IE Business Daily Business news for the Inland Empire.
The National Retail Federation expects a record number of shoppers to hit the malls and shopping centers nationwide the Saturday before Christmas.
An estimated 158.9 million people will shop Dec, 20, which would top the 157.2 million “Super Saturday” shoppers last year, and the previous record of 158.5 million set three years ago, the federation reported.
Forty five percent of those surveyed said they plan to shop both in-store and online, up slightly from 2024, while 29 percent said will shop exclusively in-store, and 26 percent online. Forty six percent said they expect to finish their holiday shopping online, 33 percent at a department store and 26 percent at a discount store.
The most popular gifts purchased to date include clothing and accessories (48 percent), toys (30 percent), and gift cards (27 percent).
The federation predicts that more than $1 trillion will be spent by U.S. consumers during this year’s holiday season.
