By Oscar Monfort on Apr 1st, 2010

Consumers have continued to cut back on shopping trips, according to a recent report from Nielsen.

The company said that February saw shopping trips by consumers decline 4 percent on a year-to-year basis. The report also said that the amount spent per trip increased by a small margin (1 percent) in the past year.

“It is a tough market and breathing life into a different retail environment will take new strategies that keep shoppers satisfied and spending while they are in the store,” Nielsen said.

Consumers seem to be focusing more on the essentials when it comes to spending, as trips to stores that provide discretionary products declined from 2008 to 2009. For example, consumers visited electronics stores 33 percent less, while toy stores saw 18 percent less traffic and department stores witnessed a 7 percent drop.

As consumers deal with trying to handle bills, many have decided to reduce the amount of shopping they do. however, cutting back on luxury items or entertainment may not be able to make up for the fact that some consumers had to use credit card debt in order to pay for basic essentials.

Consumers who are dealing with increasing credit card bills may consider debt consolidation, which can help by presenting lower interest rates on what people owe.

More Debt Consolidation News 03-31-2010As more African-Americans work on bills, debt consolidation may provide method for doing so03-30-2010Easter spending expected to increase this year, while debt consolidation can help with old holiday debts03-28-2010FTC director testifies about consumer credit issues03-25-2010Harelik: Debt consolidation an option for dealing with credit card bills03-21-2010Debt consolidation may help reduce other debts when dealing with car loans03-20-2010Debt consolidation through credit card checks should be approached carefully03-19-2010Prices remain level though debt consolidation could help those who relied on credit cards for basic needs03-17-2010Spring break should bring fun, not credit card debt, into a student’s life03-16-2010Complaints about collection agencies drop while debt consolidation can help avoid dealing with them03-15-2010Consider future income when contemplating student loans

While people shop less, debt consolidation may help to make up for past spending

Related posts:

  1. Debt consolidation ...
  2. Federal budget: Ottawa's spending in context Ottawa spends billions every year on goods and services....
  3. Nonprofit Debt Consolidation Ultimately, this plan to eliminate things you are the...
  4. EUCMH » Blog Archive » Could Help : Debt Consolidation Connection ...
  5. Christian Debt Consolidation Company Versus A Regular Debt … Repaying numerous loans and facing the hassles of creditors...

Related posts brought to you by Yet Another Related Posts Plugin.

Tagged with: • • •

Filed under: Debt

Like this post? Subscribe to my RSS feed and get loads more!