Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON DC-After a big push to stores over the last week, the average consumer has completed 81.9% of their holiday shopping, according to a National Retail Federation survey conducted by BIGresearch. Shoppers have spent an average of $511.77 on holiday gifts this year.

“Retailers know that the holiday season is far from over,” said Tracy Mullin, President and CEO of the NRF, in a statement. “With Christmas falling at the end of the week and many offices closed on Christmas Eve, consumers have extra incentive to procrastinate this year.”

The survey predicts that up to 20% of holiday shopping will occur this week. In addition, about 10% of holiday sales will take place the week after Christmas, when many people redeem gift cards at stores.

The NRF is predicting a 4.5% increase in holiday shopping this year, to $219.9 billion. Retail sales in November were up 4.7%, it says.

Same store sales for the week ending Dec. 11 were up 1.2% year-over-year, according to the International Council of Shopping Centers-UBS Retail Chain Store Sales Index. ICSC predicts a 3.5% to 4% same-store sales increase over the holidays from the same year-ago period.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.