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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Advantage Solutions Inc | NASDAQ:ADV | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.67 | 3.70 | 5.68 | 2 | 13:09:35 |
Among the 62% of all respondents who plan to host a Thanksgiving gathering this year, one in three stated they will host fewer people due to inflation’s impact on food prices.
When it comes to gift giving this holiday season, nearly half (47%) of gift buyers stated inflation will alter how they plan to spend this holiday season. Among this group, 63% expect to buy fewer gifts this year compared to last year, including the 13% who plan to spend more money but buy fewer presents.
“There is no doubt that the rising cost of food and other goods will have a direct impact on how Americans celebrate the holidays this year,” said Gil Phipps, senior vice president, global customer solutions for Advantage Solutions. “With inflation remaining stubbornly high, expect to see smaller Thanksgiving gatherings, with more households hosting, as shoppers struggle to make ends meet.
Among the survey’s other findings:
“Shoppers are expecting inflation to meaningfully impact their gift purchases this holiday season,” Phipps said. “Many shoppers say they will shop around and even look to alternative channels to find value in their gift purchases. This will add additional pressure to these already busy times. Shoppers will feel the dual stresses of stretched budgets, and with more time spent searching for bargains, less time to savor the season.”
Download the full report here.
About Advantage SolutionsAdvantage Solutions is a leading provider of outsourced sales and marketing solutions to consumer goods companies and retailers. Our data- and technology-driven services — which include headquarter sales, retail merchandising, in-store and online sampling, digital commerce, omnichannel marketing, retail media and others — help brands and retailers of all sizes get products into the hands of consumers, wherever they shop. As a trusted partner and problem solver, we help our clients sell more while spending less. Headquartered in Irvine, California, we have offices throughout North America and strategic investments in select markets throughout Africa, Asia, Australia and Europe, through which we serve the global needs of multinational, regional and local manufacturers. For more information, visit www.advantagesolutions.net.
Peter Frostpress@advantagesolutions.net
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