By Gary Symons TLL Editor in Chief The National Retail Federation projects average consumer spending over the 2024 holidays will reach a record $902 per person. The NRF bases that number on the average expected spending for gifts, food, decorations, and other seasonal items, with figures coming from its annual consumer survey conducted by Prosper Insights & Analytics. … [Read more...] about NRF Predicts 2024 Holiday Spending to Reach New Record
Holiday Spending
NRF Predicts US Holiday Spending Close to $1 Trillion
By Gary Symons TLL Editor in Chief The National Retail Federation predicts holiday spending will grow by 2.5 to 3.5% in 2024, boosting U.S. spending to almost $1 trillion. The NRF says the increase will equate to spending of between $979.5 billion and $989 billion in total holiday spending in November and December, compared with $955.6 billion during the same time … [Read more...] about NRF Predicts US Holiday Spending Close to $1 Trillion
Spending Up as Love Sets In
The NRF estimates that just over half of U.S. adults will celebrate Valentine's Day this year by buying a gift for a significant other, friends, or pets—reaching $19.6 billion in spending, up from $18.2 billion in 2017. Those 25–34 years-old will be the biggest spenders, with an average bill of $202.76. By product category, a total of $4.7 billion will be spent on jewelry … [Read more...] about Spending Up as Love Sets In
Tis the Season to be Creepy
By Karina Masolova, karina@plainlanguagemedia.com This Halloween season is expected to generate a record $9.1 billion in spending with 72% of American adults celebrating, according to the National Retail Federation (NRF). Costumes make up the largest share of spending, coming in at an estimated $3.4 billion in total. Pets aren't left out—about 10% plan to dress their furry … [Read more...] about Tis the Season to be Creepy
Super Saturday, Online Sales Brighten Holiday Ledgers
Although Americans are starting to shop for their holiday gifts earlier in the year, that doesn't mean that they're finishing earlier. The National Retail Federation estimated that 155.7 million people would head to stores on Dec. 17th, the last Saturday before Christmas (compared to 99 million shoppers over the Thanksgiving weekend). Although the real figure is somewhat … [Read more...] about Super Saturday, Online Sales Brighten Holiday Ledgers
Halloween Spending Up; Entertainment Tops Costume Choices
By Karina Masolova Halloween spending is expected to reach an all-time high this year, according to the National Retail Foundation (NRF)'s Halloween Spending Survey; total spending is expected to reach $8.4 billion, up 21.7% from $6.9 billion in 2015. The last time sales came close was in 2012, at a previous high of $8.0 billion. Over 171 million Americans expected to celebrate … [Read more...] about Halloween Spending Up; Entertainment Tops Costume Choices