Consumers Expected to Spend More This Holiday Season

This holiday season, spending is anticipated to be up by 5 percent over last holiday shopping season. More consumers are expected to shop online this year as well! 

11/14/2019
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Consumer Holiday Spending is Expected to Increase This Year
More consumers will be holiday shopping online in 2019

With the holidays around the corner, retailers are ramping up for the big holiday push. One question on retailers’ minds at this time of year centers around spending habits during the holidays. For 2019, projections suggest that consumers are willing to open their wallets just a little bit more this season with holiday spending expected to increase by approximately 5 percent, according to a recent CNBC study

In addition, Deloitte’s 34th annual holiday shopping survey says that consumers are expected to spend $1,496 per household this season. That number includes shopping and holiday entertaining, and while fashion and accessories are still top gift purchases, more consumers are planning for experiences, celebrations and holiday travel with their holiday budgets. 

 

Where Consumers Will Shop

While holiday shoppers expect to spend more this season, online shopping is once again expected to  dominate purchasing power, with people surveyed expecting to spend 59 percent of their holiday budget online. Deloitte also reports that online/in-store shopping continues to blend as consumers now conduct research and purchasing as correlated transactions. Sixty-nine percent of shoppers say they will research online before making purchases in-store and 57 percent expected to research in-store and then make purchases online. A full 70 percent of cellphone users said they will use their phones to make purchases online this season. 

Looking for the Holiday Deals

Sales promotions are still a driving factor for purchases during the holidays with 81 percent of consumers surveyed saying they are influenced by discounts. As more consumers head online to shop too, free shipping is considered a purchasing driver as well. 

Whether online or in stores, home decor is always a fun choice as holiday gifts or to get ready for holiday festivities! We’ve shared a few picks that might work for your customers below.

 

Nila Throw Bloom & Give

The Nila throw from Bloom & Give is made of ultra-soft hand-woven cotton in a traditional Panipat Jacquard loom. Use as a throw, blanket, bed cover, or outdoors. It is pre-washed and measures 50 by 70 inches. The company donates 10 percent of all gross sales to girls education causes in developing countries.

 

Madcap Cottage Spice Route

Madcap Cottage’s new Spice Route tableware for Certified International features damask, chinoiserie and other patterns in complementary colors for a mix-and-match collection.

 

Sagebrook turquoise marbled box

The Turquoise Marbled Box with Agate Clasp from Sagebrook Home is made of wood and glass with a striking marbled design. 

 

All Across Africa tray

Intricately crafted with timeless tradition, these carefully dyed raffia fiber and sweet grass trays from All Across Africa make stunning statement pieces. Style it on a shelf or add it to a coffee or dining room table for a globally inspired feel. This tray is just the right size for a center piece or wall decor.

 

 

Alma Arte kettle clock

This clock from Alma Artte has been hand crafted from an old, discarded, brass kettle from the British era. The British traditionally used brass kettles to brew tea. This domestic appliance has historically only been found in British colonies. This is more than just a clock; this is a work of art combined with state-of-the-art clock technology from Taiwan. This antique masterpiece is one of the rarest models in the world.

 

Kindred Black glasses

From Kindred Black, the Studio Xaquixe Vaso Chico set of exquisitely imperfect, handmade, recycled drinking glasses have swirls of  deep marigold, fuchsia, and apple green. Made in Oaxaca, Mexico by Studio Xaquixe, a glassblowing workshop that supports the local community and uses sustainable processes and alternative energy to power their craft.

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