When asked whether or not their spending habits had changed during the coronavirus (COVID-19) pandemic, approximately a third of consumers in the United Kingdom (UK) stated they had been shopping online more than usual. Many UK shoppers also tried reducing their overall spending: some did so in order to save more, while for others it was due to with financial hardship.
While computer and mobile shopping were behaviors already adopted by at least one-third of global consumers before COVID-19, the pandemic gave a boost to a variety of e-commerce technologies and services. Among Gen Z and millennials surveyed in 2022, 36 percent said they had adopted contactless payment methods during the coronavirus and continued to use them after the crisis. In contrast, 15 percent said they did so during the health emergency but no longer use them. Moreover, the COVID pandemic also drove the uptake of delivery alternatives such as Buy Online, Pick-up in Store (BOPIS) and curbside pickup.
When asked if their shopping habits had changed after the coronavirus (COVID-19) pandemic, approximately 70 percent of consumers worldwide said they now shopped online more often. About a fifth of respondents said they only changed their shopping habits temporarily to avoid in-store shopping during the pandemic.
Over the course of the next two weeks from mid-February 2021, consumers in the United States intended to increase their spending on groceries and food for home by nearly 20 percent and household supplies by roughly four percent. Shoppers stated that they expected to decrease their spending for most product categories. Spending on jewelry and accessories was expected to be reduced the most over the measured period.
How was shopping behavior influenced by the pandemic?
Over the many weeks and months since the coronavirus (COVID-19) pandemic began, consumers around the world and in the United States had exhibited changes in their shopping behavior. In early 2021, specifically, an estimated 85 percent of American shoppers reported that the crisis impacted their usual shopping habits. Some of the changes seen over the past year included reduced spending, an increased interest in online shopping, the use of home delivery options, as well as a decreased convenience store shopping frequency.
What industries were hit the hardest?
During the first months of the coronavirus pandemic, consumers had spent far less than usual on all kinds of items, including out-of-home entertainment, apparel, jewelry, and accessories. Between March and May 2020, related sectors, such as motor vehicles and parts dealers as well as clothing and accessory stores, had seen a heavy decline in sales in contrast to the previous year. By the end of 2020 and the first months of 2021, however, many of the industries had once again experienced positive sales growth numbers.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
When asked in what ways their shopping behavior had changed during the coronavirus (COVID-19) pandemic in 2021, about six in ten consumers in Germany said it had. That year, roughly half of the survey respondents, who said their consumer behavior had changed, specifically indicated that they had started shopping online more, except for groceries. A considerable share of German consumers also reduced their spending or started investing heavily in their homes. Just shy of 40 percent of respondents stated that the crisis did not affect their shopping habits.
As of March 2020, Singaporeans reported spending more on online grocery shopping and food delivery services, while overseas travel and nightlife saw more than 50 percent decreases in spending among Singaporean consumers. This change in spending habits were brought about by the restrictions on social gatherings to contain the spread of the novel coronavirus in Singapore.
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The global coronavirus pandemic has had a massive negative effect on personal finances. This has encouraged consumers to re-evaluate their pre-pandemic spending patterns, and make changes to their shopping lists to align with new budgets. Read More
Over time, the coronavirus (COVID-19) pandemic drove consumers towards changed shopping attitudes, making this new behavior the new normal. According to a survey fielded in August 2021, nearly 40 percent of consumers in the United States said they had reduced their impulsive buying habits compared to before the crisis. Similarly, many U.S. shoppers had reduced the amount of non-essential purchases they make.
In the past three years, there have been large fluctuations in consumer spending and smaller changes in disposable income in private German households. In 2023, disposable income was up 6.9 percent from the previous year and consumer spending had increased by 6.3 percent. 2022 had the largest increase in consumer spending, at almost 11 percent. Economic situation The economy also has a big impact on people’s spending habits. In the wake of the pandemic, there have been several economic hardships, including extremely high inflation rates. Both 2022 and 2023 saw high inflation rates at 8.67 and 6.03 percent respectively. The general atmosphere among people in Germany is that the economic situation will get worse in the future, which could cause them to be more cautious in their spending habits. This assessment is based on the perspective of the population and not a prediction of the direction in which the German economy is headed. So although it may influence spending patterns to some extent, the amount of money people receive each month and the price of goods will have a much bigger influence. Consumer goods The most popular non-food consumer goods that are bought in Germany are pharmaceuticals, orthopedic products, textiles, and clothing and shoes. The top result is perhaps unsurprising, as medication is something that is not optional to buy for those who are reliant on it and in some cases can be quite expensive. Similarly, clothing and shoes are also essentials and, for some people, a passion, in which case they can spend a substantial amount of money on cultivating their wardrobe. When it came to the best-selling FMCG products, the top three products were pasta products, organic fruit, vegetables, and salty snacks.
In a survey conducted in 2021 in New Zealand, 36 percent of respondents stated that they spent more on their garden compared to before the COVID-19 pandemic.
In 2023, 31 percent of digital buyers in the United States spent somewhere between one and fifty U.S. dollars per month on beauty products on average. Additionally, 27 percent reported that they spent around 51 to 100 U.S. dollars on said products online per month.
The pandemic’s impact on spending
Following the COVID-19 pandemic, U.S. consumers were buying more beauty products online. In both 2021 and 2022, around half of surveyed respondents bought more beauty products using the internet compared to before the pandemic. In 2022, though, fewer consumers than in 2020 reported changing their shopping behavior due to the global health crisis. In terms of income, the more a person earned in the United States, the more likely they were to buy more beauty goods in 2022 than pre-COVID.
Shopping habits Upon starting the online shopping session for cosmetics, nearly 60 percent of U.S. consumers first visit beauty retailer websites, like ulta.com or sephora.com, while the second most-popular starting place was Amazon. While shopping online, it was most common for consumers to read ratings and reviews of products, with six in ten reporting doing so always as opposed to the one percent who never did so. Gen Z shoppers were the group reading product reviews the most often, at 76 percent.
In a survey conducted in May 2020 during the month of Ramadan, 42 percent of respondents believed that they will resume their normal spending habits after the COVID-19 virus is under control in the United Arab Emirates (UAE). This share increased to 47 percent in July after Ramadan. Approximately 90 percent of respondents in the UAE and Saudi Arabia decreased their spending to prioritize needs over wants after the economic pressures of the pandemic.
The dataset consists of self-administered written texts on everyday life during the COVID-19 pandemic. The study aimed to collect information on how people experienced life during the corona pandemic. Participants were invited to write about their future expectations and their lives before and during the pandemic. They were also asked to write about any topics that had been important and relevant to them in the context of the pandemic. The writing guidelines included questions to facilitate writing. The questions prompted the participants to consider whether the COVID-19 pandemic had caused changes in their life or whether their life had remained mostly the same. The participants were asked whether they had formed any new habits or started spending time in new places during the pandemic. Additionally, the guidelines instructed the participants to write about their expectations for the future and their relationship to their own home. The participants could also write a description of their typical day during the pandemic. Background information included the participant's gender, age group, and whether the participant lived in an urban or rural environment. The data were organised into an easy to use HTML version at FSD. The dataset is only available in Finnish.
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According to Cognitive Market Research, the global Used Luxury Goods Selling Service Market size is USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 16.80% from 2023 to 2030.
The sustainability trend boosts demand for pre-owned luxury items, driving growth in used luxury goods selling services.
Online platforms have established dominance in the landscape of used luxury goods selling services.
The used luxury goods selling service market is primarily dominated by bags.
North America will continue to lead, whereas the European Luxury Goods Selling Service Market will experience the strongest growth until 2030.
Surge in Demand for Pre-Owned Luxury Items will Boost Market Growth
The increasing global emphasis on sustainable and eco-friendly practices fuels the demand for pre-owned luxury items. As consumers become more environmentally conscious, the cause-and-effect dynamic emerges, with a growing preference for second-hand luxury goods as a sustainable and ethical choice. This trend not only supports the circular economy but also propels the expansion of used luxury goods selling services, offering consumers an avenue to participate in sustainable fashion consumption.
Digital Transformation Propels Used Luxury Goods Market Expansion
The digital transformation of the retail landscape, coupled with the proliferation of online platforms, has become a driving force behind the expansion of the used luxury goods market. The cause-and-effect relationship unfolds as the convenience and accessibility offered by online platforms create a conducive environment for the buying and selling of pre-owned luxury items. The ease of browsing, authentication processes, and global reach provided by digital channels contribute to the market's growth, attracting a broader audience of consumers interested in sustainable and affordable luxury alternatives.
Market Dynamics of Used Luxury Goods Selling Service
Shifting Consumer Priorities will Restrict the Used Luxury Goods Selling Service Market Growth
The used luxury goods selling service market faced a restraint amid changes in consumer preferences and lifestyle patterns. The cause-and-effect dynamic materialized as the pandemic prompted shifts in spending habits, with consumers prioritizing essential needs over luxury purchases. The decreased demand for pre-owned luxury items reflected the evolving mindset of consumers, emphasizing practicality and essentials. This restraint highlighted the market's responsiveness to changing societal dynamics and the need for adaptability to align with emerging consumer trends in the post-COVID landscape.
Impact of COVID–19 on the Used Luxury Goods Selling Service Market
The used luxury goods selling service market faced disruptions due to COVID-19 as consumers altered spending habits, impacting the demand for pre-owned luxury items. The pandemic led to economic uncertainties, prompting individuals to reassess their financial priorities. While the market experienced increased interest in sustainable and circular fashion, prolonged lockdowns and reduced social events affected the overall demand for second-hand luxury goods. The cause-and-effect relationship between economic uncertainties and shifting consumer behaviors underscored the market's vulnerability to external factors, influencing the dynamics of the used luxury goods selling service sector. Introduction of Used Luxury Goods Selling Service
A used luxury goods selling service market involves the resale or consignment of pre-owned high-end items, providing a platform for individuals to sell or purchase second-hand luxury goods, including fashion items, accessories, and other premium products. These services typically facilitate the exchange of used luxury items, ensuring authenticity and quality verification for both sellers and buyers. The global shift towards sustainability propels the demand for pre-owned luxury items. This eco-conscious trend reflects a cause-and-effect dynamic, favouring second-hand goods as ethical choices. Digital platforms facilitate this growth, offering accessibility, authentication, and global reach, driving the expansion of the used luxury goods market.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Used Luxury Goods Selling Service industry.
For instance, F...
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This study aimed to examine the impact of quarantine on eating habits and lifestyle behaviors among the Lebanese adult population. A cross-sectional study was conducted using an online questionnaire designed on Google Forms between 3 June and 28 June 2020. The survey questions were adapted from the Short Food Frequency Questionnaire, the International Physical Activity Questionnaire Short Form, and the second version of the Copenhagen Psychosocial Questionnaire. A total of 2,507 adults completed the questionnaire. During the lockdown, 32.8% claimed weight gain, 44.7% did not eat fruits daily, 35.3% did not eat vegetables on daily basis, and 72.9% reported drinking less than eight cups of water per day. Moreover, there was a significant increase in the number of meals consumed per day, consumption of homemade meals, sedentary time, stress, and sleeping disturbances during the pandemic compared to before the pandemic (all p < 0.001). However, there was a significant decrease in physical activity engagement, sleep quality, and energy level during the lockdown compared to before the pandemic (all p < 0.001). The study highlights that the COVID-19 lockdown was associated with unfavorable changes in dietary habits and lifestyle behaviors in Lebanon. Sleep and mental health were also negatively impacted by the pandemic.
Reading books remains a popular pastime for U.S. adults, with 75 percent of respondents to a 2021 survey saying that they had read a book in any format within the last year. Despite online media formats now being the preferred option for many consumers when it comes to television, music, and gaming, print books are by far the most popular format among readers in the United States. Whilst almost double the share of adults now read audiobooks compared to 2011, only 23 percent claimed to have read an audiobook in the last year compared to 65 percent who said that they had read a print book.
Book sales in the United States
In 2020, bookstore sales in the United States amounted to 8.84 billion U.S. dollars. Sales in 2019 and 2020 were the lowest recorded since the early 1990s, and the combined effect of the coronavirus outbreak, along with the growing appeal of online purchasing, will likely mean that bookstore sales will continue to drop. Bookstores tend to see most success in August, December, and January, and sales revenue often surpasses one billion U.S. dollars in those months each year. That said, monthly retail sales of bookstores in the U.S. are notably lower overall than in previous years and were particularly poor in spring 2020 as a result of national shutdowns to stem the spread of COVID-19.
Influence of COVID-19 on reading habits
The coronavirus pandemic led to increased media consumption in general, but not only among avid video and music streaming fans. Data from a survey in March 2020 revealed that 40 percent of Millennials read more books due to the COVID-19 outbreak, making consumers in this group the most likely to have done so compared to 33 percent of the total survey sample. Meanwhile, 61 percent of Boomers said that their reading habits had not changed.
According to a survey on the future of e-commerce after the COVID-19 pandemic, 81 percent of male respondents in Saudi Arabia expected to stick to their online shopping habits after the COVID-19 outbreak. Approximately 90 percent of respondents in the UAE and Saudi Arabia decreased their spending to prioritize needs over wants following the economic pressures of the pandemic.
10-second interval electricity data (real and reactive power) of 390 apartments located in >12 residential buildings in New York City (Jan 2019 - Dec 2021), published at level of 15 aggregated apartments per trace ("15/15 rule"). In line with stay-at-home and/or work-from-home patterns prompted by the pandemic and the emergence of a "new normal" thereafter, annual average load per apartment in MFRED increased from 343 Watt in 2019 to 360 Watt in 2020, and then fell again to 347 Watt in 2021 and 340 Watt in 2022. Files attached with this dataset cover 2022. Data for 2019 as well as comprehensive explanations of the dataset can be found in Meinrenken et al. (doi.org/10.1038/s41597-020-00721-w), which is attached. Data for 2020 and 2021 can be found in Meinrenken et al. (doi.org/10.7910/DVN/EJ2C4F).
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These are the frequencies of food group weekly consumption before and during the quarantine.
According to a worldwide survey, 67 percent of respondents in New Zealand said they had reduced spending due to the coronavirus pandemic. Elsewhere, 33 percent of respondents in New Zealand said they had shifted to online shopping.
When asked whether or not their spending habits had changed during the coronavirus (COVID-19) pandemic, approximately a third of consumers in the United Kingdom (UK) stated they had been shopping online more than usual. Many UK shoppers also tried reducing their overall spending: some did so in order to save more, while for others it was due to with financial hardship.