According to the latest consumer survey, Americans who celebrate the holidays in 2023 expect to spend an average of $875 on gifts, decorations, food and other key seasonal items. This is $42 more than what will be spent in 2022 and is consistent with the average budget of the past five years. About $620 of the $875 planned to be spent is for gifts, and consumers have allocated $255 for seasonal items such as decorations, candy or food. Shopping destination trends are still evolving, with 58% of consumers planning to shop online, followed by department stores (49%), discount stores (48%), and grocery stores and supermarkets (44%). Gift cards remain the most popular gift, with 55% of holiday shoppers expecting to receive one this year, followed by apparel or accessories (49%), books, video games or other media (28%), and personal care or beauty items (25%). 23% of holiday shoppers say they plan to give experiential gifts, consistent with last year and up from 19% in 2021. Even though consumers have a larger holiday budget than last year, they are looking for ways to make the most of it. When it comes to buying gifts, 62% of consumers say sales and promotions are more important to them this year than last year. About one-third (36%) say they are cutting back on spending in other areas to pay for holiday items, while 30% are buying gifts for fewer people and another 27% are spending less on gifts for themselves. The top five gift categories consumers plan to give are apparel (56%), followed by gift cards (44%), toys (37%), books, video games and other media (31%), and food/candy (29%). A record 28% of consumers plan to buy personal care and beauty items as gifts this holiday season, compared to about a quarter in recent years. The most popular source of gift inspiration remains online searches (44%), followed by friends and family (35%), physical stores (32%) and wish lists (26%). |
<<: Wunderman Thompson: UK Black Friday 2023 report
>>: JD.com's financial report: JD.com's revenue reached 247.7 billion in Q3 2023
There are many common Chinese medicinal materials...
Huai Niuteng is a medicinal herb that people ofte...
Review expert: Wang Guoyi, Postdoctoral Fellow in...
When dining out, many people will follow the pre-...
In daily life, we can often see the figure of Gra...
《Cotton Swab Medical Science Popularization》 Wang...
On January 17, 1966, the J-7 fighter jet independ...
Death represents the end, because everything we h...
After an air crash, all eyes will be on the black...
Huoxiang Zhengqi Capsule is a very common medicin...
Aconitum can be used to treat diseases, but impro...
White bell seed is a very nutritious and precious...
In the digital age, browsers have become our gate...
Litsea cubeba is also known as Mountain Pepper, a...
The Future Science Prize Committee announced the ...