Deals will Be Trending This Holiday Season - Other News

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Deals will Be Trending This Holiday Season

Deals will Be Trending This Holiday Season

Add to Favorites:
Deals will Be Trending This Holiday Season
November
17

Believe it or not, the holidays are right around the corner, and consumers are getting ready to snatch up those Black Friday and Cyber Monday deals, according to a new study, which projected spending will be up that weekend.

The American Express Spending and Saving Tracker looked at shopping trends for the holidays, finding that on that mega-shopping weekend people are planning on spending $584, up 17% from last year. With affluent consumers, earning $100,000 and up, leading the way, with 56% planning to get in on the deals early, up 10% from last year.

Shopping online or in real time? The answer is both, with most consumers planning on doing a mix of online and in-store shopping. But shopping online continues to make headway this season, with 41% of people planning to do almost all or at least some of their gift buying online. While it’s easy to assume that means using a computer, not so fast, app usage is up too. With over half of people (58%) using their phones to go shopping, which includes everything from searching websites for the best present and deal to actually buying a gift.

Black Friday and Cyber Monday are just the beginning

While consumers expect to shop ‘til they drop between Black Friday and Cyber Monday, they will still be shopping throughout the rest of the season, with 62% expecting to get only half, or maybe less, of their shopping done over that weekend.

How much will they be spending? People reported that they will be spending about $839 (avg.) on their family.

Shopping online may be hot, but so is heading to the mall with 67% of shoppers planning on spending time at the mall, with department stores lagging behind (47%). What about shopping local? That’s trending too, up 17% over last year.

Gift cards and charities never go out of style

Year after year it seems that gift cards are hot with consumers and this year it’s no different with 57% putting them at the top of their shopping “to-do” list. When it comes to gift cards there is no gender divide, with 59% of women and 57% of men believing it’s the best gift to give and get, because people can pick out their perfect gift.

Giving to charities is up this year, with millennial’s leading the way when compared with the other generations (74% vs. 65% overall).

The Spendng & Saving Tracker research was conducted from September 23 to 28 with 1,503 adults taking pa.

amex_news

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

American Express Rewards Can Now Be Used at BestBuy.com
American Express Rewards Can Now Be Used at BestBuy.com

Posted: August 24, 2015

For people looking to use their American Express points to buy tech and electronics online, life definitely just got much better easier. A new e-commerce technology makes it seamless for them to cash in their Membership Rewards points to... Continue reading
Amex Makes UAE More Lucrative For Cardholders
Amex Makes UAE More Lucrative For Cardholders

Posted: November 24, 2015

If you're planning on visiting the United Arab Emirates and happen to be an American Express cardholder, then you're in luck because Amex is once again rolling out their Experience UAE campaign. Continue reading
Small Business Saturday Spending Forecast
Small Business Saturday Spending Forecast

Posted: November 27, 2015

Small Business Saturday is strategically sandwiched between Black Friday and Cyber Monday and people are gearing up to shop small this weekend. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
For Excellent, Good Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit