As the holiday season nears, consumers are estimated to spend over half a trillion dollars on shopping expenses alone. With such high spending numbers, it’s interesting to know where all the money goes. Using data provided by the National Retail Federation’s survey, many interesting facts about holiday shopping become known like that smartphone usage to buy gifts have been steadily rising throughout the years. As such, mobile websites are constantly being created to cater consumers on the go due to the rising use of such devices.
Beginning on Black Friday, the holiday shopping season starts for retailers even though some consumers shop for holiday gifts months in advance. However, with the bulk of holiday purchases happening in late November and December, retailers focus their promotions and deals during this time to lure consumers to spend as much as possible. People simply love to shop for the holidays while spending time with their loved ones.
In addition, research suggests that a large portion of holiday shopping is spent on gifts by people buying on online and at local stores. Consider making a budget to buy your gifts, groceries, and holiday decorations to save money during the busy holiday season. Are you ready for your holiday shopping?