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German Consumers Show Strong Commitment to Holiday Spending
eBay’s “Weihnachtsshopping Report 2024” reveals a positive outlook for the German holiday retail market. Nearly half of German consumers plan to maintain or increase their Christmas gift budgets compared to last year, with only a fifth intending to reduce spending. The report highlights that the Christmas shopping season kicked off in late August, with consumer interest peaking in the three weeks leading up to Cyber Week in November. This extended shopping period offers retailers a significant opportunity to capture holiday sales by strategically timing their promotions and inventory management.
Holiday Shopping Trends Show Early Consumer Engagement
The report, which was based on a survey of 10,000 German consumers by Civey, also looked at sales data from eBay.de. This data indicated that there were early surges in demand for a variety of product categories, such as electronics, fashion, beauty products, sports equipment, furniture, and toys.
Arnaud Valion Gueutal, Director of Central Europe Advertising at eBay, commented on the results:
“The demand for Christmas gifts remains robust, providing a substantial opportunity for German retailers during the 2024 holiday season.”
eBay has implemented enhanced advertising tools and solutions for sellers, such as a new Advertising Cockpit, in order to capitalize on this trend. The objective of these improvements is to assist merchants in enhancing the visibility of their products and boosting their Christmas sales on the platform.
The report emphasizes the significance of early preparation and targeted advertising for e-commerce businesses to pique consumer interest during the extended holiday shopping period.
