New First Insight Study Analyzes Consumer Shopping Behaviors As Vaccines Roll Out Nationwide
Sixty-One Percent of Americans Would Cut Back on Spending If a National Lockdown Were Enforced
PITTSBURGH, PA — January 27, 2021 — Nearly one-third of American consumers are unsure about receiving or will not receive the COVID-19 vaccine when it becomes available, and those who plan to get vaccinated will not be rushing back in-store, according to the most recent survey by First Insight. Forty percent of consumers say they will shop for apparel in-store either less or the same amount after being vaccinated, a theme that is reflected across in-store visits for footwear (44 percent), accessories (43 percent), beauty products (45 percent), luxury items (41 percent) and electronics (43 percent). Further, the majority of consumers (61 percent) said they would cut back on spending if a national lockdown were enforced.
“Clearly, the vaccine is not the silver bullet that is going to bring retail back from the brink,” said Greg Petro, CEO of First Insight. “Our latest research shows that even with a vaccine, people will still be afraid to go in-store, and fully prepared to cut back on spending if the nation returns to another lockdown. It’s time for retailers to create better connections with consumers by targeting them with the right marketing messages, and bringing them the right product assortment, pricing and experiences that will entice them to spend both in-store as well as online. First Insight has empowered some of the world’s largest brands with Voice of Customer insights to help them understand their consumers better and build relationships and experiences that can reinforce safety, strengthen loyalty and increase sales in this difficult environment.”
For a deeper look at the data, download First Insight’s infographic here. Additional findings include:
- Spikes in COVID are keeping people away from stores. Sixty percent of respondents to the First Insight survey stated that spikes in COVID-19 are deterring them from shopping in-store.
- People are feeling less safe now than before the holidays when trying on and testing products in-store. Seventy-one percent of respondents feel unsafe testing beauty products compared to 67 percent in November of 2020 (a 6% increase). Similarly, 62 percent felt unsafe trying on products in a dressing room versus 55 percent in November (a 13% increase). Sixty percent felt unsafe trying on shoes compared to 51 percent in November (an 18% increase). Lastly, 59 percent feel unsafe working with a sales associate, compared to 51 percent at the time of the last survey (a 16% increase).
- Women are more worried about safety in-store than men. While 63 percent of men feel unsafe testing beauty in-store, 80 percent of women surveyed feel the same way. Similarly, 51 percent of men feel unsafe trying on products in dressing rooms versus 73 percent of women. Fifty-two percent of men versus 67 percent of women feel unsafe trying on shoes , and 51 percent of men versus 68 percent of women feel unsafe working with a sales associate.
- More men plan to wear masks in-store than women. Worth noting, 53 percent of respondents overall plan to continue to wear a face mask in-store after being vaccinated, with more men (61 percent) planning to wear a mask than women (47 percent).
- Coronavirus impacting purchase decisions even more than nearly a year ago. At the end of February 2020, 44 percent of respondents felt that the pandemic was impacting their purchase decisions, versus 76 percent in January of 2021 (a 73 percent increase).
- The number of consumers who cut back on spending due to COVID has increased 69 percent over the past year. When compared to February, 2020, when 35 percent of respondents were cutting back on spending due to the pandemic, 59 percent said the same in January of 2021.
Methodology
First Insight’s findings were based on data revealed as part of First Insight’s ongoing series of consumer sentiment studies entitled, “The Impact of Coronavirus on Consumer Purchase Decisions and Behaviors.” Now publishing the ninth study in the series, the company has been tracking consumer data since February 28, 2020. The findings are based on the results of U.S. consumer studies of targeted samples of more than 1,000 respondents, balanced by gender, geography and generation, and the latest survey was fielded on January 13, 2021. It was completed through proprietary sample sources amongst panels who participate in online surveys. Further details on the findings are available upon request.
About First Insight, Inc.
First Insight is one of the world’s leading Experience Management (XM) platforms that empowers companies to significantly incorporate the Voice of the Customer into the design, pricing, planning and marketing of products and service offerings. Through the use of online consumer engagement tools, the First Insight platform gathers real-time consumer data and applies predictive analytic models to create actionable insights to power decisions which drive measurable value. Customers include some of the world's leading vertically integrated brands, sporting goods companies, department stores, consumer products companies, mass merchant retailers and wholesalers. For further information, please visit www.firstinsight.com.
Media Contact:
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Stacy Berns/Michael McMullan
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First Insight Contact:
Gretchen Jezerc
SVP of Marketing
gretchen.jezerc@firstinsight.com
