January
17

How The Current Economic Climate Impacts Holiday Shoppers

Consumer spending is impacted by the current economic climate. Polls have shown that a majority of people believe America is in another recession. This lack of confidence is affecting holiday shopping during the nation’s largest selling season.

Promotional incentives are used by retailers for the likelihood that once the shoppers are inside, they will buy more. This is true for both brick-and-mortar stores and for websites, and not just during the holidays. Given that retail merchants depend on the holiday season to make a substantial percentage of their profits, they are using ever more creative ways to entice customers to buy.

In addition to the lure of Black Friday, which begins on Thanksgiving Day in some places, special deals can be found throughout the season. There is now also a Cyber Monday. According to recent surveys, lots of holiday shoppers have begun shopping early, and many by internet.

A large percentage of shoppers use the internet to find good deals, to compare sales prices, and to figure out what they want to buy. E-retail is popular for with a number of customers. It’s easier and more convenient in several ways.

It takes less time and no gasoline to compare prices and make purchases online. Receipts are more easily organized and harder to lose. And online stores are available 24 hours a day. Gifts can be shipped directly to the recipients, eliminating trips to the Post Office.


The internet makes stores outside the local area accessible and merchandise that might not be stocked in the brick-and-mortar stores can often be found online. In fact, the internet connects people and provides shoppers with the choice of unusual items around the globe. Orders can be shipped directly to the addressee, with gift cards and even wrapping paper included.

One problem with the convenience of online shopping, though, is the ease and opportunity to overspend. “Limited time” offers can be very convincing and the click of a button adds extra items to the shopping cart. Going into the physical store is more time consuming, but it allows more time to consider if a purchase is really necessary.

Keeping budgets in mind, many people are paring down their gift lists and avoiding frivolous purchases. Studies show shoppers generally spend 20 to 40 percent more with a credit card than with cash. Most likely this means more purchases will be made with cash to avoid both potential extravagance and credit card debt. In these current economic times, holiday spenders are on the lookout for more innovative ways to save money.

You can find details about the benefits of online shopping and tips on how to get great deals in the current economic climate, now.

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