2010 Holiday spending increasing according to research studies
UNCENSORED NEWS | November 25, 2010 at 10:03 amby
384 views | 0 Recommendations | 0 comments
www.blackfriday.info advertises many department stores and slashed prices offered on the sale of all sales during the start of the 2010 Thanksgiving/Christmas season.
Still, Americans are being purposeful and are expected to look for deals and stick to lists. In fact, shoppers are expected to keep paring down the number of gifts to 16.8 from 18.2 in 2009, according to Deloitte Research. But Deloitte also expects shoppers to spend more overall. That means presents this year should be a little nicer. "Last year, people were giving toasters, and pots and pans," said Kathy Grannis, a spokeswoman at the National Retail Federation, the retail industry's trade group. "But now you'll see shoppers buying a little nicer gift . that set of candles or a nice set of hat, gloves and scarf."
Retailers had a solid start to November, fueled by early discounting. MasterCard Advisors' SpendingPulse, which tracks spending across all transactions including cash, reported spending increases in clothing (up 9.7 percent), luxury goods excluding jewelry (up 6.7 percent) and jewelry (up 8.1 percent) from Nov. 1 through Nov. 13 compared with a year ago. Online spending, while just 10 percent of total holiday spending, has surged. More than $9 billion was spent online between Nov. 1 and 21, up 13 percent compared with the same days last year, according to research firm comScore.
We are the official site for all of the 2010 Black Friday ads as they are reported to us during this holiday shopping season. As we get closer to Black Friday 2010, we will be posting sale information along with Black Friday ad scans. If you would like to submit Black Friday deals or if you are a member of the media and would like to talk with us about a holiday shopping story, please contact us.
These members have powered this story: