OpenX and The Harris Poll Release Annual 2018 Holiday Shopping Report; Research Finds Majority of UK Holiday Shopping Will Occur Digitally and Not In-Store
Nearly 85 percent of consumers plan to spend the same or more on gifts as they did last year, with millennials almost 2X more likely to increase spend
LONDON – September 19, 2018 – OpenX, the world’s largest independent advertising technology provider, today released the findings of a UK survey conducted in partnership with The Harris Poll looking at consumer shopping ahead of the 2018 holiday season. The study found that consumers expect to spend more in digital channels this year than they will in-store, with millennials in particular expecting to spend more than 60 percent of their pounds online.
Individuals making more than £50k a year are also more likely than average to shop online than in a physical location, and parents are inclined to shop from their mobile devices, expecting to make about one-quarter of their purchases on mobile.
As part of the larger shift towards digital, the report also found that the way in which shoppers consume content and research products will undergo significant change, highlighting the challenges brand marketers face reaching and engaging consumers in today’s highly fragmented media environment.
Specific highlights from the report include:
- The average UK consumer is on their smartphone for at least three hours a day, and close to one in four millennials spend more than 6 hours on their devices
- Nearly 20 percent of consumers watch no live TV
- Close to 90 percent of UK consumers make an attempt to skip some or all ads they see on traditional TV.
As content consumption habits change, consumers are planning on spending more than ever, and close to 85 percent plan to spend the same or more than they did last year, highlighting the importance of building omnichannel engagement programs that meet consumers where they are watching content, and where they are choosing to make their holiday purchases.
“Consumers are confident and plan to spend this holiday season, and the big changes involve how shoppers are actually consuming content today and how they plan to spend their money,” said Dallas Lawrence, Chief Brand Officer at OpenX. “The shift away from traditional television to mobile is fueling a strong surge in mobile holiday shopping this year, and whether it’s the 1 out of 3 consumers who now make mobile purchases weekly from bed at night or the 6 percent who are now using smart speakers to help research holiday purchases, consumers are shopping in new and unique ways. Brand advertisers that have developed smart omni-channel strategies to reach the always on shopper will have the happiest holiday returns.”
The survey also highlighted changing consumer perceptions around key shopping events like Black Friday. Less than 60 percent of UK consumers are planning to shop on Black Friday in 2018, and the majority of consumers no longer feel like it is the best day to get shopping deals.
The full study from OpenX and Harris contains additional info on topics like how much consumers are planning on spending this year, what items they are looking to buy, when people start planning their holiday shopping and more. For more information, or to see the full survey, reach out to firstname.lastname@example.org.
This survey was conducted online within the UK by The Harris Poll on behalf of OpenX from August 30 to September 6, 2018 among 1,000 adult holiday shoppers.
OpenX powers highly relevant advertising at global scale, delivering quality and value to brands, publishers and consumers across every type of connected screen and ad format. The company’s leading technology aggregates, curates and values consumer interest in real time on one of the world’s largest and highest quality ad exchanges to ensure marketers reach exactly the audience they want. OpenX serves more than 30,000 of the world’s most recognized brands, more than 1,200 publishers and more than 2,000 premium mobile apps.
About The Harris Poll
The Harris Poll is a global consulting and market research firm established in 1963 to help support decision making among leaders. Harris work with clients in three primary areas; crafting brand strategy, building corporate reputation, and earning organic media through public relations research. To learn more, visit www.theharrispoll.com.