|GLOBAL YOUTH BECOMING MORE HOMOGENEOUS CONSUMERS|
NEW YORK, USA -- Teens around the world are becoming more and more homogeneous in terms of their consumer wants and desires, according to a research study conducted by PANGAEAR, International Consultants in 1995. This was the first global teen research study conducted on the internet -- in 10 countries simultaneously. Findings from 500 qualified teen respondents indicated that the youth around the world were becoming increasingly more alike, most likely due to their common exposure to media from television and music to computers as well as improvements in technology (i.e. telephones and airplane travel). Brands and styles preferred by teens in Israel to Hong Kong to the USA and elsewhere were surprisingly alike, although local preferences, of course, are still noted.
While brand and related icons are similar from country to country among teens, PANGAEA also found that teen concerns were similar across borders -- teens shared the same sorts of worries -- with some exceptions, mostly noted in Israel, where the realities of war affect their outlook and perspective. Aside from this, teens in Japan, the US, China and the seven other countries studied, were mostly worried about what they would be when they were grown, making money and other surprisingly mature issues, though US and Japanese teens were more focused on themselves than teens from other countries we studied. Teens in Israel and Europe, for instance, were more likely to focus on worries about the environment, trade agreements, etc. Also common among most teens was the focus on "me" the "individual" and on being different, yet still 'fitting in.' An interesting contradiction.
Five years later, these findings continue to be supported by 'traditional' research, in which retailers find these similarities when looking at even younger kids' shopping habits around the globe. According to retail experts from London to Hong Kong, children's preferences for the upcoming holidays are very much alike -- they include the small robotic toy dogs (i.e. Poo-chi), a scooter (Razor), mini monsters and Pokemon items.
Trends in buying habits have changed because of technology advances and the market environment which has created demand for marketers to release the same products simultaneously in various countries, according to NPD Inc., a US market research firm. The fashion industry has also recently launched a similar, simultaneous distribution stream.
We can expect these trends to become even more prominent as our cultures collide and collaborate through increasing exposure to multimedia channels and travel.
HANOI ,Vietnam -- According to Vietnam tourism statistics, international tourist arrivals to Vietnam were up nearly 20% in 2000 from the year before. This represented more than 2.13 million foreign visitors and US$1.2 billion. Vietnam's 2001 tourism goal is 2.2 million visitors. With improving facilities, changing perceptions and greater awareness/advertising, visitors are re-discovering such destinations as Nha Trang, Hue, and of course Ho Chi Minh City and Hanoi.
TOKYO, Japan -- The New Year does not look like it will be any brighter for the Japanese economy. For the 44th month in a row, retail sales are down -- down 4.1% in November from the previous year, while Japan's unemployment rate reached (4.8%) its post-war high last month. And, spending by Japan's salary-earning households declined by 2.3% in November from a year earlier, following a 0.1% drop in October, despite a slight salary increase for the second consecutive month.
Consumers are spending less in this pessimistic climate. And as more companies restructure and downsize, workers are being forced into early retirement or to look for jobs in a shrinking market.
NEW YORK, USA -- Coca-Cola is looking into the milk beverages market to appeal to children under the age of 12, according to The Wall Street Journal. Coke is expected to test-market several milk-based drinks in the USA, Europe and Latin America.
Coke has consulted with nutritionists and pediatricians, and has done research among mothers and children, to develop a product that appeals to consumers on both taste and nutrition.
In addition to developing milk-based beverages, Coke is also
exploring possibilities for new youth-oriented juices and
|ONE OF WORLD'S MOST AFFLUENT COUNTRIES EARNS 37% MORE||[continued, Affluent Countries...]|
SINGAPORE -- One of the world's most affluent countries, Singapore, reports a 37% rise in income for the five years from 1993 - 1998. Average monthly household wages rose to 5,262 (Singapore dollars) from 3,829 in 1993. Spending rose only 22%, according to the Department of Statistics in Singapore. Of course, there is barely a middle class in this country where the split between the have's and have not's shows a remarkable disparity.
For example, families living in private homes earned between 12,667 and 15,014 Singapore dollars each month, while those who lived in government built homes earned household monthly wages of about 4,345 Singapore dollars. Nevertheless, in this affluent market, nearly three-quarters (71%) said they own investments or assets, up from 39% in 1993. Of those, 54% invested in the stock market in 1998, compared with only 8% in 1993. For more statistics, see our Country Comparison tables.
(Source: YOUR LINK HERE)
SUBSCRIBE TO THE NEWS
Share Your Thoughts
WORLD NEWS -- TODAY...
daily headlines and abstracts
Please let us know what you think about the Interactive Global NEWSTM
newsletter. Tell us what you like or dislike about it.
Feel free to share your comments with other readers. When sending comments, please specify "IGN Comments" in the subject line.
Keep up-to-date on general global business news and trends as they occur --
updated 24-hours per day, 7 days a week. PANGAEA.NET
members have further access to country- and industry- specific news everyday.
American Airlines' Net SAAver and Net SAAver International offers last minute travel bargains for travelers departing from the USA. You can schedule a last minute meeting or a weekend getaway to selected destinations throughout the USA, Europe, the Caribbean, Central America or South America each week and benefit from these discounted rates.
Through this program, you can fly at discounted rates, as long as you can plan to travel on short notice. These low round-trip fares are good for travel only on the dates specified. They expire on Fridays. Check back each Wednesday for the week's destinations! Here are some sample destinations and prices.
From Chicago O'Hare, IL (ORD) to:
From Dallas/Ft. Worth, TX (DFW) to:
From Miami, FL (MIA) to:
From New York Kennedy, NY (JFK) to:
From San Juan, Puerto Rico (SJU) to:
[Restrictions apply. Check with American Airlines or our travel service group for details and confirmation. Not responsible for typographical errors.]
International flight departures leave on Thursday or Friday, November 16 - 17, 2000
To take advantage of these or the most current last minute bargains, or any travel needs, Call 1-800-715-4440 and ask for a Net SAAver Domestic or International Fare. Be sure to give the agent this PIN#: 27035 to book your flight. Or send e-mail to firstname.lastname@example.org, include your name and telephone number, please.
You can also read the latest news about Travel & Tourism.
|.....check back for more news this month!|
For more information about any of these topics in any foreign market, or
if you would like an in-depth market study, contact PANGAEA, International Consultants. With
an extensive network of marketing consultants, attorneys, ad agencies, research companies, logistics experts and more around
the world, PANGAEA is uniquely qualified to offer hands-on, local marketing and management
(c) 2001 PANGAEARCommunications. All rights reserved. Materials found on this website are for personal and non-commercial use; they are not for resale. No part of this domain or file (including but not limited to text, graphics, audio and video, utilities and other) may be directly or indirectly copied, rewritten, distributed, published, broadcast or disseminated in any medium in part or in whole without the express prior written permission of PANGAEACommunications
Readers do not hold PANGAEA liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damage arising from any of the foregoing.
Interactive Global NEWStm International Standard Serial Number (ISSN): 1523-1631
This newsletter is available via e-mail
Visa/MasterCard/American Express accepted.
Contact us to subscribe.
Reprints, downloads or copies of this issue are US$5.00 per copy, payable on the honor system.
Send payments to PANGAEACommunicationstm.
Reprints, downloads or copies of this issue are US$5.00 per copy, payable on the honor system. Send payments to PANGAEACommunicationstm.
Member of the Internet Link Exchange
Page Updated 1/3/01