You are receiving this newsletter because
you registered at GiftsWholesale.Com, AccessoriesWholesale.Com, DecorWholesale.Com, ToysWholesale.Com or ApparelWholesale.Biz.
To be removed from our mailing list, click the link
at the bottom of this newsletter.
If you cannot see the newsletter below, click here to see the web version. |
GiftsWholesale.Com is not responsible for changes in show information or typographical errors. OmegaNet and GiftsWholesale.Com are not directly associated with any trade show. May, 2009 For a full list of Trade Shows, go to GiftsWholesale.Com GiftsWholesale:
|
In this issue:
Advertising To Boomers Is "Booming" During RecessionBaby Boomers are changing the face of aging as well as creating new buying trends. The 18-35 age group has always been the holy grail for marketers, but the recession may be changing that. Besides the fact that Baby Boomers are a large market segment, during uncertain economic times, they may also be a better bet for retailers. Younger people may be saddled with student loans and consumer debt, whereas many older people have shied away from debt and may even have paid off their houses (source). The "Baby Boomers" consist of about 75 million people (one fourth of the US popultaion) who were born 1946 to 1964, after the end of World War II. The oldest are now 63 years old and the youngest are 45. 330 Americans turn 60 each hour. And they aren't ready to head for nursing homes either. According to US Census projections, almost 60 million Boomers will still be alive 20 years from now (source). Most Boomers still apply the word "senior" to their parents, many of whom are still alive. With an average life expectancy of 83, Boomers will likely change the face of aging and drive the development of many products and services for years to come. Boomers expect comfort, convenience and fun, according to Deb Sellers, Kansas State University Research and Extension specialist on adult development and aging (source). Indications are that the Boomers appreciate quality, believing that they should be able to have it all. However, as people age, they tend to move from materialistic to meaningful; Boomers are often cause-driven. On the other side of the coin, teen spending has dropped, causing mall stores to be nervous as usually brand conscious teenagers become cost conscious because of recessionary uncertainty. "Labels are becoming less and less of a priority for people throughout my school," said Chelsea Orcutt, 17, a senior at the Mount Saint Mary Academy near Buffalo (source). Featured Vendors in GiftsWholesale.Com
|
Surviving the Recession
Poll: Consumer Confidence Improving, But Sales Still DepressedAccording to a Gallup Poll taken between March 17 and 19, consumer optimism in the economy is getting better--though still low. It rose to a 20-month high (source). However, total retail and food service sales were down in Feb. 2009 compared the previous month and the same month last year according to US Census statistics. Feb. 2009 sales for the market segment totalled $308 billion compared with $318 billion in Jan. 2009 (a decrease of 3%) and $348 million in Feb. 2008 (a decrease of 11%) (source). March was only slightly better for chain stores with a 1.4% drop from a year earlier during the week ending March 21, according to Market Watch. The International Council of Shopping Centers (ICSC) also reported slight declines in April. The organization attributed part of the decline to a shift in the Easter holiday from March 23 a year ago to April 12 this year. Cooler temperatures may also have been a factor. (source). |
|
Quick Industry NewsItems from Mud Pie's "Something Blue" line: "Something Blue" frame and Bridesmaid Triple Notepad Set A new collection of wedding-themed gifts accented in baby blue Tucker, Ga. -- Mud Pie, an award-winning international gift company offering products reflecting current trends and popular design, has introduced Something Blue, a new wedding-themed collection perfect for celebrating the big day! Perfect for fulfilling the last line of the old saying: "something old, something new, something borrowed, something blue," this collection boasts one-of-a-kind, trendy gift items for the bride and groom and bridal party. Featuring patent leather panache and polka dot designs on bridal party totes, makeup cases, frames, party essentials and more, Something Blue adds a new twist on traditional wedding gifts and favors. "We are pleased with the amount of positive responses we have received from customers buying our wedding-themed gift lines," says Fred Pannek, Vice President of Product Development. "Many of today's brides are fashion-forward and are looking for something that reflects their own personal sense of style, regardless of price." (more) |