You’re Not Getting a Gift This Year!

The latest National Retail Federation report on holiday spending says, get this, that holiday sales will experience their lowest increase since 2002. You don’t say…

Actually, we’re surprised that ANY increase is predicted at all, let alone a 1.9% rise over last year. According to its survey, consumers will spend $832.36, up from $816.69. Do YOU know anyone who’s spending MORE this year?

Nearly 70% of those polled said they will be shopping primarily at discount stores this year. Big surprise. And price came in way ahead of other factors, like customer service or a convenient location, in choosing a retailer.

Those who are in to self torture can read the full report here.

4 Responses to “You’re Not Getting a Gift This Year!”

  1. 1 James October 17, 2008 at 10:58 am

    We are returning to the true spirit of the season. I am building my young son a bird house out of crate box wood ( hand painted) and knitting my wife a pair of wool soxs, that’s it. Well, we might put a chocolate bar in his Christmas stocking if the unemployment check comes in time.
    NRF must be wearing rose colored glasses and smoking happy grass.

  2. 2 Paul Kesman October 20, 2008 at 8:02 am

    What will be interesting to watch this year is the percentage of sales that happen online versus in-store. I know this number has been growing and wonder if it will be even more pronounced this year.

  3. 3 Jay October 20, 2008 at 10:38 am

    The rich will be getting more. After all they already hold most of the wealth of the country. Why not spend a little of it.

    As for the rest of us “regular” citizens? Well, we’ll be hunkering down and spending less. The government already gave our christmas gift to the banks and crooks on Wall Street.

  4. 4 You may be right October 21, 2008 at 10:32 am

    Interesting comment, Paul Kesman. I was just thinking that people would spend LESS money overall, if they pre-selected the items they were going to purchase. Many items are purchased by “looking around.” Retailers count on it, and design their store layouts around it.

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