Customers are being just as protective with their gift cards as they were with their own money when buying Christmas gifts. The idea of free money is all in the past. They want value or something very special.
More Quotes from Britt Beemer:
They say that they're going to give their child a mutual fund contribution or some kind of gift through a stock investment.Britt Beemer
It's a reflection of the bargain-hunter mentality of America since Sept. 11. Americans certainly changed the way they look at what they spend their money on.
Britt Beemer
There are a lot of wealthy income consumers that have given a lot of money to hurricane funds, and they're saying they're doing that in lieu of Christmas gifts,
Britt Beemer
Today, only about one-third of holiday purchases are returned as compared to just four years ago. Returns are very expensive for retailers because they have to retag the item and mark down the price. If I bought something for 29 and return it, store may have to cut the price to as low as 14 before restocking it.
Britt Beemer
These Thanksgiving shopping numbers will be the lowest in a decade,
Britt Beemer
Electronics continue to lead all categories in year-over-year sales growth for the holidays.
Britt Beemer
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