PC Gaming Accessories Market Rising Demand, Advancements and Business Outlook 2020 to 2026

The MarketWatch News Department was not involved in the creation of this content.

Dec 02, 2020 (Market Insight Reports) —
The Global PC Gaming Accessories Market research report primarily aims to hint at opportunities and challenges in the Global industry. The report also underscores potential risks, threats, obstacles, and uncertainties in the market and helps clients in intuiting them precisely and operating their business accordingly. The report covers an extensive span of the global PC Gaming Accessories market ranging from historical and current events to futuristic stich of the market.

Click the link to get a Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/05212032064/Global-PC-Gaming-Accessories-Market-Report-2020-by-Key-Players-Types-Applications-Countries-Market-Size-Forecast-to-2026-Based-on-2020-COVID-19-Worldwide-Spread/inquiry?source=&Mode=48

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global PC Gaming Accessories Market:Turtle Beach, Cooler Master, ROCCAT, Corsair, Tt eSPORTS, Sennheiser, SteelSeries, Plantronics, Mad Catz, QPAD, ZOWIE, Logitech G (ASTRO), Thrustmaster, Trust, Razer, HyperX, Sharkoon

The interactive entertainment industry grew very well and continued to innovate a new platform to reach gamers throughout the world. Gaming accessories consist of all other devices rather than hardware and software used in gaming systems; These include controllers, gamepads, keyboards, cameras, virtual reality headsets and more. In recent years, an increase in smartphone adoption has accelerated demand for gaming accessories throughout the world. In addition, technology such as virtual reality (VR) and artificial intelligence (AI) also triggered the growth of the global game accessories market.

This report segments on the basis of Types:

Headsets

Mice

Keyboards

Surfaces

Controllers

Split On the basis of Applications:

Online sale

Specialty store

Supermarket

Others

Regional Analysis:

For comprehensive understanding of market dynamics, the global PC Gaming Accessories Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/05212032064/Global-PC-Gaming-Accessories-Market-Report-2020-by-Key-Players-Types-Applications-Countries-Market-Size-Forecast-to-2026-Based-on-2020-COVID-19-Worldwide-Spread?source=&Mode=48

What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study

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South America Pet Care (Food, Grooming, Accessories & Healthcare) Market Outlook, 2020-2025 with 2019 as the Base Year – ResearchAndMarkets.com – Press Release

DUBLIN–(Business Wire)–The “South America Pet Care (Food, Grooming, Accessories & Healthcare) Market Outlook, 2025” report has been added to ResearchAndMarkets.com’s offering.

The report gives an all-round analysis of the South American pet care market, which is increasing day by day. In this, the millennial plays a considerable role in pet adoption as they consider the pet as humans and are willing to take care of them.

As urbanization continues and disposable income rises, more consumers are turning towards pet companionship. As South American people shifted from pet ownership to pet parenthood, opportunities in every pet care segment have increased for any company that wants to capitalize on it.

The rise of e-commerce and other technologies have pushed the market on the path of growth. As the ownership of pets is increasing, the segments associated with the pet care market like pet accessories, pet grooming, pet healthcare, are also rising, with people are becoming aware of pet health, well-being, and comfort.

Globally, the South American pet care market stands at fourth position, which has generated a revenue of above USD 9 Billion. The pet care market is still at a growing stage but has posted the fastest growth when compared to the top three regions globally. In certain countries, the grooming and accessories market is not explored to its maximum & thus providing opportunities to the companies.

The pet food market has the largest share in the South American pet care market, as the people are becoming more aware and responsible for what they are feeding to their pets. This growing awareness will let the market grow with an expected CAGR of above 6% in the forecasted period till the year 2025.

The pet food market is followed by pet services, which include accessories, healthcare, and grooming. The overall market trend related to pet grooming products has been observed with both the economical and premium quality being in demand.

In countries like Brazil and Argentina, people are spending more on the health and well-being of the pet, which has given a significant growth in the grooming service segment. Pet grooming products have observed the fastest growth at a rate of 6% CAGR historically. Brazil has established itself among the top five pet care markets globally in terms of the retail value of sales over the past few years, achieving tremendous growth even during the economic recession the country has faced since 2014.

Major players in the market

  • Nestle SA
  • Mars Incorporated
  • Colgate-Palmolive
  • J M Smucker
  • Blue-Buffalo
  • Champion Pet Foods
  • NicoluzziRacoes
  • United Pet Group Inc

Considered for the report:

  • Base year: 2019
  • Estimated year: 2020
  • Forecasted year: 2025

Key Topics Covered:

1 Executive Summary

2 Methodology

3 Regional Analysis

4 Global Pet Population Analysis

4.1 By Country (Dog/ Cat/ Bird/ Fish)

5 Global Pet Care Market Outlook

5.1 Market Size By ValueBy Segment

5.2 Market Share

5.3 Global Pet Food Market Outlook

5.4 Global Pet Healthcare Market Outlook

5.5 Global Pet Accessories Market Outlook

5.6 Global Pet Grooming Market Outlook

6 South

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Global Bike Clothing Market 2020 Growth Statistics, New Opportunities, Competitive Outlook and COVID-19 Analysis 2025

The MarketWatch News Department was not involved in the creation of this content.

Nov 24, 2020 (CDN Newswire via Comtex) —
Global Bike Clothing Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 is a conclusive source of information that encapsulates vital details about the market flow as well as future status during the mentioned forecast period of 2025. The report performs a comprehensive analysis of all the significant factors, including threats, prospects, and industry-specific trends, impacting the market on a global and regional scale. The report analyses the global Bike Clothing market, the market size, and growth, as well as the major market participants. Further, the report evaluates the upstream situation, market segmentation, market segmentation, price & cost, and industry environment.

Past, Current and Future Market Analysis:

The report highlights the potential opportunities for the market players and future trends of the global Bike Clothing market by a logical and calculative study of the past and current market scenario. The report offers up-to-date multiple market data on the market situation and future outlook for the market. This market report renders historical market data from 2015 to 2019, and forecasts from 2020 till 2025. This research study provides details about industry overview, industry chain, market size (sales, revenue, and growth rate), gross margin, major manufacturers, development trends, and forecast.

DOWNLOAD FREE SAMPLE REPORT:https://www.marketquest.biz/sample-request/29604

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Competitive Study:

The global Bike Clothing industry is extremely competitive because several established companies are adopting different marketing strategies to increase their market share. The vendors engaged in the sector are outlined based on their geographic reach, financial performance, and product portfolio. The vendors are taking different strategic moves, along with customer interaction.

The key companies in the global Bike Clothing industry include- Adidas, Rapha, MERIDA, Mavic, Assos, Specialized Bicycle, Castelli, Capo, TREK, Marcello Bergamo, Mysenlan, Jaggad, JAKROO, CCN Sport, Pearl Izumi, GIANT

Segmentation by product type and analysis of the market: Jerseys, Long Sleeve Shirts, Pants, Shorts, Other

Segmentation by application and analysis of the market: , Professional Players, Amateur Players

Geographically the market report is divided into some major key regions, with sales data, revenue data (Million $$ USD), share data, and growth rate of the industry for mentioned regions. This Bike Clothing market report offers examination and growth of the market in these districts covering North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

ACCESS FULL REPORT:https://www.marketquest.biz/report/29604/global-bike-clothing-market-2020-by-manufacturers-regions-type-and-application-forecast-to-2025

What Insights Does The Bike Clothing Market Report Provide?

  • Market fragmentation is done on the basis of product type, end-use, and region
  • Comprehensive assessment of upstream starting materials,
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Pandemic fails to put a crimp in holiday shopping outlook

The pandemic hasn’t derailed holiday shopping this year — at least not yet.

Retail sales are on track to grow by as much as 5.2 percent to $767 billion during November and December as many consumers enter the holiday season with fatter savings accounts and less debt, according to a forecast by the National Retail Federation. 

“We’ve seen consumers very engaged, looking for an opportunity to celebrate and they have moved into real consumption mode,” NRF chief executive Matthew Shay said during a Monday media briefing.

At the same time, the trade group cautioned that sales could rise just 3.6 percent or less — compared with a 4 percent increase in 2019 — because of the economic uncertainty surrounding surging numbers of COVID-19 cases across the country, which could result in states and cities shutting down their local economies as they did earlier this year.

“It’s hard to quantify such uncertainty,” NRF chief economist Jack Kleinhenz said during the call.

The economist said the shopping forecast assumes that unemployment will remain around the October level of 6.9 percent, adding, “a lot will depend on the labor force participation rate and those receiving benefits.”

Sales were up by 10.6 percent in October compared to a year ago — in part because people started shopping earlier — but they were also up by 6.4 percent for the first 10 months of the year compared to the same period in 2019, according to the NRF.

“We have had a record level of savings and less spending on travel and entertainment, so consumers have more dollars in their wallets to spend right now,” Kleinhenz said, pointing to federal stimulus checks that arrived this summer as a contributing factor.

The NRF also expects online sales to increase by 20 to 30 percent in November and December compared with a year ago.

E-commerce sales were up 37 percent in the third quarter, but it is not expected to continue at that clip, Shay said. 

“There is a pumping of the break with the long shadow of the surging virus and government benefits expiring,”  for many people, Shay added.

Source Article

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The outlook for older women in Australia is dire – but no one seem to care | Jane Caro | Opinion

Every time I speak up publicly about the very real plight facing older women in Australia – as I did on last week’s Q&A – I get inundated with messages on social media. But virtually all of those messages are from other older women. They confide in me their terror of homelessness and the inescapability of their poverty. They tell me of the indignities and humiliations they suffer at the hands of a punitive and indifferent welfare system, and they whisper dark stories of domestic violence, neglected health and isolation. These women are my peers (I am 63). They are the girls I went to school with, my sisters, neighbours, cousins and friends. We all started out with the same hopes and optimism about our future but, for far too many women of my generation, those hopes have turned to ashes.

Covid-19 has made everything worse in all sorts of ways, but it holds particular perils for those of us who are older. There are the losses that cannot be helped – the increase in isolation, the loss of contact with grandchildren and other relatives, and the need to take greater precautions when we venture out – but that is not the worst of it. Covid-19 has both unveiled and accelerated the discrimination and systemic burdens that make women more vulnerable to poverty throughout their lives. A vulnerability that snowballs as we age.

Prior to Covid, women over 55 were already the fastest growing group among the homeless. Research released in August estimated that 400,000 women over the age of 45 currently face this fate. Women who are in the private rental market, who are not employed full time and are a sole parent have a 64% risk of losing the roof over their head. If they have been homeless before, this risk increases to a staggering 83%! These figures are grim, but has anyone noticed? Is there an outcry? Does anyone – apart from the women themselves – actually care?

Education used to be one of feminism’s good news stories. Australian women are among the best educated in the world. However, thanks to Covid, even this may be changing. There has been a drastic fall in university enrolments by women and girls – 86,000 fewer in 2020. That’s not just hopes, dreams and talent going up in smoke, that’s a lifetime of increased earning capacity lost. Male enrolments have fallen too, but at a far lower rate. No doubt female aspirations have not been helped by the federal government’s bizarre decision to price degrees popular with women students beyond reach. And, despite the rhetoric, many women who dreamt of studying the humanities haven’t gone into Stem. It seems many have given up the idea of attending university at all.

The recent budget, touted as all about jobs, did little or nothing to help. It did

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Black Friday and Fashion’s Cloudy Holiday Outlook | BoF Professional, The Week Ahead

THE CHEAT SHEET

What’s the Deal With Black Friday This Year?

Holding the right kind of sales can also boost profits and get shoppers excited. Shutterstock

Holding the right kind of sales can also boost profits and get shoppers excited. Shutterstock

  • Nearly 190 million Americans shopped over the five days spanning Thanksgiving through Cyber Monday in 2019, according to the National Retail Federation

  • This year the NRF and others are predicting lower spending, with the pandemic complicating forecasts

  • Some brands are hoping to break the cycle of discounting by avoiding steep markdowns this year

Will the pandemic spoil retailers’ holidays? With the all-important Black Friday sales event less than a week away, industry experts still aren’t sure. Normally, predicting retail sales is a matter of tracking the right economic indicators, and drilling down on consumer trends. But with the shift to online shopping during the pandemic and the uncertain economic outlook in many countries, nobody’s quite certain what consumers are going to do. Quartz notes that sales forecasts range from a small contraction to an increase nearly on par with the last few years.

There are high stakes for retailers to get it right. Demand forecasting, a tricky science even in normal times, is used to determine which products to buy, in what quantities and where to store them. After a dismal 2020, few brands can afford to be left with mountains of unsold inventory in January, or to miss out on sales due to shortages. The worst off need strong holiday sales if they’re to survive into 2021 at all.

The Bottom Line: The wisdom of Black Friday discounting is also coming under fresh scrutiny in a year that’s already seen wave after wave of sales due to the pandemic’s disruptions. When the average markdowns in May 2020 were on par with Thanksgiving week in 2019, consumers may have a higher threshold for doorbusters this week.

Brands Look Beyond the Mall

American Eagle store. Shutterstock.

American Eagle store. Shutterstock.

  • Gap, Abercrombie & Fitch and American Eagle Outfitters are among the retailers reporting results this week

  • Gap recently outlined am ambitious turnaround plan, including closing stores and selling fewer and more on-trend items

  • Abercrombie and American Eagle have fared relatively well, thanks to strong digital sales and, for American Eagle, continued growth in its Aerie intimates brand

Few retailers are more closely associated with the American mall than Gap, Abercrombie and American Eagle. All three brands have spent much of 2020 imagining a future outside it. Abercrombie and American Eagle have reported surprisingly robust online sales, indicating their teen customers like their brands enough to seek them out even when stores were closed (American Eagle can also lean on its still-hot Aerie intimates brand). Gap had no such reservoir of goodwill to draw on when the pandemic hit. The brand is embarking on a shakeup that will close hundreds of Gap and Banana Republic stores, envisioning 80 percent of locations will be outside malls in 2023. Abercrombie and American Eagle are also paring back their store networks, though not as aggressively.

The Bottom Line: Closing underperforming stores may

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Beauty Devices Market Size Is Estimated to Grow at a CAGR of 7.8% By 2023 | Growth Outlook, Latest Trends and Sales Statistics

Beauty Devices Market Size, Trends and Growth Analysis By Product (Hair Care (Hair Removal, Growth, and Styling Devices), Skin Care (Light/Led, Photo Rejuvenation Therapy, Cellulite Reduction, Acne Removal) Oral Care), Application, End User- Forecast till 2023

Beauty Devices Market Overview

The focus on personal grooming and overall aesthetic appeal is estimated to fuel the beauty devices market. The medical device reports are made by Market Research Future, which includes market options for expansion. A CAGR of 7.8 % is foreseen to enhance the global market in the forecast period.

The escalated spending level of individuals has risen, and it is predicted to sway the overall development of the market for beauty devices in the impending years. The improvement in product design and features of beauty devices is foreseen to motivate the beauty devices market companies in the future.

Request Free Sample Copy of the report “Beauty Devices Market Research Report- Global Forecast till 2023” at:  https://www.marketresearchfuture.com/sample_request/562

Beauty Devices Market Segmental Analysis 

The segmental investigation of the beauty devices market is carried out on the basis of application, type, region, and end-user. Based on the type, the beauty devices market is segmented into skincare, haircare, oral care, and others. The hair care segment further comprises of hair growth devices, hair styling devices, hair removal devices, and others and the skincare segment further consists of cellulite reduction devices, acne removal devices, light/led and photo rejuvenation therapy devices, and others. On the basis of application, the beauty devices market is segmented into commercial purpose, among others. The commercial purpose segment comprises of hospitals, salon, clinics, spas, and others. Based on the end-user, the beauty devices market is split into professional and personalized. On the basis of regions, the beauty devices market is segmented into the Asia Pacific, the Middle East, the Americas, Europe, and Africa.

Beauty Devices Market Regional Analysis

The regional investigation of the beauty devices market is segmented into the Asia Pacific, the Middle East, the Americas, Europe, and Africa. The Americas beauty devices market is likely to direct the global market due to collective patient with PCOS, well-built technology, intensifying elderly population, and growing administration backing for research & development. Additionally, improved R&D activities and the focus of major businesses have powered the development of the beauty devices market in this region.

The European regional beauty devices market is developing due to the government backing for R& D and accessibility to funds for research. The Asia Pacific regional market is the fastest mounting learnt beauty devices market due to the presence of speedily developing healthcare equipment, enormous patient population, and elevated healthcare spending. Also, the collective demand for novel treatment methods in nations like India and China is expected to appear as the quickest growing beauty devices market. On the other hand, the Middle Eastern and African region is looking forward to a well-appointed growth in the pending years.

Beauty Devices Market Competitive Analysis

The need for creation for robust business models is estimated to be undertaken more aggressively in

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Auto Parts and Accessories Market Size 2020 : Top Countries Data with Global Demand Analysis and Opportunity Outlook 2024

The MarketWatch News Department was not involved in the creation of this content.

Nov 12, 2020 (The Expresswire) —
The Global “Auto Parts and Accessories Market”was valued at 1969100 million USD in 2020 and is expected to reach 2543700 million USD by 2024, at a CAGR of 4.4% during the forecast period. The increasing use of Auto Parts and Accessories in OEMs, Aftermarket and other industries is driving the growth of the Auto Parts and Accessories market across the globe. The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Auto Parts and Accessories market based on Types i.e. Driveline and Powertrain, Interiors and Exteriors, Electronics, Bodies and Chassis, Seating, Lighting, Wheel and Tires, Others, In this study, 2019 has been considered the base year and 2020-2024 as the forecast period to estimate the Auto Parts and Accessories market size.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Final Report will add the analysis of the impact of COVID-19 on this industry.

TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT – REQUEST SAMPLE

Short Description About Auto Parts and Accessories Market:

Auto parts and components include bodies, chassis, interiors, exteriors, seating, powertrains, electronics, mirrors, closures, roof systems and modules, etc. All the parts and components are installed in a car to supply the best driving experience.

Get a Sample PDF of report-https://www.360researchreports.com/enquiry/request-sample/13814034

The research covers the current Auto Parts and Accessories market size of the market and its growth rates based on 5-year records with company outline ofKey players/manufacturers:

● Robert Bosch ● Denso Corp. ● Magna International ● Continental ● ZF Friedrichshafen ● Hyundai Mobis ● Aisin Seiki ● Faurecia ● Lear Corp. ● Valeo ● Delphi Automotive ● Yazaki Corp. ● Sumitomo Electric ● JTEKT Corp. ● Thyssenkrupp ● Mahle GmbH ● Yanfeng Automotive ● BASF ● Calsonic Kansei Corp. ● Toyota Boshoku Corp. ● Schaeffler ● Panasonic Automotive ● Toyoda Gosei ● Autoliv ● Hitachi Automotive ● Gestamp ● BorgWarner Inc. ● Hyundai-WIA Corp. ● Magneti Marelli ● Samvardhana Motherson…….

Scope of the Auto Parts and Accessories Market Report:

The classification of Auto Parts and Accessories includes Driveline and Powertrain, Interiors and Exteriors, Electronics, Bodies and Chassis, Seating, Lighting, Wheel and Tires, etc. The proportion of Driveline and Powertrain in 2016 is about 25%, and the proportion is in decreasing trend from 2012 to 2016.Auto Parts and Accessories is widely used in OEM and Aftermarkets. The former account for market share more than 67%, while the latter account for the rest. For frequently replaced parts and components, the price in Aftermarket generally lower.China is the largest consumption place, with a consumption market share nearly 25% in 2016 due to the fast growing automotive industry. Following China, USA and Europe are also the important consumption

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PayPal tops estimates amid surge in online shopping but outlook disappoints

(Reuters) – PayPal Holdings Inc beat Wall Street estimates for quarterly revenue and profit on Monday, boosted by a surge in digital payments as COVID-19 lockdowns worldwide drove more businesses online, but it forecast current-quarter profit below expectations.

FILE PHOTO: The German headquarters of the electronic payments division PayPal is pictured at Europarc Dreilinden business park south of Berlin in Kleinmachnow, Germany, August 6, 2019. REUTERS/Fabrizio Bensch/File Photo

Shares of the digital payments processor fell more than 6% in extended trade.

For the fourth quarter, PayPal expects adjusted profit to grow in a range of 17% to 18%, below analysts’ estimated growth of about 24%, according to IBES data from Refinitiv.

PayPal Chief Executive Dan Schulman said in a call with analysts that the company was giving a more prudent estimate for the fourth quarter in part because of uncertainty due to the pandemic and its impact on the global economy, as well as Tuesday’s U.S. presidential election and concerns about social unrest.

Like other companies in the digital payments sector, PayPal has been profiting from a boom in online transactions this year, heavily driven by pandemic restrictions that have pushed more business into the virtual realm.

The San Jose, California-based company processed a total of $247 billion in payments in the third quarter, up 36% from the year-earlier period, and added 15.2 million net new active customers.

The company said it was on track to process just shy of $1 trillion in payments this year.

While pandemic lockdowns eased in many regions during the third quarter, PayPal said momentum for digital payments continued, and it recorded its all-time highest daily payments volume level in October.

“The world continues to accelerate towards a digital first economy,” Schulman said in an interview. “That drove an incredibly strong quarter for us.”

Revenue rose about 25% to $5.46 billion, compared with analysts’ average estimate of $5.43 billion.

Venmo, the company’s service which allows individuals in the United States to send each other money through an app, processed $44 billion in payments in the third quarter, up 61%.

The company forecasts revenue for Venmo to approach $900 million in 2021, Schulman said.

PayPal has been focusing on expanding the breadth of services available to customers of its online wallets.

In October PayPal announced it would allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.

On an adjusted basis, PayPal earned $1.07 per share. Analysts had expected it to earn 94 cents per share.

Net income jumped to $1.02 billion, or 86 cents per share, for the quarter ended Sept. 30, from $462 million, or 39 cents per share, a year earlier.

Reporting by Niket Nishant and Eva Mathews in Bengaluru and Anna Irrera in London; Editing by Leslie Adler

Source Article

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Adyen’s 2020 Retail Report Reveals American’s Shopping Habits and Post-Pandemic Outlook

SAN FRANCISCO, Oct. 15, 2020 /PRNewswire/ — Adyen, the global payments platform of choice for many of the world’s leading companies, today announced U.S.-specific findings from its 2020 Global Retail Consumer Survey which explored how consumers’ perspectives and spending habits shifted during the COVID-19 pandemic and what their outlook will be post-pandemic. The study revealed that even during a time when America’s unemployment rates are at their highest, two things matter more than price for many consumers: brand loyalty and experience.

New 2019 logo Adyen

“The businesses that have risen to the top and will make it through the other side during these challenging times all have something in common — they are trailblazers in enabling technology that gives consumers the convenience and access that social distance orders took from them. Based on our survey, there’s no going back now — more than four out of ten of consumers say that the convenience of the shopping experience is more important to them than the price of items,” said Roelant Prins, Chief Commercial Officer at Adyen. “Additionally, nearly half of Americans surveyed said they will shop to support brands they want to see survive.”

Loyalty is paramount: strong relationships and brand equity are crucial
The study revealed that the majority of Americans remained loyal to their local shops and restaurants and will continue to do so. During difficult times, the normality of a familiar face and your favorite cup of coffee is a comfort.

  • 69% said they intend to continue shopping with/supporting retailers that they relied on during the pandemic
  • 63% said they expect to shop more with retailers located nearby because they want them to stay open
  • 51% said they intent to go out of their way to shop with responsible businesses that demonstrated a social conscience/engaged with charitable initiatives during the pandemic
  • 47% said they expect to shop with important heritage or traditional brands that they want to see survive

Adyen’s platform saw a ~60% increase in online retail volume compared to the beginning of the year and the survey data also reflects that technology played a key role in keeping consumer spending afloat.

  • 57% said retailers used technology well to make their products available during the pandemic
  • 58% said restaurants, cafes, etc. used technology well to make their services available during the pandemic

Life After COVID-19
When Americans think about shopping after the coronavirus pandemic, the survey revealed that 58% are excited to shop in store for pleasure again but the convenience offered by digital experiences will stick, especially among the digital natives.

  • 41% said they are going to shop online more than they did before the pandemic, with Millennials leading the charge (58%) followed by Gen X (37%) and Boomers (30%)
  • 28% said they are going to use subscription services for products (e.g., food, beauty, etc) to reduce the amount of times they need to shop. This was higher among men (33%) than women (25%), and Millennials have shown they are much more interested in subscription services (54%)
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