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: Blu-ray disc can be used to improve solar cell performance

add to favorites email to friend print save as pdf

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

How polymer banknotes were invented

3 hours ago

The Reserve Bank of Australia (RBA) and CSIRO's 20-year "bank project" resulted in the introduction of the polymer banknote – the first ever of its kind, and the most secure form of currency in the world. ...

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.