Holiday Shoppers Tightening the Belt - Slightly
Deloitte & Touche partnered with the National Retail Federation to perform a study of potential shopping habits for the upcoming holiday season, which officially launches this Friday, the day after Thanksgiving.
The study found that Year-2000 shoppers are likely to spend, on the average, $836 this season, compared to an average of $849 in the holiday season last year.
The good news for retailers, however, is that more people are expected to be out there shopping this year compared to last year, and as a result sales are predicted to rise 4.5 percent over last year.
Some interesting findings in the study include:
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Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.