What will make it home for the holidays? What will make it home for the holidays? http://www.federatedinvestors.com/static/images/fhi/fed-hermes-logo-amp.png http://www.federatedinvestors.com/daf\images\insights\infographic\conveyor-belt-christmas-gifts-small.jpg January 3 2022 December 15 2021

What will make it home for the holidays?

Despite global supply chain issues, U.S. shoppers are spending more.
Published December 15 2021
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Gift Giving infographic alt text Title: What will make it home for the holidays? Published: December 15th, 2021 What will make it home for the holidays? Despite global supply-chain issues, shoppers in the United States are projected to spend more this year. (Dollars in billions) Consumer spending is increasing. Consumers spent 691 billion dollars in 2018. In 2019, they spent 719 billion dollars and that increased to 777 billion dollars in 2020. The highest projection in 2021 is 859 billion dollars. Top items consumers worry about finding. 28% are worried about finding toys. 40% of consumers are worried about finding clothes. 44% of consumers are worried about finding electronics. Where consumers plan to shop. 24% of consumers plan to shop at small businesses. 47% of consumers plan to shop at department stores. 57% of consumers plan to shop online. Each shopper plans to spend to average of 272 dollars on gift cards this year. Annual gift card sales. In 2019, gift card sales were 26 billion dollars. The sales increased in 2020 to 27 billion dollars. It is projected to increase again in 2021 at 28 billion dollars. Information sources: The National Retail Federation, October 2021; MarketWatch, October 2021; Business Insider, October 2021; The New York Times, October 2021; Bloomberg, October 2021.
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