Americans will raise their holiday spending by 1% this year, offering “glimmers of hope” for retailers, according to a trade group.
A survey by the National Retail Federation showed that U.S. consumers plan to spend an average of $688.87 on holiday-related shopping, Bloomberg News reported. Of the total, $518.08 will be spent on gifts.
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Americans to Spend More Over Holiday Season originally appeared on DailyFinance on Tue, 19 Oct 2010 06:53:00.
Filed Under: Company News, Economy, Retail