Posts Tagged ‘consumer spending’

Despite Big Black Friday, Consumers in a Frugal Mood for Holidays

Monday, November 28th, 2011
DOLLARVia Press Release

U.S. households are expected to spend an average of $497 on gifts this holiday season, The Conference Board reported early this month. Only 7 percent of consumers said they plan to spend more on holiday gifts this year, while approximately 40 percent plan on spending less than last year.

The survey of holiday gift spending intentions, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The survey was conducted for The Conference Board in October.

“As the holiday season approaches, we once again find consumers in a frugal mood,” says Lynn Franco, Director of The Conference Board Consumer Research Center. (more…)

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Don’t Expect Next Decade to Be Like the Last

Tuesday, December 8th, 2009
Posted by: Diane CapuanoStephens

Retailers in the home improvement sector are anxious for the economy to improve, anticipating the time when consumers will loosen their purse strings and start spending again. However, those who are expecting a return to the robust consumer spending habits that occurred prior to the recession should heed the words of Doug Stephens, president of Retail Prophet Consulting (at right).

“Going forward, I think we will see a new degree of thoughtfulness and responsibility on the part of consumers that will last well into the new decade,” Stephens told Paint & Decorating Retailer magazine. “We will still aspire to buying that new car or home (more…)

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