"Loyalty is up for grabs this holiday season..." said Van Ullen. "Our research revealed that shopper concern extends beyond just price... Incentives like free shipping, buy now pay later services, and elevated Cash Back will be important for maintaining a loyal shopper base."
(Image Source)
Rakuten79% of retail marketers confident in achieving holiday sales targets, despite 45% of shoppers indicating plans to spend less this year.
Rakuten, the leading Cash Back shopping platform, released a new study revealing a significant disconnect between retail marketers and shoppers ahead of the 2024 holiday season. Developed in partnership with Harris Poll, the study surveyed retail marketers and shoppers and found that an overwhelming majority (81%) of shoppers do not plan to increase their holiday spend this year.
“There’s a clear disconnect between marketer perception and consumer realities, but this presents a unique opportunity for retailers to capitalize on the shortcomings of their competition,” said Julie Van Ullen, Chief Revenue Officer at Rakuten Rewards. “As shoppers plan to spend less overall, there become fewer opportunities for retailers. This makes it evermore important for retailers to invest in strategies that set them apart throughout the entire holiday season. By investing early and capturing market share among early holiday shoppers, retailers can set themselves up for success in Q4. This approach also allows retailers to establish new relationships, or reinforce existing ones, with shoppers whose loyalty can’t be assumed.”
Early shoppers face limited deals.
Due to high confidence levels, many marketers are delaying their marketing spend. While 79% of marketers are optimistic they will reach holiday sales objectives, 65% are timing their spend as late as November.
Rakuten’s study also found that 38% plan to spend the majority of their holiday budget in mid-Q4, with 25% waiting until Black Friday and Cyber Week, and only 27% starting in October. This delay indicates that early shoppers may not find the deals and discounts they expect.
Concerns about shipping delays are also prompting 42% of shoppers to start their shopping early, while 32% plan to do more shopping in-store to avoid potential delays.
Inflation remains a key concern.
Even with softening inflation, nearly half (46%) of shoppers report that it will have the greatest impact on their holiday shopping strategy. Conversely, only 20% of marketers believe that to be true. 26% of shoppers say they cannot afford to buy gifts, indicating that they are not feeling relief from softening inflation. Shoppers also anticipate that the upcoming election will have an impact on inflation, with 57% believing it will increase.
“Our research revealed that over a quarter of shoppers express concerns about their ability to afford gifts this season, signaling a more challenging and competitive Q4 for retailers than anticipated,” said Van Ullen. “The election is also a significant factor that is influencing consumer sentiment, with expectations of rising prices. Shoppers will be looking for early holiday deals to avoid any potential price increases.”
Loyalty is up for grabs.
Despite 45% of shoppers planning to spend less on holiday gifts, marketer confidence remains strong. A majority of marketers (98%) believe shoppers will remain loyal to brands, with only 2% anticipating that shoppers will trade down to lower-quality brands and products for more affordable alternatives. However, 42% of shoppers indicate they will prioritize finding the lowest prices.
“Loyalty is up for grabs this holiday season, and success for retailers will hinge on offering value beyond just reduced prices,” said Van Ullen. “Our research revealed that shopper concern extends beyond just price, and retailers will need to address those concerns with comprehensive deals that include several table-stake incentives. Incentives like free shipping, buy now pay later services, and elevated Cash Back will be important for maintaining a loyal shopper base.”
About Rakuten
Rakuten is a leading shopping platform that offers Cash Back on purchases from all your favorite brands. By partnering with thousands of brands in apparel, health and beauty, dining, grocery, travel, on-demand services, subscription boxes and more, Rakuten helps members save and get more on everyday purchases. Since its founding in 1999, Rakuten has become the largest and most rewarding shopping experience, and its members have earned $4.6 billion in Cash Back just for shopping through Rakuten. For more information, visit Rakuten.com.
Rakuten® is a registered trademark of Rakuten Group, Inc., registered in the U.S. and other countries. All other trademarks are property of their respective owners. ©2024 Ebates Performance Marketing, Inc.
Survey methodology
This survey was conducted online within the United States by The Harris Poll on behalf of Rakuten from Sept. 5 – Sept. 9 , among 2,100 consumers aged 18 and older and 101 retail marketers in the US. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the data for the consumer sample is accurate within +/-2.4 percentage points and the retail marketer sample is accurate to within + /- 9.6 percentage points.
SOURCE Rakuten Rewards
Disclaimer: Press release
© Press Release 2025
Send us your press releases to news@globalloyalty.org
Press releases originate from external third-party providers. This website does not have responsibility or control over its content, which is presented as is, without any alterations. Neither this website nor its affiliates guarantee the accuracy of the views or opinions expressed in the press release.
The press release is intended solely for informational purposes and does not offer tax, legal, or investment advice, nor does it express any opinion regarding the suitability, value, or profitability of specific securities, portfolios, or investment strategies. Neither this website nor its affiliates are liable for any errors or inaccuracies in the content, nor for any actions taken based on it. By using the information provided in this article, you agree to do so at your own risk.
To the maximum extent permitted by applicable law, this website, its parent company, subsidiaries, affiliates, shareholders, directors, officers, employees, agents, advertisers, content providers, and licensors shall not be liable to you for any direct, indirect, consequential, special, incidental, punitive, or exemplary damages, including but not limited to lost profits, savings, and revenues, whether in negligence, tort, contract, or any other theory of liability, even if the possibility of such damages was known or foreseeable.
The images used in press releases and articles provided by 3rd party sources belong to the respective source provider and are used for illustrative purposes in accordance with the original press releases and publications.
Disclaimer: Content
While we strive to maintain accurate and up-to-date content, Global Loyalty Organisation Ltd. makes no representations or warranties of any kind, express or implied, about the correctness accuracy, completeness, adequacy, or reliability of the information or the results derived from its use, not that the content will meet your requirements or expectations. The content is provided “as is” and “as available”. You agree that your use of the content is at your own risk. Global Loyalty Organisation Ltd. disclaims all warranties related to the content, including implied warranties of merchantability, fitness for a particular purpose, non-infringement, and title, and is not liable for a particular purpose, non-infringement, and title, and is not liable for any interruptions. Some jurisdictions do not allow the exclusion of certain warranties, so these jurisdictions may not apply to you. Global Loyalty Organisation Ltd. Reserves the right to modify, interrupt, or discontinue the content without notice and is not liable for doing so.
Global Loyalty Organisation Ltd. shall not be liable for any damages, including special, indirect, consequential, or incidental damages, or damages for lost profits, revenue, or use, arising out of or related to the content, whether in contract, negligence, tort, statute, equity, law, or otherwise, even if advised of such damages. Some jurisdictions do not allow limitations on liability for incidental or consequential damages, so this limitation may not apply to you. These disclaimers and limitations apply to Global Loyalty Organisation Ltd. and its parent, affiliates, related companies, contractors, sponsors, and their respective directors, officers, members, employees, agents, content providers, licensors, and advisors.
The content and its compilation, created by Global Loyalty Organisation Ltd, are the property of Global Loyalty Organisation Ltd. and cannot be reproduced without prior written permission.
