Holiday shopping in US: Americans expected to spend nearly $1 trillion in Nov-Dec 2024
3 weeks, 2 days ago

Holiday shopping in US: Americans expected to spend nearly $1 trillion in Nov-Dec 2024

Live Mint  

The National Retail Federation has projected that winter holiday spending for November and December will increase by 2.5% to 3.5% over 2023. Strong holiday spending Despite a cautious consumer outlook, NRF President and CEO Matthew Shay emphasized that the economy remains fundamentally strong, providing solid support for spending growth. “The winter holidays are an important tradition to American families, and their capacity to spend will continue to be supported by a strong job market and wage growth.” Online shopping leads the way Online shopping is expected to be a primary contributor to retail sales growth this season. Cautious but optimistic consumer spending NRF Chief Economist Jack Kleinhenz noted that while household finances are in good shape, consumers are expected to spend more cautiously this year. “We remain optimistic about the pace of economic activity and growth projected in the second half of the year,” he said, adding that the strong financial position of households will support steady holiday spending, albeit with some caution due to economic uncertainties.

Billion Nrf Holiday Spending Strong Holiday Strong Holiday Spending  2024  strong  holiday  spending  trillion  billion  novdec  nrf  spend  sales  expected  nearly  shopping  americans  winter  growth  nonstore

History of this topic

Cyber Monday: Shoppers expected to spend record $13.2 billion online, report says
Trending News
2 weeks, 6 days ago

Cyber Monday: Shoppers expected to spend record $13.2 billion online, report says

Hindustan Times  

Cyber Monday, held on the Monday after the worldwide Black Friday sale tradition, is expected to clock sales worth at least $13.2 billion, 6.1% more than the previous year, according to online shopping tracker Adobe Analytics. FILE - Cyber Monday –- a term coined back in 2005 by the National Retail Federation –- continues to be the biggest online shopping …

Cyber Monday shoppers expected to set a record on the year’s biggest day for online shopping
3 weeks ago

Cyber Monday shoppers expected to set a record on the year’s biggest day for online shopping

Associated Press  

Consumers in the United States are scouring the internet for online deals as they look to take advantage of the post-Thanksgiving shopping marathon with Cyber Monday. Even though e-commerce is now part and parcel of many people’s regular routines and the holiday shopping season, Cyber Monday — a term coined in 2005 by the National Retail Federation — has become …

Is Black Friday still a holiday shopping juggernaut in 2024?
3 weeks, 3 days ago

Is Black Friday still a holiday shopping juggernaut in 2024?

Hindustan Times  

NEW YORK — After weeks of pushing early deals, retailers in the United States and some other countries tried to seduce customers with promises of bigger discounts on Black Friday, the sales event that still reigns as the unofficial kickoff of the holiday shopping season even if it's lost some luster. Enough consumers enjoy holiday shopping in person that Black …

Black Friday set to dominate Thanksgiving weekend as 131.7 million prepare to shop
Trending News
3 weeks, 3 days ago

Black Friday set to dominate Thanksgiving weekend as 131.7 million prepare to shop

Live Mint  

Black Friday is expected to be the busiest shopping day of the Thanksgiving weekend, with 72% of shoppers—an estimated 131.7 million people—planning to visit stores or shop online, according to the National Retail Federation’s survey conducted with Prosper Insights & Analytics. Thanksgiving weekend shopping trends Overall, the NRF projects a record-breaking 183.4 million shoppers will participate in the five-day shopping …

More deals, more spending: What Black Friday has in store
3 weeks, 6 days ago

More deals, more spending: What Black Friday has in store

NPR  

More deals, more spending: What Black Friday has in store toggle caption Sarah Silbiger/Getty Images This week officially kicks off the busiest shopping period of the year — it's joy and chaos for shoppers and a make-it-or-break-it season for most retailers. But that's not the whole story: A greater share of people also plan to splurge this holiday season, according …

US consumers to bargain hunt in annual 'Black Friday' spree
4 weeks, 1 day ago

US consumers to bargain hunt in annual 'Black Friday' spree

Deccan Chronicle  

NEW YORK: US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded. Americans are "ready to open their wallets this holiday season," said the Conference Board ahead of Black Friday -- the day after Thanksgiving, which this year, falls on November 28 -- that …

The holidays will loosen our purse strings, forecasts say
1 month ago

The holidays will loosen our purse strings, forecasts say

Salon  

Buoyed by an economy that has strengthened in recent months, consumers plan to spend more on gifts, food and seasonal items this year, according to recent forecasts. The company said consumers strained by higher prices resulting from several years of inflation continue spending less on discretionary goods like home decor, electronics and clothing — the bulk of Target's sales. “The …

Walmart earnings: Holiday shopping is off to a strong start
1 month ago

Walmart earnings: Holiday shopping is off to a strong start

Live Mint  

Walmart said U.S. sales rose during the most recent quarter as shoppers bought more groceries, home goods and toys, a sign that spending is off to a steady start at the start of the holiday shopping season. The results Sales: U.S. comparable sales, those from stores and digital channels in operation for at least 12 months, rose 5.3% for the …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 1 week ago

Retail sales up solidly in October as Americans showed continued willingness to spend

Associated Press  

WASHINGTON — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. “People may not love how much it costs to go …

Retail sales up strongly in December as Americans showed continued willingness to spend
11 months ago

Retail sales up strongly in December as Americans showed continued willingness to spend

Associated Press  

NEW YORK — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely. Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% …

Americans ramped up spending during the holidays despite some financial anxiety and higher costs
11 months, 3 weeks ago

Americans ramped up spending during the holidays despite some financial anxiety and higher costs

Associated Press  

NEW YORK — Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to the latest measure. This year’s sales are more in line with what is typical during the holiday season, however, after a surge in spending last year during the …

Still haven't bought holiday gifts? Retailers have a sale for you
1 year ago

Still haven't bought holiday gifts? Retailers have a sale for you

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “I think this is a more challenging year than …

Still haven’t bought holiday gifts? Retailers have a sale for you
1 year ago

Still haven’t bought holiday gifts? Retailers have a sale for you

LA Times  

Super Saturday is expected to be the second busiest day of the holiday period after Black Friday. That’s lower than last year’s 5.4% growth but more consistent with typical holiday spending, which rose 3.6% between 2010 and 2019 before the COVID-19 pandemic skewered numbers. Adobe Analytics expects U.S. online holiday sales to rise 4.8% from last year between November and …

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
1 year ago

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants

Associated Press  

NEW YORK — Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. “While consumers continue to face hurdles from higher borrowing costs, tighter credit conditions and elevated prices, a still-strong labor market, a positive trend in incomes and an easing in price pressures should …

Retail sales rise 0.3% in November as Americans hit gas rather than brakes on spending
1 year ago

Retail sales rise 0.3% in November as Americans hit gas rather than brakes on spending

LA Times  

Despite elevated prices, consumers kicked off the holiday shopping season by keeping up their spending momentum, according to Commerce Department data released Thursday. Americans unexpectedly picked up their spending from October to November as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. Yet the National Retail Federation, the nation’s largest retail trade group, still …

Cyber Monday marks the year’s biggest online shopping day, and one more chance to save on gifts
1 year ago

Cyber Monday marks the year’s biggest online shopping day, and one more chance to save on gifts

Associated Press  

Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday. Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday — a term coined back in 2005 by the National Retail Federation — continues to be the …

’A lot quieter’ Black Friday brings out discount hunters
1 year ago

’A lot quieter’ Black Friday brings out discount hunters

Live Mint  

Shoppers took to stores across the world on a Black Friday that appeared subdued compared with prior years, looking for discounted electronics, clothing and household goods in the kickoff to the holiday shopping season crucial to big retailers. “People are spending, but they’re spending more conservatively.” A record 130.7 million people are expected to shop in stores and online in …

Retailers expecting 'record' Black Friday sales, but Westpac warns of 'penny-pinching' Christmas
1 year, 1 month ago

Retailers expecting 'record' Black Friday sales, but Westpac warns of 'penny-pinching' Christmas

ABC  

Despite high levels of pessimism among Australian consumers, David Wall has noticed a lot of people are buying board games and puzzles at his toy stores ahead of the Black Friday sales. "While we expect overall Christmas trading will be subdued, we're expecting this by Friday to be a record simply because people are shopping on a budget, and they're …

Behind Black Friday’s crowds lie stories of consumers squeezed by inflation
1 year, 1 month ago

Behind Black Friday’s crowds lie stories of consumers squeezed by inflation

LA Times  

Months of punishing inflation have pushed East Hollywood resident Diane Roque to economize by canceling her family’s cable subscription and prioritizing cooking at home. “Now it’s very online-focused, and we’re really looking to see the online velocity surge on the major days like Black Friday and Cyber Monday,” said Vivek Pandya, lead analyst at Adobe Digital Insights. “They’re stretching out …

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago
1 year, 1 month ago

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago

Associated Press  

NEW YORK — The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their spending pace will slow given all the economic uncertainty. The group forecast Thursday that U.S. holiday sales will rise 3% to 4% for November through December, compared with a 5.4% growth of a year ago. …

Shoppers’ holiday spending is expected to top $957 billion, a record amount
1 year, 1 month ago

Shoppers’ holiday spending is expected to top $957 billion, a record amount

LA Times  

Customers shop at a Nathan & Co. store in Oakland in 2022. This year’s holiday spending is expected to beat last year’s record spending of $929.5 billion. The National Retail Federation, an industry trade group, said holiday spending is forecast to reach record levels this year — up 3% to 4% from last year. Business Despite higher prices, American shoppers …

Three in 10 people have already started Christmas shopping – survey
1 year, 3 months ago

Three in 10 people have already started Christmas shopping – survey

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Three in 10 adults who …

Retail group: Holiday sales up slower-than-expected 5.3%
1 year, 11 months ago

Retail group: Holiday sales up slower-than-expected 5.3%

Associated Press  

NEW YORK — Sales for the holiday 2022 season slowed more than expected from its blistering pace a year ago as higher borrowing costs and higher inflation made shoppers pull back, according to the nation’s largest retail trade group. The National Retail Federation said Wednesday that holiday sales for the combined November and December period rose 5.3% to $936.3 billion. …

Holiday procrastinators are back in force. Blame inflation.
2 years ago

Holiday procrastinators are back in force. Blame inflation.

Associated Press  

NEW YORK — Last year, Lucila Gomez and her husband started their holiday shopping around Thanksgiving and wrapped it up a week before Christmas, spending $750 on tablets and clothing for their three children and relatives. We want to go into the New Year not owing anything.” Last minute holiday shoppers are back in force — and inflation is partly …

Amazon says it had its biggest Thanksgiving shopping weekend
2 years ago

Amazon says it had its biggest Thanksgiving shopping weekend

Associated Press  

NEW YORK — Amazon said Wednesday it had its biggest ever Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation. A record 196.7 million people shopped in stores and online during the five-day shopping period that stretched from Thanksgiving to Cyber Monday, 17 million more compared to last year, according to …

Black Friday lured shoppers back, in early test for holiday spending
2 years ago

Black Friday lured shoppers back, in early test for holiday spending

Live Mint  

Americans returned to their prepandemic habits on Black Friday as they spent more time and money in stores than last year, but some data show they were also cautious with spending as inflation weighs on their pocketbooks. The boost in store traffic over Black Friday comes after a surge last year from 2020, the first year of the Covid-19 pandemic …

Shoppers flood to stores on Black Friday - even as more people shop online for deals
2 years ago

Shoppers flood to stores on Black Friday - even as more people shop online for deals

Daily Mail  

More shoppers are also ordering their deals online - despite thousands of Amazon warehouse workers staging a mass Black Friday strike across 40 countries, including the US, over pay and working conditions Shoppers returned to familiar holiday shopping patterns to bag a bargain this Black Friday after two seasons marked by pandemic worries and supply issues. More shoppers are also …

Holiday shopping kicks off with inflation dampening spirits
2 years ago

Holiday shopping kicks off with inflation dampening spirits

Associated Press  

NEW YORK — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains. Isela Dalencia, who was shopping for household essentials like detergent at a Walmart in Secaucus, New Jersey, earlier this week, said she’s delaying buying holiday gifts until Cyber Monday — the Monday after Thanksgiving — when online sales rev up. Adobe Analytics …

NRF: Holiday sales to slow from last year’s blistering pace
2 years, 1 month ago

NRF: Holiday sales to slow from last year’s blistering pace

Associated Press  

NEW YORK — The National Retail Federation, the nation’s largest retail trade group, expects holiday sales growth will slow to a range of 6% to 8%, compared with the blistering 13.5% growth of a year ago. The forecast is in line with a slew of holiday forecasts from various research and consulting firms point to a sales slowdown from last …

Small businesses brace for cautious holiday shoppers
2 years, 2 months ago

Small businesses brace for cautious holiday shoppers

Associated Press  

NEW YORK — Small businesses are stocking the shelves early this holiday season and waiting to see how many gifts inflation-weary shoppers feel like giving. AlixPartners, the global consulting firm, forecasts that holiday sales will rise between 4% to 7%, far below last year’s growth of 16%. To prepare, owners say they’re ordering inventory earlier to avoid the supply-chain snags …

US retail sales rose 0.3% in February as high prices take a bite
2 years, 9 months ago

US retail sales rose 0.3% in February as high prices take a bite

Al Jazeera  

Many retailers are bracing for how the war in Ukraine will worsen supply shortages, with reports already surfacing of limited supplies of wheat, metals, and electronic chips. Retail sales increased 0.3 percent after registering a revised 4.9 percent jump from December to January, driven by wage gains, solid hiring and more money in banking accounts, according to the Department of …

Holiday sales rise 8.5% despite supply-chain issues and Omicron variant
2 years, 11 months ago

Holiday sales rise 8.5% despite supply-chain issues and Omicron variant

LA Times  

A shopper pushes her overflowing cart down an aisle at Macy’s in Indianapolis on Black Friday. Holiday sales rose at their fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and the raging new Omicron variant in the last few weeks of the season, according to one spending measure. Mastercard SpendingPulse, which tracks all kinds …

Why You Should Get Your Holiday Shopping Done ASAP
3 years, 2 months ago

Why You Should Get Your Holiday Shopping Done ASAP

Huff Post  

Kathrin Ziegler via Getty Images With inventory shortages, delivery delays and increased prices, it's best to get an earlier start on holiday shopping this year. “If you’ve been eyeing that TikTok-trending item or that must-have toy this season, buy it now if you see it in stock,” advised Kristen Gall, a shopping and retail expert at Rakuten Rewards. “Since shopping …

Retail group: holiday sales up 8.3% amid big spending shift
3 years, 11 months ago

Retail group: holiday sales up 8.3% amid big spending shift

Associated Press  

NEW YORK — The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. Moreover, even within the retail industry, big box stores like Walmart and Target are dominating the landscape, enjoying big sales gains at the expense of mall-based stores that were forced …

Holiday sales tick up as shoppers invest in their homes
3 years, 11 months ago

Holiday sales tick up as shoppers invest in their homes

Associated Press  

NEW YORK — Retail sales increased a modest 3% during a longer holiday season this year, as homebound shoppers spent more on furnishing and food but less on clothing and jewelry, according to figures released Saturday by a firm that tracks all forms of payments. Online sales rose a record 49% year-over-year between Oct. 11 and Dec. 24, according to …

U.S. Shoppers Might Spend $13 Million Per Minute During Cyber Monday Peak
4 years ago

U.S. Shoppers Might Spend $13 Million Per Minute During Cyber Monday Peak

NPR  

Shoppers Might Spend $13 Million Per Minute During Cyber Monday Peak Enlarge this image toggle caption Kena Betancur/AFP via Getty Images Kena Betancur/AFP via Getty Images U.S. shoppers are on track to spend more than $755 billion during the holiday shopping season in what's expected to be a new sales record despite the coronavirus recession. During the peak hour of …

Black Friday sees record online as US shoppers stay home
4 years ago

Black Friday sees record online as US shoppers stay home

Live Mint  

Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones. Consumers spent an estimated $9 billion on US retail websites on Black Friday, according to Adobe Analytics, which tracks online shopping. Even with that drop, Black Friday will still likely end up as one of the biggest in-person shopping days …

Weak 0.3% US October sales gain spreads some holiday unease
4 years, 1 month ago

Weak 0.3% US October sales gain spreads some holiday unease

Associated Press  

NEW YORK — Retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. A surge in coronavirus infections nationwide and the expiration of a $600 weekly boost to unemployment checks over the summer has slowed spending by Americans and contributed to the slowest retail sales growth since this …

Online shopping surge could lead to holiday delivery delays
4 years, 1 month ago

Online shopping surge could lead to holiday delivery delays

Associated Press  

NEW YORK — Retailers and carriers are preparing for an online holiday shopping surge that could tax shipping networks and lead to delivery delays. Walmart, the nation’s largest retailer, announced Thursday it was taking space in 42 regional distribution centers to create “pop-up”’ e-commerce distribution hubs to meet the surging demand for online orders this holiday season. “And it’s advantageous …

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