70% of consumers plan to shop Black Friday, Cyber week sales
A new survey by Slickdeals reveals that 70% of Americans plan to shop Black Friday and Cyber week sales. Additionally, 55% said they intend to participate in Amazon Prime Big Deal Days, while 38% will shop early October events that mark the start of the holiday season.
Developed by Slickdeals and conducted via Suzy, the study of 1,189 nationally representative adults found that consumers primarily shop for themselves during major sales events.
For Amazon Prime Big Deal Days, 68% shop for themselves and 45% shop for immediate family. Similarly, during Black Friday and Cyber Week sales, 72% shop for themselves and 49% for immediate family.
Fifty-eight percent of respondents view fall and winter sales events as an opportunity to complete most of their holiday shopping. Forty-six percent use these events to purchase specific items they've had their eye on, while 45% shop opportunistically to snag the best deals. Additionally, 40% take advantage of the sales to stock up on household essentials.
[Read more: Will consumers shop online or brick and mortar this holiday season?]
"Whether shopping for yourself or checking off your holiday gift list, navigating all the deals during this season can feel overwhelming," said Neville Crawley, CEO of Slickdeals. "By leveraging a community of millions of shoppers like the one at Slickdeals, you can easily spot the best prices on the best products."
Survey respondents indicated that they plan to spend across a variety of categories, with 63% planning to spend on clothing and shoes, 50% on groceries and 40% on tech and electronics, personal care goods and toys.
While 46% of respondents stated that inflation would affect their fall and winter sales shopping, 49% plan to spend about the same as they did last year on their holiday shopping. Another 29% plan to spend more than they did last year, with only 22% saying they plan to spend less.
[Read more: Will holiday sales be ho, ho, ho or ho hum?]
The main concerns regarding fall and winter sales events this year include crowded stores (37%), limited product availability (35%), finding the right gifts (35%), shipping delays (32%) and overspending (31%).
[Read more: Survey: It's beginning to look like an omnichannel holiday shopping season]