Wedding registries are a key indicator for retailers’ brands, since they can deepen customer loyalty as couples get ready to buy a house or start a family.
Baird tracks wedding registries quarterly by using randomized data of newly engaged couples from TheKnot.com. It uses the findings as a directional indicator of wedding registry market share and brands' resonance among customers, Kleber said.
Those findings have shifted significantly since Baird began the survey in January 2017. Back then, Bed Bath was at the top of the list with 44% of listing penetration share, followed by Target with 29%, Amazon with 20% andKleber said the changes reflect Amazon's soaring sales and the struggles of some brick-and-mortar players, including Macy's and Bed Bath, to adapt to e-commerce and attract younger shoppers.
Bed Bath did not immediately respond to a request for comment. The company will report its fiscal third-quarter earnings on Thursday. Retailers are competing with a new threat, too, he said. More engaged couples are opting for honeymoon and cash funds instead of requesting knife blocks, towels and duvets. Cash/travel has grown in popularity, with 10% of listing penetration in January 2017 to 16% of listing penetration in the January 2022 survey — with the rise of honeymoon registry websites like Honeyfund and the desire of some millennial and Gen Z customers to prioritize experiences over goods.
"There's a greater incidence today of couples wanting cash or travel or honeymoon funds than there was five years ago," he said."That's a little bit harder for retailers to solve for that piece of the registry equation."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Harriette Cole: I stayed in bed for two years, and now I feel stuckPlus: My boyfriend finally told me why he broke up with his ex.
Lire la suite »
Boy, 12, killed in Englewood shooting while sitting on bed in home, Chicago police sayThe boy was sitting with other individuals on a bed in a back bedroom when a male he knew discharged a handgun, striking him in the chest, police said.
Lire la suite »
12-year-old boy fatally shot sitting on bed in Englewood homeA 12-year-old boy was shot and killed Sunday night while sitting on a bed in an Englewood residence.
Lire la suite »
15 Celeb Weddings That Were Super Low-Key And 15 Celeb Weddings That Were Wildly ExtravagantOh, to have millions to spend on a wedding...
Lire la suite »
My Daughters Won’t Stop Fighting About Their WeddingsParental advice on weddings, grandparent names, and snobby teens.
Lire la suite »