Accenture has released its 15th Annual Holiday Shopping Survey. The survey found people are looking forward to the holidays this year, in-store shopping has returned, and face-to-face socializing is back. However, the rise of conscious consumption we saw in the wake of the pandemic appears to be sticking, with consumers mindful about the environmental impact of their shopping choices.
“Beauty and cosmetics brands will be hoping for a strong holiday season as consumers show increasing desire and comfort in returning to pre-pandemic activities. Given that consumer demand in beauty is closely linked to being out and about with other people, our findings are especially encouraging," said Oliver Wright, a senior managing director at Accenture and head of its Consumer Goods & Services industry group globally. "If beauty brands can take a longer view and use this moment as an opportunity to reset their capabilities across the business, they'll be ideally placed to capitalize on returning consumer demand throughout the holidays and beyond.”
After a year of living digitally, face-to-face socializing looks set for a return this holiday season.
These social gatherings could lead to an increase in sales for brands.
The findings indicate that consumers are considering the environmental impacts of their shopping choices this holiday season.
“The pandemic is making consumers think more about the impact their purchasing decisions are having on the environment and society at large," Wright said. "In many ways, this pandemic has created an opportunity for companies to attract and engage with consumers in innovative new ways. Just as people are seeking to change for the better, so can beauty companies.”
Despite many likely to shop online this holiday season, the survey shows that in-store shopping is returning.