Skip to content
NOWCAST KCCI News on METV at 9pm Weeknights
Coming up Soon
Advertisement

Holiday retail sales are expected to be up this year

Holiday retail sales are expected to be up this year
WEBVTT >> IT IS THE MOST WONDERFUL TIMEOF THE YEAR!♪CYNTHIA: SHOPPERS STROLLING THESTREETS OF VALLEY JUNCTION>> THEY CATER TO CHRISTMAS INTHESE LITTLE SHOPS SO A LOT TOPICK FROM, CYNTHIA: ARE IN THE SPIRIT OFGIVING A LITTLE MORE THIS YEAR>> WITH THIS INFO WEATHER WEHAVE BEEN SEEING MORE AND MOREPEOPLE.CYNTHIA: IT'S NOT JUST THEWARMTH, IT'S WHAT'S IN THEIRWALLETS.>> YOU KNOW I'M AT THAT POINT IN, LIFE WERE I CAN SPEND ALITTLE MORE THAN I COULD WHEN IWAS YOUNGER SO IT'S A LITTLEHIGHER THAN NORMAL.CYNTHIA: WITH DISPOSABLE INCOME,INDIVIDUAL NET WORTH ANDCONSUMER CONFIDENCE ON THE RISE.>> THE ECONOMY IS GETTING BETTERALL THE TIME, I HOPE THEY'RESPENDING MORE TO KEEP MERCHANTSHAPPY AND KEEP THEM IN BUSINESSAND I'M DOING MY SHARE.CLICKS THE SEASON IS VERYCRITICAL FOR US.CYNTHIA: STORES SPECIALIZING INJEWELRY, ELECTRONICS, APPLIANCESAND CLOTHING DEPEND ON THESEASON FOR 20-30% OF THEIRANNUAL RETAIL SALES.>> I TRY TO SPEND ABOUT AHUNDRED OF DOLLARS ARE SORE FOREACH CHILD.CYNTHIA: SHOPPERS ARE EXPECTEDTO BUY 15 GIFTS, SPENDING $228MORE PER HOUSEHOLD THIS YEARTHAN LAST.HALF ADMIT GIVING A GIFT TOTHEMSELVES.>> I DID BUY ONE THING FORMYSELF.CYNTHIA: AND SPLURGING ONINDULGENT GIFTS FOR OTHERS.>> THEY'RE BUYING MORE AND NOTAS CAUTIOUS WITH HIGHER ENDITEMS THAT GENERALLY THEY WOULDHAVE NOT EVEN LOOKED AT FOUR.CYNTHIA: STORES HOPE TO WRAP UPTHE SEASON AND PUT A BOW ON ITWITH RECORD SALES.
Advertisement
Holiday retail sales are expected to be up this year
Disposable income, individual net worth and consumer confidence are on the rise. The National Retail Federation says spending so far is robust and expects holiday sales to rise by 4 percent, which means this year's season may well be worth $1 trillion to retailers.

Disposable income, individual net worth and consumer confidence are on the rise. The National Retail Federation says spending so far is robust and expects holiday sales to rise by 4 percent, which means this year's season may well be worth $1 trillion to retailers.

Advertisement