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Home » News » Business

Monday, November 30, 2009

Rock 'n' roll is shaking up holiday sales

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  • PHOTOGRAPHS BY NICOLA LEIGH/SPECIAL TO THE WASHINGTON TIMES
Jon Keatts, marketing manager for Liverpool, England's, Cavern Club, where the Beatles once played, stands in front of its "Magical Mystery Tour" bus. He says music remains "a very, very healthy scene" there. Like many U.S. and British nightclubs, the club offers rock classes and is a good place for indie bands to play.
  • NICOLA LEIGH/SPECIAL TO THE WASHINGTON TIMES.
The Cavern Club in Liverpool, England, is a good place for aspiring musicians to learn the skills needed to play in a rock band and also to perform once they have formed a group.
  • Josh Philip (left) takes a rock-band class at the Cavern Club. His tuition was a combination 18th-birthday and early Christmas present from his parents. Economists say parents are likely to spend money this season on goods related to rock, from fashion to electronics.
  • In the Guitar Hero video game, users simulate playing rock songs with a mock guitar on an Xbox, Wii or PlayStation.

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By Lisa Prezioso Linnell THE WASHINGTON TIMES

Rockin' around the retail tree. Whether listening to a digitally remastered Beatles CD, shopping for Guitar Hero, purchasing a drum set or enrolling your teen in a rock-band music class, you're in a groove that is good - for the economy.

Parents are being drawn toward all things rock 'n' roll-related, and some economists say that can only help Christmas sales for key products within the categories of music, fashion, consumer electronics and entertainment.

"This could be a speck of good news in general if Christmas is where we do a lot more retail," said economist David A. Brat, a member of Virginia Gov. Tim Kaine's advisory board of economists and economics department chairman at Randolph-Macon College near Richmond.

While it is difficult "to drill down to the micro level" to assess just how individual sales of distinctly different items are converging in a rock-related upswing, Mr. Brat said, "parents are spending more on the family unit," which could help nudge the economy out of its doldrums.

"If I'm looking at just consumer goods, there's a nice little shift going on there," said Doug Hermanson, an economist with Columbus, Ohio-based Retail Forward. He said government data for September show "a loosening up" in spending, with sales of prerecorded music increasing 1.2 percent and musical instrument purchases jumping 3.5 percent over the previous month.

While Mr. Hermanson admits it is difficult to track rock-inspired items within individual categories such as fashion, a current trend toward everything from Mohawk haircuts to zippered-and-spiked black leather bags screams of punk-rock styles reminiscent of the early 1980s, which was another post-recessionary period.

"As we start to recover, the categories that will show the first signs of strength will be the smaller-ticket, discretionary items" such as apparel and music, Mr. Hermanson said. "I think music is unique. Kids are not going to go without Christmas this year."

Those buying patterns make sense to Jon Cole, an associate professor teaching behavioral psychology at the University of Liverpool.

"People spend money on luxury items that they deem to be a necessity," Mr. Cole said. "You have impulsive shoppers, so if you're into music, the recession isn't really going to affect it." Recalling how Hollywood's heyday began during the Great Depression, Mr. Coles said, "People had absolutely nothing, but they would still go to the movies, didn't they?"

Contrast the Depression era of the 1930s, when young people flocked to Hollywood seeking fame in films, with today, when from the comfort of home, teens use technology to jump-start their journey toward another kind of celebrity - that of rock stardom.

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