Attention, shoppers: Holiday season has begun
About 16% of Americans have already started to look for holiday deals, and retailers are eager to accommodate them.
This post comes from Melinda Fulmer of MSN Money.
While most of us are still trying to pick out a Halloween costume, hungry retailers have leap-frogged to Christmas, with most predicting the best holiday shopping season since the beginning of the recession.
The early leaks aren't that tempting -- coming from retailers such as Half Price Books, Harbor Freight Tools, Build-a-Bear Workshop, and discount chain Fred's -- but they do show that doorbusters are alive and kicking, even if fewer shoppers are expected to brave the cold to land one this year.
While holiday retail sales are expected to rise 4.1% this year to $586.1 billion, according to the National Retail Federation, fewer people are expected to head out to stores the day after Thanksgiving to snag bargain-priced appliances and televisions, and more will shift their purchases to the Web.
Shoppers this year are starting earlier and will finish later, in an attempt to catch the best deals, analysts say. According to research firm NPD, 16% have already started their holiday shopping and an additional 21% plan to start before Thanksgiving.
Retailers are expected to be right there to court them, offering bigger deals ahead of Black Friday. Many stores are already hawking their layaway and price-matching guarantees in an effort to get shoppers spending early and often.
"Retailers will continue to look for ways to stand out, specifically with attractive deals on toys, electronics and apparel, even well before the 'official' start of the holiday shopping season -- Black Friday and Cyber Monday," NRF president and CEO Matthew Shay said in a press release.
The average holiday shopper is expected to spend $749.51 this year on gifts, décor, greeting cards and other items, up slightly from $740.57 last year, according to NRF.
However, this year, a bigger share of this shopping is not for the kids, friends and relatives, but a little gift for the giver. Six in 10 shoppers -- the most in the survey's history -- plan to spend an average of $139.92 on "self-gifting" this holiday season.
Of course, at least some of the shopping headaches could be avoided. The most-wished-for item this holiday season is not that tablet, book or DVD, but a gift card (59.8%.) Ho ho ho.
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