50% of Americans Oppose Stores Opening All Day on Thanksgiving Day, While 33% Say More Time for Holiday Gift Shopping is a Great Idea

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CINCINNATI--(BUSINESS WIRE)--The latest LoyaltyOne research shows there are three kinds of American Thanksgiving Day shoppers:

In the all-important Millennial demographic (ages 18-34), attitudes about stores being open all day on Thanksgiving shift dramatically compared to the general population (ages 18-55+). No less than 50% of consumers age 18-24 say all-day shopping on Thanksgiving is a great idea. That support dropped only slightly to 48% in the 25-34 year-old age group.

Iconic retailer Macy’s plans to launch Black Friday shopping at 6 o’clock Thanksgiving evening, down from 8 p.m. last year, and from midnight in 2011. Other leading retailers are following suit and even one-upping in the case of JCPenney’s 5 p.m. opening. Against this backdrop, LoyaltyOne, a global provider of loyalty marketing services and customer analytics, obtained opinions on extended Thanksgiving Day shopping hours from 1001 U.S. consumers in a nationwide survey taken in October 2014.The consumer views provide a window into the likelihood that all day holiday shopping on Thanksgiving Day will become a reality.

"Savvy retailers put the customer at the center of all their decisions," said Fred Thompson, LoyaltyOne retail practice leader. "Although opening on Thanksgiving Day may lead to incremental sales that day, retailers could risk upsetting their most loyal customers who routinely shop their stores year-round. Retailers should identify who their best customers are and respond with Thanksgiving and Black Friday sales strategies accordingly."

Some other key findings from the research based on various consumer segments include:

LoyaltyOne’s nationwide survey of 1001 U.S. consumers on extended Thanksgiving Day shopping hours has a margin of error, which measures sampling variability of +/- 2.6 at the 90% confidence level.

About LoyaltyOne

LoyaltyOne is a global leader in the design and implementation of coalition loyalty programs, customer analytics and loyalty services for Fortune 1000 clients around the world. LoyaltyOne’s unparalleled track record delivering sustained business performance improvement for clients stems from its unique combination of hands-on practitioner experience and continuous thought leadership. LoyaltyOne has over 20 years history leveraging data-driven insights to develop and operate some of the world's most effective loyalty programs and customer-centric solutions. These include the AIR MILES Reward Program, North America's premier coalition loyalty program; a majority stake in European-based BrandLoyalty, one of the largest and most successful campaign-driven loyalty marketers outside of the Americas; and a working partnership with Latin America's leading coalition program, dotz. LoyaltyOne is also the owner of COLLOQUY, a group dedicated to research, publishing and education for the global loyalty industry.

LoyaltyOne is an Alliance Data company. For more information, visit www.loyalty.com.

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