New York CNN —Spending on the holiday season is expected to rebound to – and even surpass – pre-pandemic levels this year for the first time.
The year-end months of November and December typically are dominated by shoppers scouring stores for deals and discounts on seasonal merchandise, including gifts.
“As many as 82% of shoppers said they plan to spend on non-gift purchases such as decorations.
While gift spending is still expected to grow 9% over last year, the report said people plan to buy one fewer gift versus last year.
“In terms of the allocation of holiday dollars, the biggest increase that we saw is in the non-gift group,” said Skelly.
Persons:
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Organizations:
New, New York CNN, Deloitte, Retail Survey, CNN
Locations:
New York