Observed Signal · Nov 7, 2022 · Trend Analysis · Source: CMSWire · Impact: 2/5 · Sentiment: Positive

Inflation Changes Online Shopping Habits, Brands Must Adapt

Executive Signal Summary

Writing in November 2022, CMSWire examines how inflation, recession fears and remote work have reshaped online shopping habits. Citing Adobe, the article notes US consumers spent $1.7 trillion online during the pandemic. Ipsos data shows 42% of shoppers seek promotions, 32% trade down, and 26% buy private labels. Gartner reports 30% use price comparison and coupon tools. Deloitte found convenience can outweigh cost and 67% of retail executives prioritize ecommerce investment. Accenture and PwC data point to growing use of AR/VR for product consultations and luxury purchases. The article also highlights ESG concerns influencing purchasing decisions and recommends brands build consistent, integrated digital journeys, use real-time intent signals for relevant ads, and invest in emerging ecommerce technologies. The piece was written by Mya Achidov, Content Lead at Namogoo, and serves as a data-driven overview for marketers adapting to new consumer behavior.

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Aggregated consumer behavior research relevant to ecommerce and digital marketing; provides trend insights but no breaking news or industry-shifting event.

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Key Takeaways & Evidence Grounding

  • US consumers spent $1.7 trillion online during the pandemic, according to Adobe.
  • Ipsos found 42% of shoppers seek promotions, 32% are trading down to lower-priced items, and 26% are choosing private labels.
  • Gartner reported that 30% of consumers are using price comparison and coupon tracking tools.
  • According to Deloitte, 67% of retail executives cited ecommerce and online shopping platforms as top investment areas in 2022.
  • Accenture found that 39% of shoppers have had a consultation in an AR/VR environment.

Connected Companies & Entities

7 Entities mapped

“US consumers alone spent $1.7 trillion online during the pandemic, according to Adobe....”

“42% seeking promotions, 32% trading down for lower-priced items and 26% resorting to private labels, according to Ipsos research....”

“Deloitte found that convenience slightly edges out cost as the most important factor in consumer decision-making....”

“According to Gartner, 30% are using price comparison and coupon tracking tools....”

“According to Accenture, 39% of shoppers have had a consultation in a AR/VR environment....”

“19% of customers who have used VR did so to purchase luxury goods, according to a PWC survey....”

Primary Source Grounding & Direct Attribution
Direct Origin Attribution
Primary Reporting: CMSWire•Published: Nov 7, 2022
Original Coverage Title: “Online Shopping Habits Are Changing: Here’s What You Need to Know”

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