Thursday is expected to be the second-largest shopping day of the season, right behind Black Friday. Procrastinators have already given retail sales a boost, after shoppers dropped $8 billion this past Saturday.
The National Retail Federation predicts that sales for the entire season will increase by 3.3 percent over last year, with online sales increasing a whopping 18 percent. The holiday spending will help nudge the economy in the right direction, but isn’t enough for a full recovery just yet.
Kelli Grant, senior consumer reporter for Smart Money, reports on the shopping season and tells us that a successful holiday season this year, could mean retailers begin the so-called “Christmas creep” even earlier next year.
- Smart Money: Many Happy (Holiday Purchase) Returns