People have changed in dramatic ways over the past five years, and businesses should take that into consideration this holiday season.
“As people’s values change, so do their shopping habits. To market effectively, businesses should be aware of how their prospective customers have changed,” says Marsha Friedman, CEO of EMSI Public Relations in Wesley Chapel, Fla.
Consumers are fussier, and while recessionary budget concerns are one reason for that, thrift is not the only value affecting consumer choices, Friedman says.