A free inside look at Accenture salary trends based on 33904 salaries wages for 3886 jobs at Accenture. Half also said they would be willing to skip gift-wrapping to reduce waste. See publication. 47% said it’s extremely important or very important for retailers to demonstrate environmental awareness when it comes to deciding which retailer to shop with during the holidays. To adapt, retailers must focus on customer analytics and offer a brand purpose that resonates with the responsibility agenda. 54% said they would make use of recycling services to reduce waste if retailers offered them. Accenture’s 13th Annual Holiday Shopping Survey of 1,500 US shoppers shows how quickly consumer expectations continue to shift, with the need for responsible retail the most notable trend this year. “We have entered the era of ‘responsible retail,’ where consumers are becoming more environmentally and socially conscious and will increasingly turn to brands that not only talk about responsibility but demonstrate it through their business practices,” said Jill Standish, senior managing director and head of Accenture’s global Retail practice. Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. For this year’s study, Coleman Parkes Research, on behalf of Accenture, surveyed a representative sample of 1,500 U.S. consumers online, each of whom had purchased an item for personal use online or in a store within the previous six months. This is especially pertinent for gifts of clothing, given the heightened risk of returns and the associated costs.”, Consumers are trading frills and next-day shipping for environmental responsibility. Read more. Jill leads the Accenture global Retail practice and helps retail clients transform into responsible and resilient enterprises. The study also found a growing trend of “responsible retail,” with shoppers more concerned about the environmental and social impact of their purchases. Are you bringing personalization to the next level? Responsible retail is designing every aspect of the business around responsible initiatives. The study also found a growing trend of “responsible retail,” with shoppers more concerned about the environmental and social impact of their … Nearly half (48%) said they would consider giving second-hand clothing as gifts, and 56% said they would welcome gifts of this kind for themselves. In August, the company laid off around 25,000 employees, or about 5% of its global workforce of 500,000. The two leading factors that respondents cited as affecting their holiday shopping spend are rising food bills (cited by 32% of respondents) and the desire to limit their credit card debt (31%). Consumers are very aware of the rising trend in package theft, also known as “porch piracy.” Almost one-third (29%) said they use delivery tracking/notification apps deliveries and schedule deliveries for dates/times when someone is home, and 21% are moving entirely away from home delivery and picking up in-store instead. Chief reasons included avoiding the crowds, spending the holiday with family and being able to get equally good discounts on other days. There does appear to be a level of caution among consumers this year, however, as the percentage of those who anticipate spending less rose slightly year on year, from 11 percent to 15 percent. Nearly a quarter (24%) of all respondents — and one third (34%) of older Millennials — said they would be likely or extremely likely to rent clothes for holiday parties. New York – Accenture’s 13th annual holiday shopping survey finds consumers ready to spend – some of them conscientiously. Designed by Elegant Themes | Powered by WordPress, Callaway Golf Remains Presenting Sponsor for EWGA Championship, Bass Pro’s PR Chief Jack Wlezien Discusses Sportsman’s Warehouse Opportunity, SHOT Show Education Sessions Move Online; Registration Now Open, ASBA To Combine Tennis Division With Courts & Rec Division, Registration Opens For Virtual 2021 PGA Merchandise Show, Representatives From 12 States Support Fitness Industry Relief Bill, Ecore Partners With CommonWealth Equity Partners, Sports Basement CFO Among Cyclists Killed In Las Vegas Crash. Perhaps not surprising, 82 percent of respondents cited lower prices as the top factor that would tempt them to make an in-store purchase, followed by special offers/discounts (77 percent). Seize the moment—Responsible and resilient retail Accenture May 13, 2020. Navigating the new world of retail post covid. Use of this website is subject to its Terms of Use | Privacy Policy | Your California Privacy Rights/Privacy Policy | Do Not Sell My Info/Cookie Policy, Retail association encouraged by stimulus deal, November retail sales mark sixth month of YOY gains, The Gap inks license for home textiles collection, Comscore: Home furnishings online visitations up nearly 20% over Thanksgiving week, Riley Home launches new bedding and bath collection, Your California Privacy Rights/Privacy Policy. In addition: “We have entered the era of ‘responsible retail,’ where consumers are becoming more environmentally and socially conscious and will increasingly turn to brands that not only talk about responsibility but demonstrate it through their business practices,” said Jill Standish, senior managing director and head of Accenture’s global Retail practice. - Responsible for designing and delivering the strategy for priority initiatives including creating differentiated propositions, sales strategies, operating models, prioritised product roadmaps, pricing, licensing and business cases. Leaders across all sectors of retail are thinking about ESG not as a problem to solve, but as the solution to cleaner, more efficient, less wasteful practices. On average, men expect to spend approximately 15% more than women — $685 versus $588. Accenture PLC (ACN) Q1 2021 Earnings Call Transcript ... energy, high tech, including aerospace and defense, retail and industrial. For an insight into some of the varying shopper expectations across 17 U.S. cities, click here. However, the percentage of those who anticipate spending less rose slightly compared to last year, from 11% to 15%. “Retailers need to design their products and their business around responsible initiatives; those already on this path could have the edge over their competitors this holiday season and beyond.”. For instance, they expect to spend more this year on fruits, plant-based foods, and organic and vegan foods while spending less on cakes and desserts, other sweet treats and soda. Passionate about Retail Industry, leading IT innovation and driving IT efficiency. Accenture’s 13th annual holiday shopping survey found the vast majority of U.S. consumers plan to spend at least as much this year on holiday gifts as they did last year and will be turning to stores for holiday gift inspiration. 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