More than one in six consumers said they will use their mobile phones to buy gifts during the holiday shopping season, according to the “Holiday Purchase Intentions Survey” from The NPD Group.
Sears Holdings will close an additional 40 locations in 2019 as the company continues to navigate bankruptcy proceedings.
Results emerging from the 33rd annual Deloitte holiday shopping survey include a second year of online shopping gains as consumers said they expect to spend 57% of their budgets online and 36% in brick and mortar stores.
Consumers are insisting that retailers provide them with free delivery in the gift buying season, according to Deloitte’s 32nd annual holiday survey of consumer spending intentions and trends.
Consumers looking to check items off their gift-giving list during the forthcoming holiday season will do more of their shopping online, according to a recent report from The NPD Group.
According to the 2016 International Council of Shopping Centers Thanksgiving/Black Friday shopping report, three quarters of Americans spent the same or more this year than last year, and 44% of that spend was on gifts.
Early results from holiday shopping over the Thanksgiving weekend were a mixed bag as more consumers visited their favorite stores and websites, but spent less on average, according to the National Retail Federation.
After almost tripling its online product assortment this year from eight million to more than 23 million items, Walmart is offering its largest Cyber Week assortment to date and kicking off the promotional period the day after Thanksgiving with online specials.
The decision by some leading retailers to open their stores on Thanksgiving Day continues to stir debate about the financial benefits of giving consumers the option to shop on the holiday.