This Holiday Shopping Season May Be the Best in More Than a Decade
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Americans displayed their buying bona fides in the final run-up to Christmas, turning out in force to produce what may be the best holiday shopping season in years.
And why not? A nation that loves to spend has plenty to feel good about, with low unemployment and a robust stock market. The season’s tally should reach $671 billion, a “stellar” 5.5 percent increase from last year, according to Craig Johnson, head of research firm Customer Growth Partners. That would be the most since 2005, according to his calculations.
The timing of Christmas didn’t hurt, either, with a full weekend for procrastinators to redeem themselves. But signs of success were present all along, including rising demand for home goods and electronics. Johnson boosted his holiday forecast earlier this month, and he notes that retailers didn’t have to resort to last-minute markdowns to draw shoppers. They were already coming in via the digital or brick-and-mortar doors.
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