By Gary Symons TLL Editor in Chief The National Retail Federation projects average consumer spending over the 2024 holidays will reach a record $902 per person. The NRF bases that number on the average expected spending for gifts, food, decorations, and other seasonal items, with figures coming from its annual consumer survey conducted by Prosper Insights & Analytics. … [Read more...] about NRF Predicts 2024 Holiday Spending to Reach New Record
Christmas shopping
Shoppers Ignore Downturn, Notch Record Spending for Black Friday
By Gary Symons TLL Editor in Chief Online shoppers thumbed their noses at inflation and a looming recession, setting a new record for online Black Friday spending. Figures from Adobe Analytics showed US consumers spent a record $9.12 billion while online shopping Friday, an increase of 2.3% over last year, and surpassing the previous online Black Friday record of $9.03 … [Read more...] about Shoppers Ignore Downturn, Notch Record Spending for Black Friday