Categories: Uncategorized

COVID-19: Report Tracks U.S. Consumer Spending—Shopping Trends, Traffic Trends at Grocery-Anchored Centers

In a report released today by Alexander Babbage, one of the nation’s leading research firms, consumers were tracked generationally across a number of behaviors, activities and attitudes.  The firm collected data from a representative sampling of Americans on March 20 and, again, on March 27 to create the Babbage Pulse. Data will continue to be collected bi-weekly to determine changes in consumption, attitudes and trends as greater portions of the country are impacted by the pandemic.  

Some of the key findings in the Babbage Pulse include:

  • The economic stimulus plan announced on March 27 has provided some reassurance as economic concerns decreased while safety concerns increased.
  • Overall, online shopping spending was little changed from week one to week two with online spending for apparel and clothing trending downward.
  • Grocery shopping and in-home entertainment were the only consumer spending categories to see an increase in spending over the past week while all other categories saw major declines.
  • All generations increased their spending on in-store grocery purchases and all generations, except baby boomers, increased their online spending for grocery items.
  • Spending on in-home entertainment increased across all generations but Gen Z saw the largest increase with 37% reporting spending more than usual.
  • Spending at take-out restaurants trended down across the board from week 1 to week 2 with baby boomers most likely to decrease their spending.
  • In the coming week, consumers are expected to increase their online grocery shopping.

Additional key findings:

  • While Gen Xers felt the most informed about COVID-19, baby boomers felt the least informed.
  • Gen Xers were the most concerned about personal health, followed by millennials and then baby boomers. In spite of their concerns; however, millennials and Gen Xers are slightly less likely to avoid crowds than baby boomers.

“We wanted to be able to track consumer attitudes, behaviors and spending in light of the coronavirus,” said Alan McKeon, president and CEO. “Our expectation is that, as we move into the recovery phase of this pandemic, insights into consumer attitudes, behaviors and visitation behavior will provide useful insights that accelerate recovery for shopping centers.”

Alexander Babbage is a full-service location-based analytics and insights firm focused on physical locations where consumers go to eat, shop, play and be entertained. The firm used survey data for the Babbage Pulse as well as its own TruTrade® Analysis, an anonymous mobile device tracking and analysis platform. Through the use of this tool, Alexander Babbage can accurately quantify a vast set of metrics for North American destinations including observing traffic, visit duration, distance traveled, demographics and more.

For more information, visit alexanderbabbage.com. A summary of the report is available here.

About Alexander Babbage
Alexander Babbage is a full-service location-based analytics and insights firm with more than 20 years of experience measuring and closing the gap between client market share and client market potential. The firm believes better results come from better decisions. And better decisions come from understanding customers, geographic markets and opportunities. Alexander Babbage senior consultants use state-of-the-art technology and cross-industry expertise to help a variety of industries put their finger on the pulse of their customers. Alexander Babbage staff help clients understand information most needed to make smarter decisions and assist in using data to create an actionable strategy to impact the bottom-line. For more information, visit www.alexanderbabbage.com.

About TruTrade® Analysis
TruTrade is a proprietary technology created by Alexander Babbage that uses anonymous mobile device tracking to accurately quantify a vast set of metrics for North American destinations including observed traffic, visit duration, distance traveled, demographics and more. For more information, visit https://www.alexanderbabbage.com/trutrade/.

VMSD Reader

Recent Posts

Ralph Lauren Completes Renovation of Chicago Flagship

The 37,000-square-foot store features a Gilded Age-inspired design

1 hour ago

Academy Sports + Outdoors Opens First Store in Ohio

Zanesville locale expands brand’s footprint to 19 states

3 hours ago

Wawa Details Plans for First Travel Center

North Carolina locale will offer more parking, indoor seating, larger bathrooms and more

3 hours ago

Fast-Food Chains Grow Sales Despite Modest Expansion

Subway has the most units, while McDonald’s had the most sales

19 hours ago

Local Shopping Districts = Towns’ Lifeblood

Poll participants say they are willing to spend extra to strengthen their Main Streets

19 hours ago

Bruce Nordstrom Dies at 90

Third-generation leader helped steer luxury retailer beyond its hometown

1 day ago

This website uses cookies.