http://edphelps.com Compelling Commentary On Life, Design & Marketing Fri, 30 Jul 2010 12:26:38 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 2006-2007 ed@edphelps.com (Edward Phelps Blog) ed@edphelps.com (Edward Phelps Blog) posts http://edphelps.netwkz.com/wp-content/plugins/podpress/images/powered_by_podpress.jpg http://edphelps.com 144 144 Compelling Commentary On Design & Marketing Edward Phelps Blog Edward Phelps Blog ed@edphelps.com no no http://edphelps.com/marketing/predictions-for-a-challenged-economy/34 http://edphelps.com/marketing/predictions-for-a-challenged-economy/34#comments Wed, 08 Apr 2009 12:46:00 +0000 Edward Phelps http://edphelps.com/?p=34 As retail sales plummet across all major verticals and job losses continue at record pace, I thought I’d share some predictions for the near to mid-term future of consumer behavior.

• Sales of non-essentials will remain flat.
• Homemade gifts will become popular.
• Sales of arts & crafts materials will grow (i.e.: fabrics, decorative papers, glues, fasteners, etc.)
• Designer clothing will sell at discount prices.
• Housing sale will remain flat.
• Renting will become the predominant primary housing format.
• Cellphone usage will rise, but plan rates will fall.
• Online entertainment consumption will not grow as fast as expected.
• Movie attendance will grow.
• Live entertainment sales will fall (even more).
• Intra-personaL transactions will rise as people share more amongst themselves.

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