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Last-Minute Shopping Is the Norm

19 Dec, 2008 By: Chris Tribbey

The Sony BDP-S350 Blu-ray Disc player was No. 5 on PriceGrabber’s top 10 products consumers have been shopping for online since Black Friday, according to its Consumer Electronic Pricing Trends and Forecast report.

The report also finds that, of the more than 2,000 consumers surveyed, one out of three shoppers is buying consumer electronics for Christmas, or asked for one. However, on a whole, consumers are waiting until the last minute to do their shopping, with nearly 20% of shoppers waiting until after Dec. 15.

“It appears that online shoppers are putting off their shopping until the last two weeks this December or waiting for any last-minute deals,” the report reads.

Retailers have done their best to move consumer electronics out the door by lowering prices: in year-over-year pricing, the price for a PlayStation 3 has dropped nearly 60%, Xbox 360s are down 47%, and Blu-ray player prices have dropped 49%.

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