Printer Friendly

Teen spending.

EVERYONE KNOWS THAT COLLEGE STUDENTS HAVE A LOT OF spending power. The trick is figuring out what they like to spend it on. In a campus setting, this knowledge is most important to the bookstore. The National Association of College Stores teamed with Teenage Research Unlimited to conduct research into the spending habits of 12-to-19 year olds. The results are presented in the report "Retail Inspiration: Insight from College-Bound Consumers." Some of the findings were presented during NACS's CAMEX show in March. When the findings were limited to college bound high school seniors, some interesting things were discovered.

At least part of the student's spending power comes from the fact that 47 percent of the respondents have part-time jobs, but they are still spending their parents' money. It will come as no surprise that 64 percent have their own cell phone and 93 percent spent time online during the week. But they are getting out and about because 81 percent shopped in a mass-market store (Wal-Mart or Target, for example) in the last 30 days and an equal number shopped in a grocery store within the last 30 days.

The study found that students generally visit the college bookstore at least once. And students feel the college bookstore is the best place to buy textbooks.

In addition to the survey, which covered more than 1,000 young people, the researchers visited the University of Connecticut, the University of Colorado at Boulder, Wake Forrest University (N.C.) and Skyline College (Calif.) for onsite interviews with student shoppers. They found that the qualities students look for in a store are price, convenience, and an inviting environment. And although students think the campus bookstore is the best place for textbooks, they think of them as the main product. They also think the prices at the campus store are higher than those at off-campus retailers.

As NACS is all about promoting and supporting campus retail, suggestions are provided to improve students' perceptions. Among the easy ones are pointing out when campus prices are lower than off campus prices and highlighting any connection between bookstore profits and scholarships or other institutional support.

The full report can be purchased from NACS. The presentation from CAMEX can be viewed for free at www.camex.org.--A.M.
COLLEGE-BOUND CONSUMER PROFILE

47% have part-time jobs
81% have shopped in a mass merchandise store in last 30 days
81% have shopped in a grocery store in last 30 days
48% shopped/bought online
64% have their own cellphone
43% have download music on a regular basis
95% watched TV in the past week
93% are online during the week
52% maintain a profile on a social networking site

Source: Retail Inspiration: Insight from College-Bound Consumers

IN STYLE WITH COLLEGE-BOUND

POPULAR ITEMS

 FEMALES MALES

Flip-flops 92 75
Hooded Sweatshirts 86 86
Graphic Tees 84 73
DVDs 94 92
Digital Cameras 94 89

Source: Retail Inspirations:
Insight from College-Bound Consumers
COPYRIGHT 2007 Professional Media Group LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:STATS WATCH
Publication:University Business
Date:May 1, 2007
Words:489
Previous Article:Putting the pieces together.
Next Article:Baby lamb stars in YouTube clip.
Topics:


Related Articles
HOLIDAY SHOPPING'S LIKE, COOL; STORES EXPECT BIG BUCKS FROM TEENS.
HAVE NETWORKS GIVEN UP ON TEEN VIEWERS?
TV's dark side. (Q&A).
TEENS OF MEANS HIGH SCHOOL KIDS HOLIDAY-SHOP WITH HEFTY WALLETS.
The Science that matters to you.
CRASH COURSE STUDENTS SEE DANGERS OF DRUNK DRIVING.
What's your style? Discover yourself ... and a science project you'll love.
Bad influence: TV, movies linked to adolescent smoking.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters