{"id":36393,"date":"2022-10-10T12:46:22","date_gmt":"2022-10-10T12:46:22","guid":{"rendered":"https:\/\/www.zopa.com\/retail-finance\/retailer-articles\/changing-with-the-seasons-how-shopping-habits-are-affected-by-the-time-of-year\/"},"modified":"2025-03-03T09:43:23","modified_gmt":"2025-03-03T09:43:23","slug":"changing-with-the-seasons-how-shopping-habits-are-affected-by-the-time-of-year","status":"publish","type":"post","link":"https:\/\/www.zopa.com\/retail-finance\/blogs\/changing-with-the-seasons-how-shopping-habits-are-affected-by-the-time-of-year\/","title":{"rendered":"Changing with the seasons: How shopping habits are affected by the time of year"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Seasonality can have a big impact on retailers, both online and in-store. Understanding how different seasons can affect your business will help you prepare for any peaks and take advantage of opportunities to boost sales.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">For most retailers, year-end events such as Christmas, Black Friday and Cyber Monday see many product categories experience an uplift in sales. But there are lots of other seasonal changes where the impact on demand is more subtle.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Being able to predict these trends allows you to accurately forecast stock levels and tweak marketing for maximum effect. So how can retailers prepare for and reap the benefits of seasonal trends?\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">\u00a01. <\/span><b>Plan your budget around seasonal sales forecasts<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Amanda Walls is Founder and CEO of award-winning digital marketing agency<\/span><a href=\"https:\/\/cedarwood.digital\/\"> <span style=\"font-weight: 400;\">Cedarwood Digital<\/span><\/a><span style=\"font-weight: 400;\">. She has years of experience working with retailers, including helping clients adapt to seasonal shifts in consumer spending habits.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Amanda advises retailers to plan their budgets early in the year, while taking into account the past year\u2019s seasonal growth by percentage. This ensures you aren\u2019t caught out at the end of the year.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe see so many retailers who plan their budgets from January to December.\u201d She explains, \u201cThey then get to the end of the year only to find that they don\u2019t have that little extra for Black Friday and the holiday season.\u201d\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Amanda says retailers can budget effectively by using data from previous years to gain an understanding of how this new budget might fall. \u201cYou can also factor in any ROAS\/POAS across your advertising channels to evaluate how much room for growth there might be. This is a good time to have a chat with your marketing team and get them on board early so they too are managing the budget effectively in line with your goals and predictions.&#8221;\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">\u00a02. <\/span><b>Make data-driven decisions around seasonal best-sellers<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">With the cost of importing goods on the rise, it pays to invest in stock that you know from experience will perform well during a new season.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Use your marketing data to feed into your buying patterns for the season.\u201d Amanda proposes, \u201cSpeak with your marketing team to understand how and why particular products sold well across channels last year, and ask for their input into products they believe might also have the potential to perform.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Utilising data in this way can help to inform purchasing decisions ahead of key trading periods, and you might even identify some key product ranges that weren\u2019t initially on your radar.&#8221;\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">3. <\/span><b>Stock up early for the season<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Selling out of a hot-ticket item is always a great feeling. However, if you\u2019re not able to re-stock in time, you\u2019re likely missing out on a significant amount of revenue.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">For Amanda, it\u2019s never too early to check your stock. \u201cLiaise with your marketing team about how much you have.\u201d She advises, \u201cThey should then be able to move quickly as stock turnover increases at busier times of the year. There\u2019s nothing more frustrating than marketing something which is out of stock, or low in stock.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Early in the process, make sure your marketing and buying teams are communicating with each other to understand which products to push and which to pull back on. This approach will allow for a better and more fruitful spend on marketing resource and planning.&#8221;\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">4. <\/span><b>Make your sales last for longer<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0&#8220;A few years ago, Black Friday was very much a four-day activity &#8211; from the Friday through to the Monday &#8211; and we saw a significant period of sales over that given weekend.\u201d Now, Amanda explains, it\u2019s a completely different story.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhile Black Friday is still an important day, we find many businesses turning it into \u201cBlack Friday Week\u201d or even \u201cBlack Friday Month\u201d.\u201d She states, \u201cAs a result of this change, consumers are spending very differently now compared to what they were a couple of years ago, despite it being over a similar time period. As retailers, we need to be adaptable and on-trend with our consumers to ensure we are well-prepared for the upcoming seasons.&#8221;\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t forget: you can also create your own peak sales opportunities by promoting new and exciting products outside of the typical retail calendar \u2013 although the success of the product\/service launch is often season dependent.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">\u00a05. <\/span><b>Seize the seasonal mood<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Although we don\u2019t always notice, the changing of seasons can have a huge impact on our outlook and behaviour. Effective sellers can use these subtle mood changes to sell more products.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0&#8220;Understand the mindset of your shoppers in each season.\u201d Amanda advises, \u201cSome seasons they will be purchasing, some browsing and some they might be somewhere in between. When organising your marketing funnel, it\u2019s important to take this into consideration.\u201d\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Spring is typically a time of growth, renewal and good intentions. Summer, a time of warmth, optimism and good humour. Retailers that can package and market these emotions with their products will find their customers willing to buy.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">January can be a slow month for retailers, with customers still suffering from Christmas debt hangovers. The good news is that by Spring, the burden of Christmas spending has eased and people are looking forward to longer days and warmer temperatures. Valentine\u2019s Day also is an ideal time to test the water by getting creative with your marketing and observing how it affects sales.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u201cBuild a funnel around relevant seasons and the users\u2019 purchase intent,\u201d Says Amanda, \u201cso you can nurture your leads and sales effectively.&#8221;\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">\u00a06. <\/span><b>Offer multiple payment options<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Right now, 30% of UK buyers are using flexible finance options to spread the cost of payments. And in the current economic climate, that number can only be set to rise.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">When done correctly and ethically,<\/span><a href=\"https:\/\/dividebuy.co.uk\/about-us\/?showDemoButton=1\"> <span style=\"font-weight: 400;\">POS finance<\/span><\/a><span style=\"font-weight: 400;\"> helps your customers access larger seasonable purchases (such as new sofas for the colder months, or garden furniture in summer). It also gives you an edge over your competitors who may not offer this, and attracts new customers who wouldn\u2019t be able or willing to buy these items upfront.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">At DivideBuy, we use our own credit engine which means we can adjust our POS finance options to fit with your seasonal promotions. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">To find out more about why hundreds of retailers are choosing DivideBuy to offer credit to their customers,<\/span><a href=\"https:\/\/dividebuy.co.uk\/book-a-demo-1\/\"> <span style=\"font-weight: 400;\">book a fifteen-minute demo today<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seasonality can have a big impact on retailers, both online and in-store. Understanding how different seasons can affect your business will help you prepare for any peaks and take advantage of opportunities to boost sales.\u00a0 &nbsp; For most retailers, year-end events such as Christmas, Black Friday and Cyber Monday see many product categories experience an [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":36394,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-36393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How do the seasons affect your customers shopping habits?<\/title>\n<meta name=\"description\" content=\"Seasonality can have a big impact on retailers, both online and in-store. 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