Tough Economic Times May Boost Home Entertainment
Over at Video Business we see an article that predicts that tough economic times will increase spending in home entertainment.
It seems that higher gas and utility prices will have a negative impact on leisure travel, clothing and shoes.
Perhaps the ‘stay at home’ approach benefits home entertainment sales – according to NPD, about 46% of DVD buyers said in March that they wouldn’t change their spending on consumer entertainment, while 18% said they would boost spending, according to a separate NPD poll.
In last month’s NPD poll, 63% of the consumers surveyed said they’d take a closer look at retail promotions such as sales, discounts and membership programs, up from 58% in April.