
Acxiom® Study Reveals
Which Consumer Groups Are Most Likely to Spend During Challenging Economic Times
Behavior-based
segmentation helps retailers improve strategies to connect with consumers
LAS VEGAS–
(Oct. 14, 2008) − Acxiom® Corporation (Nasdaq: ACXM ) today announced the
release of the first issue of its Retail Consumer Dynamics Study (RCD), an
industry-specific analysis of consumer shopping behavior and attitudes in
today’s difficult economic times. The study revealed variations in how each
consumer segment looks at the economy today and how that perception affects
whether and how they will defer spending; the type of stores they will visit;
and generally how they go about their daily shopping.
Retail Consumer Dynamics is based on an integrated data set combining consumer
survey study findings with Acxiom’s consumer demographic, life stage and
lifestyle information. The survey was conducted by BIGresearch, a consumer
intelligence firm, and the analysis using 18,924 panel data points was performed
by Acxiom.
“Even though all consumers are facing huge economic uncertainty, their responses
differ − and not along conventional demographic lines,” said Jie Cheng, vice
president of analytics and consumer insights at Acxiom. “Rather than thinking in
simple terms of who is spending more versus who is spending less, this study
allows us to see how consumers are making their decisions on when and where to
shop and what to purchase.”
Acxiom’s study identifies nine consumer behavioral segments that provide
retailers with new, actionable insights to improve their ability to connect with
key consumer targets. The study places these segments into three distinct groups
reflecting consumers’ potential future behavior − those likely to loosen up on
spending sooner, those not likely to change from current behavior, and those
tightening spending and retreating further.
Insights drawn from this distinctive study allow retailers to anticipate
shopping patterns and plan accordingly.
Key research findings include:
• “Savvy Spenders” (mostly married, affluent, both young and mature, living in
outer suburbs and rural communities) are more likely to spend sooner than other
segments, given some improved circumstances
• Of the “Savvy Spenders,” 37 percent are shopping sales more often
• “Savvy Spenders” favor department stores for their combination of category
offerings and brand/price options
• Those likely to shop more online are the “Tight with Purpose,” who are married
with children, upper middle income with professional or management careers
• The “It’s My Life” segment − mostly affluent young consumers maintaining a
child-free city lifestyle − are not letting current economic conditions change
their shopping behavior. They shop in category killer stores to benefit from the
blend of brand selection and price.
“This challenging economy creates an exceptional opportunity for retailers and
consumer product manufacturers to target direct messages to specific consumer
segments in order to sustain and maximize a return on marketing investment,”
said Jim Harold, industry executive for retail and consumer markets at Acxiom.
“BIGresearch is excited to see Acxiom applying the consumer insights from our
surveys to create actionable guidance for their clients,” said Gary Drenik,
president and CEO of BIGresearch. “The combination of BIGresearch’s ongoing
consumer panel surveys with Acxiom’s PersonicX® consumer life stage segmentation
system provides an accurate look at how the weak economy is affecting shoppers.”
The Retail Consumer Dynamics study is powered by Acxiom’s InfoBase-X™, the
largest, most accurate, comprehensive and multi-sourced data collection of U.S.
consumer information in one source. PersonicX is Acxiom’s household-level
segmentation suite that places U.S. households into one of 70 distinct segments
and 21 life-stage groups based upon specific consumer behavior and demographic
characteristics.
For a copy of Acxiom’s Retail Consumer Dynamics study, please link to
http://www.acxiom.com/retailconsumerdynamics.
About Acxiom
The global leader in interactive marketing services, Acxiom connects clients
with their customers through deep consumer insight, powering effective and
profitable marketing initiatives and business decisions. Our consultative
approach spans multiple industries and incorporates decades of experience in
consumer data and analytics, information technology, data integration and
consulting solutions for effective marketing across digital, Internet, email,
mobile and direct mail channels. Founded in 1969, Acxiom is headquartered in
Little Rock, Ark., and serves clients around the world from locations in the
United States, Europe and Asia-Pacific. For more information about Acxiom, visit
www.acxiom.com
About Acxiom Retail and Consumer Markets
The world’s leading retail and consumer goods companies rely on Acxiom’s
consumer-centric solutions to acquire, grow and retain loyal and profitable
customer relationships by optimizing their marketing dollars.
About BIGresearch
BIGresearch is a consumer intelligence firm providing analysis of behavior
in areas of products and services, retail, financial services, automotive, and
media. BIGresearch’s syndicated Simultaneous Media Survey (SIMM) is focused on
consumers to gauge their consumption across media, products and services.
Marketers can use SIMM to develop the types of consumer-centric marketing plans
required to increase advertisers’ ROI. The SIMM monitors more than 15,000
consumers twice each year. They also conduct the Consumer Intentions and Actions
Survey (CIA) which monitors the pulse of more than 7,000 consumers each month.
BIGresearch’s methodology provides the most accurate consumer information in the
industry with a margin of error of +/- 1 percent.
http://www.bigresearch.com
Contacts:
BIGresearch
Acxiom Corporation
Dianne Kremer Carol Cassil,
APR
dianne@bigresearch.com 501.252.8854
614.846.0146