Energy prices pushing shoppers online

Dec 14, 2005

More than one out of every three online households said rising energy prices would alter their holiday shopping this season, a survey found.

According to the Conference Board and TNS, more than half of all consumers will make fewer trips to the mall, while more than one out of every three plan to cut back their spending to combat costs. Some 30 percent will do more of their holiday shopping online instead of in stores.

"Higher prices are driving more shoppers to the Internet instead of to the mall and changing the way consumers are doing their holiday shopping this year," said Lynn Franco, director of The Conference Board Consumer Research Center. "But if energy prices recede, there is no guarantee these consumers will return to the malls. They may very well continue to point, click and ship instead."

The Conference Board and TNS report their online shopping survey Wednesday. The Consumer Internet Barometer is produced by The Conference Board, a global research and business membership organization, and TNS, a custom research company. The survey covered 10,000 households.

Copyright 2005 by United Press International

Explore further: Samsung forecasts profit fall as S6 sales disappoint

Related Stories

How healthy is that puppy on the website?

May 22, 2014

Many people looking for a new puppy for the family are buying them online - with significant potential risk of future health and behavioural problems with their dogs, according to University of Adelaide research.

Yahoo takes hit after Alibaba IPO filing

May 07, 2014

Yahoo shares tumbled Wednesday on concerns its stake in Alibaba may be worth less than anticipated following the Chinese online giant's stock market offering.

Power (of electronics) to the people

Jan 15, 2014

MIT Media Lab alumna and entrepreneur Ayah Bdeir SM '06 wants to help all people worldwide, tech savvy or not, understand and build creatively with electronics.

Recommended for you

FBI chief urges 'robust debate' on encryption

8 hours ago

FBI Director James Comey called Monday for public debate on the use of encrypted communications, saying Americans may not realize how radical groups and criminals are using the technology.

LG Display moves advanced touch tech up to notebooks

13 hours ago

LG Display has news for people who are into working with notebook PCs. They have announced lighter and slimmer LCD panels. Unleashing "Advanced In-cell Touch" (AIT) technology, LG Display said on Monday that ...

Italian surveillance company hacked, documents stolen

15 hours ago

An Italian surveillance firm known for selling malicious software used by police bodies and spy agencies has succumbed to a cyberattack, the firm's spokesman said Monday, confirming an embarrassing breach ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.