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
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|Title Annotation:||STATS WATCH|
|Date:||May 1, 2007|
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