KEY TRENDS TO FOLLOW FOR 2023
Spends Get out there!
- Many consumers are looking to celebrate at bars, restaurants, concerts and parades this year. But online is still valuable.
Combine food & drink
- Alcohol spend is high, but pairing drink promotions with food will yield higher engagement.
Build buzz, not sales, online
- Create new digital experiences and twists on traditional themes to create excitement.
KEY STATISTICS
Country
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54% of US consumers celebrated St Patrick’s Day in 2022
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Brits spent £5.9bn on St. Patrick’s Day in 2019
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Ireland generates €70mn of revenue between March 16-20 annually
Demographic - Most likely to celebrate St Patrick’s Day
- 18 - 24
- 25 - 34
- 35 - 44: The biggest spenders with an average spend of $49.27
Spend
- Average spend per person $42.33 - That’s about 6 pints of Guinness!
- Total 2022 spend $5.87bn - That’s over 3,300 pots of gold!#1 Shoppers Curtail Holiday Spending
Top purchase categories
- Food 58%
- Women 59%
- Men 57%
- Drink 46%
- Women 44%
- Men 49%
- Apparel/accessories 32%
One of THE biggest days of the year for alcohol brands
- Daily sales increase
- Beer 174%
- Spirits 153%
Eating in and eating out are popular on St. Patrick’s Day
- Bar/restaurant visits +9% vs. 2021
- Brands should create engaging, in-person experiences
- 45% of 65+ make a special dinner
- Don’t neglect CPG /FMCG opportunities for promotions of key line items
Should brands run promotions online for St. Patrick’s Day?
- 11% Do their St Patrick’s day shopping online
- 45% Search online to research in-store purchases
- 29% Find online retail stores inspiring
- 49% Head to grocery stores for their St. Patrick’s Day items
Consumers look online for research and inspiration ahead of making in-store purchases. Step up your game with digital promotions and online experiences that drive awareness and loyalty pre-purchase.
How to see the green this St. Patrick’s Day
1. Support Stores & DistributorsConsumers are back in venues in a BIG way. Combine customer purchase rewards with “stock more, earn more” trade programs.
- ‘Stock more, earn more’ promotions for bars & clubs
- On-premise gamification
- Text-to-enter programs with fast responses
- Continuity programs to keep consumers engaged after St Patrick’s Day
Snipp Tip
- Offer financial incentives to retailers that stock more of your products. It’s a win-win situation: you get greater brand exposure and increased sales, the retailer gets a handy discount.
2. Layer food & drink promotions
Combine promotions with partner brands to enhance engagement. And don’t forget about the staying home celebrants. Create portfolio-wide promotions to enhance sales
- Partner with aligned brands
- Layer promotions with different tactics and mechanics
- Reward on-premises purchases
- New product gift with purchase
Snipp Tip
- Combine the immediate gratification of an instant win prize (like a free drink or appetizer) with exclusive, high value rewards (like a brewery tour) to increase engagement and participation.
2. Be Inspirational
Help customers express their individuality. Giveaways, trials, and freebies encourage new routines – whether that’s switching brands or simply buying more – for consumers that want unique experiences that harness digital innovations like the metaverse.
- User-generated content
- Social sharing
- Digital games/apps
- Gamified digital experiences
Snipp Tip
- Reward consumers who share their experiences with your products on social media. 79% of consumers say UGC impacts their purchasing decisions, making it a great way to sell more while letting customers express themselves.
Discover how our best-in-class promotions solutions can drive sales and engage your customers. Contact us to learn more
SOURCES
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https://nrf.com/topics/holiday-and-seasonal-trends/st-patricks-day/st-patricks-day-data-center
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https://blog.gwi.com/trends/biggest-consumer-trends/
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https://www.mintel.com/global-consumer-trends
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https://wallethub.com/blog/st-patricks-day-facts/10960
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https://www.thinkwithgoogle.com/marketing-strategies/search/in-store-related-shopping-search-statistics/
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https://www.ipaper.io/insights/shoppers-dont-visit-your-online-store-for-inspiration