Israelis to Cut Spending in November Sales Due to High Cost of Living
Translated & summarized from Arutz Sheva by baba
Nearly half of Israelis, 48%, will reduce spending during November sales due to high living costs, according to a Histadrut Consumer Authority survey. While 68% delayed purchases for sales, 50% distrust advertised discounts. Consumers are prioritizing price and website reliability, with 94% checking shipping costs. The CEO noted increased consumer caution amid persistent financial pressures.
The story in 6 lines · by baba
- 48% of Israelis will cut purchases in November sales due to high living costs.
- 68% of Israelis delayed purchases to take advantage of November sales.
- 50% of Israelis do not trust advertised sales discounts.
- Fashion and footwear are the top planned purchases during sales.
- 94% of Israelis check shipping costs before ordering online.
- The CEO of the Consumer Authority noted increased consumer caution.
A new survey reveals that nearly half of Israelis, 48%, plan to reduce their purchases during the November sales period due to the current economic situation and the rising cost of living. Despite the economic pressures, 68% of respondents admitted to delaying planned purchases specifically to take advantage of the November sales, a period known for major shopping events.
The survey, conducted by the Histadrut Consumer Authority, found that 44% of Israelis will only be able to afford some of the items they want, or will have to forgo shopping altogether. Of those planning to shop during the sales, approximately 63% intend to spend no more than 1,000 shekels.
Fashion and footwear are expected to lead consumer purchases, with 68% of shoppers planning to buy items in this category. Electronics follow at 48%, with home goods and decor at 43%.
Adding to the cautious approach, 50% of respondents expressed distrust in the advertised discounts. When choosing where to shop, 39% prioritized price, while 34% considered the reliability of the website most important. Furthermore, a significant majority of consumers meticulously check additional costs, with 94% verifying shipping fees and 75% examining cancellation and return policies before making a purchase.
Yaron Levinson, CEO of the Histadrut Consumer Authority, stated that the November sales do not alleviate the ongoing financial pressures on consumers. "Consumers are looking to save, but at the same time have become more cautious, calculated, and suspicious," Levinson commented, urging shoppers to compare prices, check shipping costs, and review return policies, rather than relying solely on advertised discount percentages.
