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AUSTIN, Texas, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Jungle Scout, the leading all-in-one platform for e-commerce sellers, released findings from its Q3 2022 Consumer Trends Report, a quarterly study of more than 1,000 U.S. consumers that explores spending and e-commerce trends. The report finds that consumers are increasingly concerned about inflation and the economy, with three out of four believing the U.S is already in a recession or will be soon.
Key insights from the report include:
Consumers continue cutting costs to combat inflation.
Consumers are starting holiday shopping early this year.
"Upcoming shopping events like a second Prime Day, Black Friday, and Cyber Monday offer consumers the best deals ahead of the holidays," says Mike Scheschuk, Chief Marketing Officer at Jungle Scout. "With these events on the horizon, retailers are listening to customers' inflation fears and must be willing to adapt their strategies. They can maximize growth and retain customers by managing inventory, being strategic with price increases, and understanding the needs of their customers."
Additional findings from the report include:
About the Report
Jungle Scout conducted an anonymous survey between Aug. 5 and Aug. 8, 2022, among 1,025 U.S. consumers about their buying preferences and behaviors. Respondents represented 48 U.S. states, all genders, and ages 18 to 75+, as well as various employment types and income levels.
About Jungle Scout
Jungle Scout is the leading all-in-one platform for selling on Amazon, supporting more than $40 billion in annual Amazon revenue. Founded in 2015 as the first Amazon product research tool, Jungle Scout today features a full suite of best-in-class business management solutions and powerful market intelligence resources to help entrepreneurs and brands manage their e-commerce businesses. Jungle Scout is headquartered in Austin, Texas, and supports 10 global Amazon marketplaces.
Media Contact
Cathryn Hurdle
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Image 1: Jungle Scout's Q3 Consumer Trends Report
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