Consumer Behaviors Are Shifting
Macroeconomic events will continue to impact spending, shopping preferences, and gift trends.
Gift Givers Want Efficiency
Two-thirds of consumers aim to get their holiday shopping done as fast as possible.
Consumers Will Shop Early
Forty-two percent of consumers shop year-round for the winter holiday and 31% of US shoppers have already started their holiday shopping.
Gifting Clothing is Back
There will be a focus on experiential gifts and wellness-related items, more so than in 2020. The same is true for clothing and beauty as people go back to work, school, and socializing.
Spend Will Increase Slightly
A 2.5% sales increase is predicted, pushing total holiday spend to $853 billion.