{"id":1004608329,"date":"2022-10-24T03:13:31","date_gmt":"2022-10-24T11:13:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004608329"},"modified":"2022-12-09T02:49:00","modified_gmt":"2022-12-09T10:49:00","slug":"2022-shopping-season-a-turning-tide","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/2022-shopping-season-a-turning-tide\/","title":{"rendered":"What’s Ahead for Retail This Holiday Season: JLL"},"content":{"rendered":"
\"Holiday<\/a>

Image courtesy of Moerschy via Pixabay.com<\/p><\/div>\n

Just when it seemed that the pandemic-induced surge in online shopping<\/a> would keep the majority of U.S. consumers out of the stores during the holidays for good, the tide has turned.<\/p>\n

According to JLL<\/strong>\u2019s Retail Holiday Survey 2022, most consumers are more eager to venture out beyond their laptops to do holiday shopping in 2022 than they have been in two years.<\/p>\n

In September 2022, JLL queried 1,080 consumers regarding their holiday shopping plans, and despite the heavy hand of inflation this year, most consumers have no plans of cutting their holiday-spending budget, and the retail real estate sector is primed<\/a> to accommodate.<\/p>\n

\n

READ ALSO<\/strong>: NAREE Report: Retail Real Estate\u2019s Post-COVID Reinvention<\/a><\/p>\n

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Survey participants anticipate spending an average of $868 per person this year, compared to $870 in 2021. Approximately, 63 percent of respondents indicated that they plan to walk the store floor to do at least some of their shopping this year, placing in-store purchasing above online purchasing as the number-one holiday-shopping option for the first time since 2020.<\/p>\n

\"In-store<\/a>

JLL Retail Holiday Survey, In-store shopping trends. Chart courtesy of JLL<\/p><\/div>\n

\u201cConsumers have reverted back to pre-pandemic levels of physical shopping versus online,\u201d\u00a0Naveen Jaggi,\u00a0president of Retail Advisory Services with JLL, told Commercial Property Executive<\/em>. \u201cStores have improved the experiential aspect of shopping by providing a cleaner and healthier environment.\u201d<\/p>\n

The lure of the open doors<\/strong><\/h2>\n

There are a handful of factors that will drive consumers into the stores this year, chief among them, the ability to touch and feel products. Approximately 54.5 percent of survey participants cited the desire to handle gifts before buying as the main reason they enjoy shopping in-store the most. A total of 26.9 percent of respondents are inclined to choose perusing the shelves over online searching so they can avail themselves of the holiday ambience, decorations and scents included. And 23.8 percent of consumers wish to be out and about to take pleasure in the shopping experience with friends and family.<\/p>\n

\"Naveen<\/a>

Naveen Jaggi, President of Retail Advisory Services, JLL. Image courtesy of JLL<\/p><\/div>\n

Other respondents\u2019 motivation for taking to the shops in 2022 leans toward the practical. Just over 20 percent of shoppers place a premium on the ability to consult face-to-face with expert sales representatives. For some consumers\u201432.7 percent of survey participants, to be exact\u2014the almighty dollar, as opposed to festive influences, motivates their preference for in-store shopping. This segment of consumers would rather go out shopping than pay the shipping costs that accompany online buying.<\/p>\n

\u201cBOPIS [or buy online, pick up in store], improved layaway options and curbside delivery also encourage consumers to leave the in-home desktop experience for an improved in-person shopping experience,\u201d Jaggi added.<\/p>\n

Retail-segment winners<\/strong><\/h2>\n

While the retail real estate sector has had its challenges, with necessity-based retail being the only segment to thrive through the pandemic, a variety of retail types from storefronts to shopping malls will benefit from the 2022 holiday season. Results of the JLL survey indicate that mass merchandisers will welcome more than 60 percent of shoppers to their locations, and department stores will see nearly 50 percent of shopping crowds pay a visit. Additionally, mom-and-pop stores will see a notable share of the shopping traffic, as 35 percent of consumers plan to open their wallets at local shops and boutiques.<\/p>\n

\"Consumer<\/a>

JLL Retail Holiday Survey, Consumer Experiences. Chart courtesy of JLL<\/p><\/div>\n

Experiences are high on the radar of shoppers this year, so restaurants will perform well, as 33.3 percent of respondents anticipate dining out more during the holiday season. Retailers in the eatertainment and bar categories will get a boost as well, as more than 25 percent of survey participants plan on partaking in additional entertainment activities. Movie theaters will also grab 24 percent of consumers\u2019 dollars during the holidays.<\/p>\n

Elephant in the room<\/strong><\/h2>\n

Although an increasing percentage of consumers will visit stores during the 2022 holidays, the majority of them will count an e-tailer as their top shopping source. According to JLL\u2019s survey results, Amazon<\/strong> continues to head the list of preferred retailers. However, a chain store is cutting into the e-commerce giant\u2019s hold on shoppers<\/a>, pushing the number-one spot down from 65.6 percent of consumer preference in 2021 to 64.3 percent in 2022. Walmart remains in the number-two spot, but it can expect to see its visitors increase year-over-year from 45.3 percent to 47.9 percent.<\/p>\n

\"JLL<\/a>

JLL Retail Holiday Survey, See and Touch. Chart courtesy of JLL<\/p><\/div>\n

JLL\u2019s survey findings are beginning to play out in stores across the country right now. \u201cRetailers are starting holiday promotions in October to motivate consumers to shop sooner, and by visiting the stores giving their consumers a more relaxed shopping experience than waiting for the holiday rush,\u201d Jaggi said. \u201cAnd with the disrupted supply chains not back to pre-pandemic levels consumers are enticed to shop in October.\u201d<\/p>\n

Black Friday will be the highest traffic day for stores, from boutiques to mass merchandisers, as 39.7 percent of respondents plan to go out to do shopping on the busiest shopping day of the year. Cyber Monday will bring 26.4 percent of shoppers back into the stores.<\/p>\n","protected":false},"excerpt":{"rendered":"

Consumers will visit stores in larger numbers this year to experience the holiday ambience and other benefits, a new survey indicates.<\/p>\n","protected":false},"author":969,"featured_media":1004608347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21749,51037],"tags":[37482,32796],"class_list":["post-1004608329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-retail","category-trends","tag-amazon","tag-jll"],"acf":[],"yoast_head":"\nWhat's Ahead for Retail This Holiday Season: JLL - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"JLL\u2019s Retail Holiday Survey 2022 indicates that most consumers are eager to venture out and visit physical stores for their holiday shopping.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/2022-shopping-season-a-turning-tide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What's Ahead for Retail This Holiday Season: JLL\" \/>\n<meta property=\"og:description\" content=\"JLL\u2019s Retail Holiday Survey 2022 indicates that most consumers are eager to venture out and visit physical stores for their holiday shopping.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/2022-shopping-season-a-turning-tide\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-24T11:13:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:49:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/shopping-season.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/2022-shopping-season-a-turning-tide\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/2022-shopping-season-a-turning-tide\/\",\"name\":\"What's Ahead for Retail This Holiday Season: JLL - 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