A Traf-Sys survey found that 78% of consumers are more likely to be repeat customers if a retailer caters to their preferences
We're getting played.
If a Pigovian tax is desirable for some reason, whether to nudge healthier behavior or to raise needed revenue, is there a way to make it more acceptable?
President's Day isn't the sexiest of holidays when it comes to shopping. Not romantic like Valentine's Day, or as patriotic as the 4th of July, or as lush and indulgent as the holidays. No, President's Day weekend is the workhorse of shopping holidays.
Tangible gifts will never go out of style. But the rising preference for experiential gifts -- especially "the gift of me" demonstrates the dynamism and disruption that Millennials are bringing to the marketplace.
It's a common emerging theme -- unleashing products for a holiday in an accelerated non-sequential order (with so much Christmas stimuli in stores in November I often found myself wondering what happened to Thanksgiving) -- but who is causing and reinforcing this trend?
Millennials are notorious for seeking instant gratification. Might this mean that they would be more likely to opt for one of the faster shipping methods? When I looked at the data comparing millennials to non-millennials, I didn't find substantial differences.
Why would someone bother reviewing a product or service that has been reviewed 3,795 times already, given that writing a review takes time and effort? Many websites will insist that the review be a certain number of words, in addition to asking the customer to provide a rating. So why put in all that time and effort when other people have already done so?
There's a reason for that.