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Mother's Day Spending In CSRA Will Top $55 Million In 2022

Apr 22, 2022 1:43:28 PM / by Larry Julius

Eighty-four percent of all adults say they will celebrate Mother's Day in 2022. Based on per capita forecasts from the National Retail Federation (NRF), Augusta, Georgia area consumers are expected to spend $55.9 million on the moms in their lives. This is a 13% increase over last year.

“Consumers are eager to find memorable ways to honor their mothers and other important women in their lives and are willing to spend a little extra on this sentimental holiday,” said NRF President and CEO Matthew Shay.

The NRF spending projections indicate that CSRA consumers will spend $12.3 million on jewelry and another $9.3 million on special outings such as dinner or brunch. This will be the highest level of Mother's Day spending ever in these categories.

Here is how this large pool of Mother's Day cash in Augusta is expected to be distributed by all retail categories.

The NRF research indicates that men will outspend women 3-to-1 this year on Mother's Day gifts. Most of these dollars will go towards presents for their moms, stepmoms, and wives.

Of all the money spent, CSRA consumers are expected to spend 36% online, 30% at department stores, 27% at specialty stores, and 23% at local small businesses.

To compete for a share of record-high Mother's Day spending this year, local business owners will need to advertise. By most key marketing metrics, the best way to reach holiday shoppers is by advertising on Augusta radio.

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Advertising ROI: Augusta Radio Best Choice For CSRA Retailers

Apr 14, 2022 2:12:29 PM / by Larry Julius

Augusta, Georgia area consumers are expected to spend close to $8.9 billion at retail in 2022, based on per capita spending estimates from the National Retail Federation (NRF). This would be an eight percent increase versus 2021.

To capture significant shares of the increased retail spending, the 15,499 small business owners in the Central Savannah River Area (CSRA) would typically invest in advertising. Persistent and pernicious inflation pressures, however, are starting to gnaw away at marketing budgets.

According to the National Federation of Independent Business Owners (NFIB), businesses cite inflation as their number one problem. For many Augusta business owners, uncontrollable wholesale, transportation, and labor costs are forcing retailers to raise the prices they charge their customers. But, for many retail products, inflated retail prices can drive customers away. 

To limit consumer price increases and still make a profit, CSRA business owners, then, are forced to cut expenses, including advertising and marketing. This means it is now imperative that the limited investments retailers can make in advertising must deliver the strongest returns possible. 

According to a recent study by Nielsen, advertising on Augusta radio can provide the best return on investment (ROI) for local retailers.

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Topics return on investment, roi, retail, television reach, radio reach, reach, retail sales, retailer, retail stores, reach and frequency, reach & frequency, retail spending, advertising return on investment, advertising reach, advertising roi

Advertise In CSRA: Retail Spending To Top $8.7 Billion in 2022

Mar 23, 2022 9:22:14 AM / by Larry Julius

There are 15,499 small business owners in the Augusta, Georgia area, according to the US Census Bureau. Each of these companies will need larger advertising budgets to successfully compete for a fair share of the expected explosion in consumer spending this year.

Based on new forecasts from The National Retail Federation (NRF), Central Savannah River Area (CSRA) consumers are expected to spend between $8.7 and $8.9 billion at retail in 2022, a six to eight percent growth over the previous year.

The NRF's forecasts exclude restaurants, gas stations, and automotive dealers. Included in the numbers, though, are non-store and online sales, which, in Augusta, could reach as high as $2.1 billion this year. This level of spending would be 13% more than in 2021.

Even though the rate of growth rate for 2022 is lower than the 14% jump in 2021, the NRF points out that this year's spending will be well ahead of the 10-year,  pre-pandemic growth rate of 3.7%

To participate in the expected surge in retail spending will require CSRA business owners to advertise. Especially if retailers want to hold their own against the continued growth of non-store and online competition.

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Topics return on investment, roi, retail, radio advertising, radio reach, reach, retail sales, retailer, retail stores, reach and frequency, retail spending, advertising return on investment, advertising reach, advertising roi

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