US Holiday Shopping Starts with $8 Billion Day
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Americans spent more in stores at the start of holiday shopping than a year ago, according to figures released on Saturday, but retailers&#39; hopes for the key season
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US consumers spend more as the holiday shopping season starts but fewer people head to the shops, research shows.
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Investor's Business Daily - Flat-panel TVs, notebook computers and video game consoles are hot items this holiday season. And apparently, Best Buy stores are where consumers want to buy them.
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Online consumers in the United States spent $8.8 billion, excluding travel purchases, in November, a 19 percent jump over the $7.4 billion spent online a year earlier, a report released on Monday said.
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Travel: Gear up for a Christmas spending spree with a spot of online window shopping.
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Don't write off the 2007 holiday shopping season just yet. Consumers are set to cash in $60 billion worth of gift cards in the next seven days, experts say.
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In the latest snapshot of the holiday shopping season, the government reported a better performance than Wall Street had been expecting.
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Seasons greetings are near, but so far there's little cheer for U.S. retailers wishing for "must-have" apparel items to land on holiday shopping lists.
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Across the country today, millions of Americans swarmed discount stores and filled downtown shopping districts to mark the start of holiday shopping season.
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The average American consumer will spend $702.03 this holiday season, favoring DVDs over jewelry, discount chains over department stores and low prices over customer service, according to a survey sponsored by the National Retail Federation, an industry trade group.
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Online consumers in the United States  spent $8.8 billion, excluding travel purchases, in November, a  19 percent jump over the $7.4 billion spent online a year  earlier, a report released on Monday said.
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WASHINGTON The Triple-A holiday travel forecast projects nearly 51 (m) million pople will be hitting the road in the United States for the Christmas and New Years holiday weekends.
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hoAs the holiday season wound down, U.S. residents kept on shopping significantly more than they did in 2006, particularly on the day after Christmas, but they also reported being less satisfied with e-tailers, according to a pair of studies.Between Nov. 1 and Dec. 27 -- the first 57 days of the holiday season -- U.S. shoppers spent almost $28 billion in online retail purchases, up 19 percent compared with the same period in 2006, according to comScore.Shoppers spent $545 million on Dec. 26, more than doubling the spending on that day in 2006, as they took advantage of late-season offers and discounts, according to comScore.Still, it looks like online spending growth for the 2007 holiday season will fail to meet comScore&#39;s 20 percent forecast, and fall way below the 26 percent growth registered during this period in 2006.comScore chalks up the smaller-than-expected growth to several factors, including warm weather in early November and various economic challenges this year, including higher gas prices, the real estate crunch, and a &quot;jittery&quot; stock market, the company said Sunday.Another important metric that dropped this holiday season compared with 2006&#39;s was customer satisfaction, according to ForeSee Results, a provider of online customer-satisfaction measurement services.A survey of more than 11,000 shoppers revealed that, on a 100-point scale, customer satisfaction with the largest 40 e-tailers dropped, in aggregate, to 74 points, down 1.3 points from the 2006 holiday season, according to ForeSee. It conducted the survey in conjunction with FGI Research using the methodology of the University of Michigan&#8217;s American Customer Satisfaction Index.Still, the spending growth in online shopping this holiday season, even at 19 percent, would greatly outpace the growth of overall U.S. retail holiday spending, forecast at 4 percent by the National Retail Federation.That 4 percent growth rate -- which would put 2007 holiday season retail spending in the United States at almost $475 billion -- would fall below the 10-year average of 4.8 percent and be the slowest since 2002, according to the National Retail Federation.
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Sated by the traditional Thanksgiving turkey, US consumers went on a multi-billion-dollar shopping fest snapping up post-holiday retail bargains in stores across America, the Visa credit card group said.
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US retailers holiday gift-card sales may have risen to more than $20 billion, topping forecasts and boosting after-Christmas shopping at stores after a lackluster holiday season.
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The day after Christmas in the United States is typically reserved for recovery from overindulgence, gift returns and ambitious shopping for next year.
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By Lisa Baertlein and Emily Chasan SAN FRANCISCO/NEW YORK  - U.S. online shoppers, who set spending and traffic records on Thanksgiving Day and the "Black Friday" that followed, were expected to break new ground again as they returned to work on what some are calling "Blue Monday."