There were many polls and surveys from this past summer and fall which forecast that consumers, although anxious about inflation, would spend more on the holidays this year than last. Those polls and surveys are bearing out as on the money. Helpful insight into how Americans would balance feeling uneasy and uncertain about the economy,…
US Consumer Holiday Spending is Posting Big Numbers, Despite Anxiety About Inflation and the Economy
Stores Report Record Number of Thanksgiving Weekend Shoppers
November 29, 2022
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Retailers reported a record number of holiday shoppers hitting the stores in person and online during Thanksgiving weekend, but a looming rail strike threatens to scuttle some remaining sales, the National Retail Federation reported Nov. 29. More than three-quarters of consumers—nearly 197 million—said they shopped over the Thanksgiving holiday weekend, up 6 percent since 2021….
Black Friday Shopping Mixed as Foot Traffic Sparse but Online Buying Soars
Thin crowds of inflation-weary shoppers hunted for Black Friday deals, with foot traffic remaining sparse in many malls across the country as Americans instead flocked online, where they spent a record $9.12 billion. Around 166 million people were planning to shop from Thursday’s Thanksgiving holiday through this coming “Cyber Monday,” according to the National Retail…
More Consumers to Shop on Small Business Saturday Than Black Friday: Survey
This year’s holiday sales might see Small Business Saturday emerge as the most attractive day for shopping among American consumers, according to a latest survey by Bankrate. Small Business Saturday, which follows Black Friday, was founded in 2010 by American Express with the co-sponsorship of the Small Business Administration and is an annual holiday dedicated…
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Australians Urged to ‘Spend Big’ at Small Businesses During Black Friday, Cyber Monday
Australian shoppers are being kindly urged to “spend big” at small businesses this weekend as Black Friday kicks off. Bruce Billson, the Australian Small Business and Family Enterprise Ombudsman, said Australians had the opportunity to support small businesses after a challenging period. “When you spend at a local small or family business, it’s the gift…
Americans Plan to Spend More on Black Friday and Cyber Monday 2021 Than Last Year: Survey
A new report from Boston Consulting Group (BCG) shows that Americans plan to spend more during this year’s Black Friday and Cyber Monday events than last year’s, suggesting retailers may be in for a windfall as the busy holiday shopping season kicks off. The report (pdf), released last week, shows that Black Friday and Cyber Monday…
Americans Plan to Spend More on Black Friday, Cyber Monday Than Last Year: Survey
Americans plan to spend more this year on Black Friday and Cyber Monday than last year, according to a new report from Boston Consulting Group (BCG), which indicates that retailers may be in for a windfall at the start of the busy holiday shopping season. The report (pdf), released last week, shows that Black Friday and…
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