Trendsetting Latino Shoppers, December 2012 [CHART]
Latinos display markedly different shopping habits than their non-Latino counterparts, according to a study conducted by Lapiz and Leo Burnett Group. For example, survey results indicate that they’re more than twice as likely to follow trends (41% vs. 18%), enjoy trying new products first (31% vs. 14%), and like being the first to share with their friends (30% vs. 13%). That propensity for trendsetting may be why Hispanics have been ahead of the general population in social media use and mobile device adoption.
Past survey results have shown that Hispanics have adopted mobile banking and finance at a faster rate than the general population, and indeed, the survey results from Leo Burnett and Lapiz also show that Latinos are far more likely than non-Latinos to shop with a mobile phone (56% vs. 33%) or tablet (43% vs. 25%). This demonstrates that in general, Hispanics have an inclination to try new products and technologies, a tendency that translates to the shopping process. Read the rest at MarketingCharts.