WINE INDUSTRY INSIGHT
EMAIL EDITION - VOLUME I, NUMBER 133 - November 18, 2009
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Nielsen Sees Little Holiday Cheer Ahead for Online Retail
November 18, 2009
Ken Cassar, Vice President, Industry Insights, The Nielsen Company
Although retailers have been thinking about the 2009 holiday season since last January, consumers are just starting to think about their holiday plans. As we do every year, Nielsen fielded its annual holiday retail survey at the beginning of this month to get an understanding of consumers’ holiday shopping plans. While the economy appears to be improving at a snail’s pace, it’s apparent that many consumers intend to spend less and save more this holiday season. In fact, some 42 percent of respondents stated that compared to a year ago they were planning on spending less money on holiday gifts, compared with only 4 percent who intend to spend more.
An even more surprising trend is that of the money that consumers plan to spend this holiday season, a smaller percentage will be spent online: 63 percent of survey respondents said that they would do at least some holiday shopping online, down 10 points from two years ago. Meanwhile, 7 percent of respondents said they would not do any shopping online compared to just 1 percent in 2007.
Consumers Expect to Spend Less Money Online this Year
Among those that do plan to shop online this holiday season, many consumers expect to spend significantly less than last year. In 2008, 42 percent answered that they would spend more than $300 online during the holiday season. This year, that percentage has dropped to just 31 percent, while 22 percent of respondents said that they are going to spend less than $100 online.
So why do some consumers shop online? Interestingly, the main reason is not to save money, but for convenience. Respondents said the top reason they would shop online was the ability to shop whenever they wanted, followed closely by the ability to avoid the large crowds associated with holiday shopping.
While consumers appear to no longer view the Internet as a value channel, they still see it as a place to do comparison shopping, find coupons and do research. And it’s not just consumers coming from lower household incomes–shoppers of all ages and income levels rely on the Internet to inform their in-store purchases. In October 2009, over one-third of the U.S. online population visited at least one deal-oriented Web site.
Although many consumers don’t feel that they save money by making purchases online, they do view the Internet as a deal-seeking venue. When asked how they use the Internet before going shopping in physical stores, 55 percent of respondents said they use the Internet to compare prices across retailers and 49 percent answered that they use the Web to learn about sales and promotions available in physical stores.
It is clear that while the majority of all purchases continue to take place offline, the Internet has an important role to play—deals found online impact holiday purchase decisions and drive purchases at brick and mortar locations.
For more information and insights on the 2009 holiday season, download our recent webinar,2009 Holiday Retail Season: What Consumers Have in Store for Retailers this Season.
Lender Charges Diamond Oaks Chapter 11 Is Fraudulent
The Sept. 14, 2009 bankruptcy petition by Diamond Oaks Vineyards and its owner, Dinesh Maniar is fraudulent and filed in bad faith, according to court documents filed by Hartford Life (($VIP content)) which is seeking to foreclose on property it has financed.
Hartford holds first mortgages on two Napa Valley properties bought by Maniar and improperly transferred to Diamond Oaks Vineyards. The properties are located at 4500 and 4529-4531 St. Helena Highway in Calistoga.
NOTE: Diamond Oaks has also filed a schedules listing assets, liabilities and creditors. The full document is available here for VIP Premium Subscribers.
VIP Subscribers click here to read the complete, un-redacted article.
Also in this article for VIP Subscribers:
- HARTFORD SAYS MANIAR OWNS LAND, NOT DIAMOND OAKS
- MANIAR DEFAULTED ON LOANS IN FEBRUARY 2009
- NAPA, SONOMA LAND TRANSFERS ARE FRAUDULENT SAYS HARTFORD LIFE
- DUTCHER CREEK IN SONOMA COUNTY ALSO TRANSFERRED
- DIAMOND OAKS VINEYARDS A “SHELL” CORPORATION?
- DECEMBER HEARING ON FRAUD ALLEGATIONS
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|November 18, 2009
Kroger "WineStation" Allows Customers to "Try Before They Buy"
Wine Market Council Elects Board Officers
Franzia to highlight annual Winegrowers Forum
Wine Sellers Fight Fakes With Radioactivity, Ion-Beam Sleuthing
Why "Millennials" are Impulse Shoppers
California growers get money from Washington to help exports
Tesco looks for World Cup drinks opportunities
Zin group establishes $500000 scholarship endowment for SSU wine program
OR: Winery supports brain cancer research
Karen Ross Joining U.S. Department of Agriculture
MI: Beer distributors to pay Teamsters $41 million
Hands-On Demonstration: Getty Heir, SF Mayor Test Winery's Waterless Urinals
Canada: Grape surplus likely smaller than expected
Wine that comes with its own cheese
A Guide to Australian and New Zealand Olive Oils out now
Château Gruaud Larose 1870, Wine of exception at the “Tour d’Argent Restaurant” Auction
iPhone App Helps Shoppers Share Wine Recommendations for the Holidays
Columbia Crest tops Wine Spectator's Top 100
Willamette Valley Vineyards Posts a Profit for the Third Quarter 2009
Canadian Wine Law Challenged
The Great Hong Kong Wine Heist
Tasting Room: A place that really drives home its point
Lisa and Bill Collins are 'Dead to the Last Drop'
|November 17, 2009
Ag economist says it's too early to say Recession is over
Bandit Tetra Paks Fly Delta
Onetime Sausalito figure guilty in wine arson
Oz: Wine Industry Reports Growth
Trinchero Family donates $1M to UC Davis
French Wine and Spirit Exports Fell by 30% in the First Quarter of 2009
Nod to a Paso Robles Pioneer: Paderewski Festival 2009
"Post-recession customer is going to be infinitely more demanding"
Austria's answer to Beaujolais Nouveau
Reality Television Show The Winemakers Airs Nationally on PBS Affiliates
Armenia-Turkey ties no threat to local winemaking
Cellarpass: One-Stop, Free Access to Wine Country Experiences
UK: Majestic pops its cork as profits rise during the slump
Boxed wine provides eco-friendly option for classy drink
Hospices de Beaune nudges 2000 record
Oldest Wine Auction Raises $7.5 Million on Demand for Burgundy
|November 16, 2009
Paso Robles winery owner faces foreclosures
Weyrich could lose prized properties
NC: Cumberland winery quietly goes under
Famed Coastal Winery in Foreclosure Jeopardy
As Trial Opens, Wine Collectors Seek Solace
Suspect in wine blaze may avoid trial with plea
Yountville pond wrinkled noses with the breeze
Napa sanitation looks at options for winery wastewater
The 'fine' line between regular and vegetarian wine
NZ: Winery tenders not favourable say receivers
Cap n' Cork owner sues state over wine laws
Time to pop the cork in wine auction world?
Zoeller, investors avoid crowded wine market by launching premium vodka brand
Marketing reflects changing demand of Napa Valley wine
WA: Pinot Noir Producer Launches Willamette Valley Vineyards Wine Center
|November 12, 2009
Alcohol and pregnancy - conflict and confusion
Fine wine prices up at London auctions
Oz: Growers and vines gutted
French wine in freefall in UK
Bordeaux is in crisis
Constellation: Consumers not in holiday spirit
Vinfolio Launches Hong Kong Ecommerce Site
Asian fine wine tastes starting to broaden
Nematodes Threaten Vineyards
Top ag products named by World Ag Expo
MI: Get an education in wine at African American Vintners
Hong Kong MW calls for "wine center" clarification
Too Much Drink Down the Drain
Organic wines gaining popularity
Winery definition affects all of us
Constellation Slows Down Acquisition Pace
Using dry ice to blast wine barrels clean
Can England make good wine?
For bargain wines, this is a very good year
Japanese supermarkets to slash Beaujolais Nouveau prices
India emerges as fast-growing wine market
Bordeaux Okays Cultural Centre
|November 11, 2009
Aussies Partner 2010 Hong Kong International Wine & Spirits Fair
Top US scientists to study California irrigation practices
Australia's grapes get wrathful
Liquor Group Wholesale Makes Acquisition in Iowa
The Plonk Gets Better For First Class Passengers
Constellation Brands Continues Merger Talks With Australian Vintage
Spain No. 1 in Bulk Wine Sales by Volume
Voicebox Creative Delivers Innovative Brand Solution for Wine
Wine: An upstart grape challenges the reign in Spain
Classes in Spanish Aid Vineyards
Copia sale imminent?
|November 10, 2009
Consumers expect to cut restaurant spending
A Collision of Wine, Politics and Commerce—How You Can Help
NY wine industry grows 20% in 6 years
Legal Filing Claims BevMo's "Five Cents" Sale Deceives
Australians rally to stem flood of NZ Sauvignon
Oz: Counselling service deals with grape industry fallout
Climate change makes English winemakers see red
Dos and Don'ts for Sommeliers
Four peak industry bodies make statement to Australian wine industry
Napa Valley College readies wine sale
Arizona's wine grape learning curve
The Secret Success of South Dakota Vineyards
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