SEARCH
« Justice Department Sues Blue Cross Blue Shield of Michigan in Anti-Trust Case | Main | Apple Announces Record Revenue in Fourth Quarter Earnings Report, But Shares Still Drop »
Tuesday
Oct192010

National Retail Federation Expects Holiday Gift Spending to Increase

Photo Courtesy - Getty Images(NEW YORK) -- The National Retail Federation predicts overall holiday spending this year to increase by 2.3 percent compared to 2009 and reach $447 billion. Overall sales increased slightly last year and were down 3.9 percent in 2008, at the height of the financial crisis.

“Consumers will still shop with the economy in the back of their minds, but we’re starting to see shoppers take baby steps toward a new normal,” says Matthew Shay, NRF president and CEO.

Though the NRF believes the current state of the economy will weigh on most Americans' minds, there are ways by which retailers can entice consumers to spend.  Consumers tell the retail trade group that they’re looking to maximize their holiday spending by looking for discounts, using coupons and doing comparison shopping online and with their smartphones.

NRF says the most popular categories for gifts remain clothing and books, CDs and DVDs.

Copyright 2010 ABC News Radio

References (4)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Response: research
    National Retail Federation Expects Holiday Gift Spending to Increase - Business News - ABC News Radio
  • Response
    Response: zychlinski yacht
    National Retail Federation Expects Holiday Gift Spending to Increase - Business News - ABC News Radio
  • Response
    Response: very
    National Retail Federation Expects Holiday Gift Spending to Increase - Business News - ABC News Radio
  • Response
    Response: reserve
    National Retail Federation Expects Holiday Gift Spending to

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio