Tuesday , March 19 2024
Retail industry expects to have a good Christmas this year
Retail industry expects to have a good Christmas this year

Early holiday spending matches 2016

Seventy four percent of those who shopped on Thanksgiving Day-Black Friday spent as much or more than they did in 2016, good sign for the rest of this year’s holiday shopping season, according to a report released Wednesday.

Also, 60 percent of the money spent by shoppers during that two-day period was spent on gifts for others, with the remaining 40 percent spent on items that weren’t gifts, the New York-based International Council of Shopping Centers reported.

Seventy one percent of those surveyed said they purchased merchandise in-store, while 42 percent reported making an online purchase from a retailer with a physical store.

Thirty nine percent said they bought something from a pure online retailer, the report stated.

Check Also

Record sales for holiday retail

Despite a sold economy, a lot of people aren’t spending much

Two thirds of Americans say they’ve cut back on their spending because they’re concerned about …