Shoppers will spend half their holiday budget during Thanksgiving sales

Washington, D.C. -- More than 60% of consumers will start holiday shopping on Black Friday and most will spend more than 50% of their holiday budget over the Thanksgiving weekend, according to research by the Georgetown Institute for Consumer Research, sponsored by KPMG.

"This data confirms that new trends continue to change the holiday shopping experience for both consumers and retailers. Black Friday and Cyber Monday have become as much a part of the Thanksgiving holiday as watching football and eating leftovers," said Alton Adams, advisory principal with KPMG LLP. "The intensity of Thanksgiving Day and Black Friday shopping, coupled with a rise in mobile and online sales, will force retailers to be prepared for the holiday weekend with a strategic multi-channel approach to seamlessly meet the needs of the customer."

Most consumers (63%) said they will use a combination of online shopping and in-store shopping to complete their list, and more than 40% said they would start shopping before noon. Just 6.2% said they absolutely would not shop on Black Friday and Cyber Monday.

Other insights included what consumers plan to purchase, both as gifts and for themselves. The survey found that the only item people are planning to buy more for themselves, rather than others, is electronics. The vast majority (80%) said their overall holiday spending this year would either be the same or less, as compared to 2012.

More Marketing News

Login or Register to post a comment.