More Consumers Plan to Cut Holiday Spending This Year
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It is the 0.5 to 1.5 percent growth that takes us ‘back to the future’ and to holidays past when growth rates of 5 percent or more were unheard of and unexpected. For Holiday 2009, not only will actual spending levels go ‘back to the future’ but the kinds of gifts being bought will ‘go back’ to more traditional holiday gift items. “The survey results point to a return of more gifts being made of sweaters, fragrances, music, books, movies, and wallets, again,” said Cohen, “We are also seeing make-up and TV’s showing signs of growth. Other standouts are notebooks/netbooks. They have been growing and will continue to grow through the holiday.”
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- People:
- Beth Boyle
- Cohen
- Places:
- N.Y.
- PORT WASHINGTON
- U.S.
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