More holiday shoppers say they’ll spend less
New York (Reuters) – More consumers are planning to spend less this holiday season than a year ago, according to a survey released on Tuesday that adds a fresh note of caution to what is shaping up to be a ho-hum holiday shopping season.
The National Retail Federation survey also showed consumers continue to procrastinate, meaning the final days of the shopping season will be crucial for retailers.
“The last-minute rush will be busier than ever this year,” said NRF President and CEO Tracy Mullin in a statement.
The survey, conducted between December 4 and December 11, found that 33.4 percent of shoppers said they intend to spend less this year, compared with 29 percent who said the same thing a year ago.
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