.Bender Quote 61 -Influential restaurant and food service industry network...W.H.Bender Quote 61 -Influential restaurant and food service industry network...
W.H.Bender Quote 61 -Influential restaurant and food service industry network...
 
Best 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In ChandigarhBest 5 Graphics Designing Course In Chandigarh
Best 5 Graphics Designing Course In Chandigarh
 
Unlocking the Mystery of the Voynich Manuscript
Unlocking the Mystery of the Voynich ManuscriptUnlocking the Mystery of the Voynich Manuscript
Unlocking the Mystery of the Voynich Manuscript
 
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdfTAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
TAM_AdEx-Cross_Media_Report-Banking_Finance_Investment_(BFSI)_2023.pdf
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdf
 
Resumé Karina Perez | Digital Strategist
Resumé Karina Perez | Digital StrategistResumé Karina Perez | Digital Strategist
Resumé Karina Perez | Digital Strategist
 
Press Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdfPress Release Distribution Evolving with Digital Trends.pdf
Press Release Distribution Evolving with Digital Trends.pdf
 
SALES-PITCH-an-introduction-to-sales.pptx
SALES-PITCH-an-introduction-to-sales.pptxSALES-PITCH-an-introduction-to-sales.pptx
SALES-PITCH-an-introduction-to-sales.pptx
 
2024 Social Trends Report V4 from Later.com
2024 Social Trends Report V4 from Later.com2024 Social Trends Report V4 from Later.com
2024 Social Trends Report V4 from Later.com
 
Elevating Your Digital Presence by Evitha.pdf
Elevating Your Digital Presence by Evitha.pdfElevating Your Digital Presence by Evitha.pdf
Elevating Your Digital Presence by Evitha.pdf
 

ThinkNow Snapshot: 2018 Total Market Markers & Milestones

  • 1. ThinkNow Snapshot: Markers + Milestones 2018 Total Market
  • 2. The uncertain economic outlook and polarizing political climate that plagued 2018 marked a decline in consumer sentiment causing it to lag behind previous years, most notably among minorities. Overall, just under half of consumers anticipated a better year financially heading into 2018. Among minority communities, fewer African-Americans and Hispanics anticipated a bump in household finances in 2018 compared to 2017. ECONOMIC CONCERNS HOUSEHOLDFINANCES OUTLOOK About The Same As 2017 Worse Than 2017 Consumer Sentiment: Divided We Stand? 2 While the availability of jobs and rising prices are top concerns for consumers, only about 20% of consumers report that their financial situation worsened due to employment status over the past year. The biggest concerns, by demographic, include: Better Than 2017 “Milestones” were the hallmark of 2018 as consumers weathered the highs and lows of another eventful year in America. Snowboarding icon Shaun White shred major powder on the men’s halfpipe to earn America it’s 100th Winter Olympics Gold Medal. African-American girls, clad in their Sunday best, sipped tea to salute the first African-American woman to become British royalty. And most recently, the midterm elections, coined the “most expensive” and “most watched” captivated the country in an epic battle for congressional seats and equality. Availability of Jobs AFRICAN- AMERICANS Financial Market ASIANS HISPANICS Rising Prices WHITES National Budget Deficit 2017 2016 Hispanic White African-American Asian Hispanic White African-American Asian Hispanic White African-American Asian 47% 45% 50% 56% 45% 44% 50% 63% 45% 47% 28% 29% 35% 42% 25% 21% 28% 39% 7% 8% 9% 9% 10% 8% 14% 7%
  • 3. General sentiment across race and ethnicity show that the U.S. economy is growing, but slowly. That sentiment is highest among Non-Hispanic Whites and Asians, and lowest among African- Americans. With perceived steady income and higher employment, consumer spending trended up during the record- breaking 2017 holiday retail shopping season, exceeding the National Retail Federation’s forecasts by 5.5%. But according to our 2018 retail study, consumers plan to spend an average of $506 on gifts this holiday season. That’s about $70 less than last year’s average. Non-Hispanic Whites, males, and consumers ages 35-54, in general, plan to spend the most. Holiday Spending: Cautiously Optimistic 3 Avg.Consumer HolidaySpending in2018 $506
  • 4. Holiday Spending: Cautiously Optimistic 4 ONLINE vs. IN-PERSON African- Americans Asians Hispanics Whites Smartphone usage is especially high for Hispanics and African-Americans. The likelihood to use smartphone for holiday purchases declines with age. Consumers are more likely to browse for gift ideas online than in-person.  However, on average, consumers are as likely to buy gifts online or via mobile app this holiday as they are to buy in-person. Hispanics, however, are most likely to buy gifts in person.  Of shoppers purchasing online this year, most will use their smartphone to make purchases. Ninety percent of American adults own a smartphone and more than half own a tablet. TopReasonsForBrowsingOnlineSearchOnlineForGiftIdeas 27% in 2017 31% in 2018 BrowseForGiftIdeasAtStore 16% in 2017 17% in 2018 Easier/ Faster 55% 53% 50% 44% 42% Better Prices No Crowds or Lines Can Take My Time More Availability of Products Can See/ Touch Items 57% No Waiting on Delivery Enjoy Shopping In-Person In-Store Only Discounts 50% 41% 30% TopReasonsForBrowsingIn-Person Online Holiday Shopping With Smartphone
  • 5. Holiday Spending: Cautiously Optimistic MOSTPOPULARGIFTIDEAS Gift cards will be the single most popular item this holiday season, followed closely by clothing, and toys. Despite hefty advertising budgets and drastically low prices, only 2 in 10 consumers plan to purchase a voice-controlled product, like Alexa or Echo Dot, this holiday season. Privacy concerns continue to plague mass adoption among some consumers. 10MostPopularHolidayGiftsOf2018 Gift Cards 47% 42% 37% 29% 28% 26% 25% 25% 24% 23% Clothing Toys Money Jewelry/ Watch Electronics Sweet Food Items Books Video Games Home Accessories 5
  • 6. Holiday Spending: Cautiously Optimistic 6 CLASHOFTITANS This holiday shopping season is predicted to be a real clash of the titans as Amazon and Walmart, the two largest online retailers, fight for the top spot in the hearts and wallets of consumers.  With Walmart investing more in its online shopping platform and Amazon continuing to invest in its brick-and- mortar expansion, these retail giants are battling it out online and in-store as both retailers attempt to create desirable experiences that attract and retain consumers year-round, not just during the holiday shopping rush.  Former Toys R Us shoppers are in hot pursuit of a retailer with the depth of selection and budget friendly pricing as the now defunct toy retailer. Many shoppers are looking to Wal-Mart. Unlike last year, Walmart, by a small margin, topped Amazon, as the top retail destination shoppers plan to visit this holiday season. More consumers said they would shop at Walmart and Kmart this year compared to one year ago. Clearly, the close of Toys “R” Us is a contributing factor to this. vs. Walmart Amazon 2018 62% 2017 64% 66% 55% Consumer Confidence Consumer Confidence
  • 7. 7 Mobile Apps: Powered by Younger Consumers Social networking apps, while popular, are not the top mobile apps used across all demographics. Facebook, Instagram, and similar apps rank highly among teens and millennials, but fall sharply in popularity among baby boomers. Among ethnicities, Hispanics continue to over-index on social media use, driving daily use of the top social media platforms. Within that demographic, younger Hispanics drive engagement. Mobile apps for weather, search/maps, and news, on the other hand, rank most popular among baby boomers than younger demographics. Gen X is more likely than other age groups to use banking/finance apps. Teens and Millennials use mobile apps significantly more than their older counter parts, are more likely to download an app to share with others or to download an app for others to use. People use their apps an average of 8 times per day with peak times between 6pm – 9pm. Mobile device owners average nearly 30 total apps across devices and download new mobile apps at least once a month. Teens and Millennials are most active in terms of downloading and deleting apps.  Mobile-savvy consumers, particularly Millennials and Gen Z, use a variety of mobile apps for utility, entertainment, and convenience. Mobiledevice SocialMedia
  • 8. 8 Mobile Apps: Powered by Younger Consumers Average # of Apps Across All Devices 27 0 25 50 75 Social Networking Weather Maps/Navigation/Search Games Music Streaming Communication Utilities Shopping/Retail Banking/Finance Entertainment News 71% 65% 63% 60% 56% 55% 41% 58% 41% 48% 53% Language matters. About one third of adult Hispanic device owners use Spanish language apps, most popular among Spanish-dominant Hispanics. Among all Hispanics, nearly 50% of all apps are mostly in English.  Overall, 4 out of 10 mobile device owners say that mobile apps are a very important part of their lives. For teens, that percentage is 25 points higher. Number of Times Access Apps/Day 8.3 Number of Times Teens Use Mobile Apps/Day9.4x ellenguajeimporta 0255075100125 48% 31% 21% Apps All/Most in English 1/2 Apps in English/ 1/2 in Spanish Almost All Apps in Spanish MOST POPULAR (ALL DEMOGRAPHICS)
  • 9. 9 Media: The Demise of Live TV Live TV viewing has dropped from 68% to 48%, a whopping 20-point decline across all audiences according to this the 2018 ThinkNow Media report. African-Americans had the largest percentage point decline in live TV viewing, a 22-point decline from 75% in 2017 to 53% in 2018. While Millennials started the streaming trend, Baby Boomers and even Gen X are catching up, watching significantly less programs when they air on network TV. Boomers have experienced a decline in live TV viewing habits with a 21-point decline compared to 2017. The survey found the switch to streaming will continue to grow: 4 in 10 consumers predict they will stream most or all their TV shows online by 2020. BoomersJoinCord-CuttingTrend NetflixStill#1AmongHispanics Seventy-one percent of Hispanics prefer watching TV programming through Netflix compared to 59% of non- Hispanic whites, 63% of African-Americans and 55% of Asians. Additionally, 35% of Hispanics report they watch TV programming most often using Netflix. Almost half (47%) of all consumers perceive streaming as the future of television and a reason why they prefer watching shows through streaming services. LIVETV Over 50% of all ad spend in the U.S. is driven by digital. For the first time, using ThinkNow ConneKt, digital advertising spend was quantified by ethnicity and race in our 2018 Multicultural Digital Report and found that Latino and African-American consumers make up 26.4% of total digital spend though they make up 35.5% of the total U.S. population. Non-Latino Whites drove 65% of the digital spend. DigitalAdSpend
  • 10. 10 Marketing Predictions for 2019 Hispanic and African-American consumers were most affected by the toxic political climate and economic tension that plagued 2018, drastically skewing their feelings toward their place in society.  Asian and non-Hispanic white consumers, however, will likely stay optimistic, but as wages among Hispanic and African-Americans stagnant and the political sideshow continues to playout, we will see a further dip in consumer sentiment among these key demographics leading to a slowdown in their purchase behavior in 2019.  With Walmart’s laser focus on improving their mobile and online- shopping experience, more Hispanic and African-American consumers will flock to the brick and mortar giant who is now more of a brick and mobile giant. Walmart’s understanding of the mobile-first nature of Hispanic and African-American consumers and their efforts to double down on this while Amazon invests in more moonshot ideas such as drone delivery and cashier-less stores, will give them a clear advantage in 2019.  Next year will be the year that Walmart beats out Amazon among multicultural consumers. WalmartBeatsAmazonThanksToHispanicand African-AmericanConsumers. NegativeConsumerSentimentAmongHispanicsandAfrican- Americans WillIncrease.1 2
  • 11. 11 Marketing Predictions for 2019 3 Sounds contradictory but as content continues to become more fragmented, consumers are searching for the variety cable provided without the cord. In comes internet TV streaming services which provide access to all the major networks without the major bill. DirecTV Now and Sling, for example, have been experiencing year over year growth. As they begin reaching out to multicultural consumers, this trend will accelerate in 2019. Cord-CuttingAcceleratesButCableCompanies StartWinningAgain. thinknowresearch.com 2100 W. Magnolia Blvd., Suite A/B Burbank, CA 91506 Contacts Roy Eduardo Kokoyachuk Co-Founder-Principal roy@thinknowresearch.com t: (818) 843-0220 x102 Mario Xavier Carrasco Co-Founder-Principal mario@thinknowresearch.com t: (818) 843-0220 Ext. 101 Sources: ThinkNow Retail Report 2018 ThinkNow Mobile Apps Trends Report 2018 ThinkNow Media Report 2018 Multicultural Digital Report 2018 (partnership with The Center for Multicultural Science and MAGNA)