Survey: Shoppers not saving, spending for holidays
Los Angeles – A large number of shoppers do not appear to be setting aside any money for holiday spending this year, and four in 10 do not even intend to do any shopping for the upcoming holiday season.
According to recent GoBankingRates.com polls, more than 63% of respondents didn’t allocate any savings toward holiday gift buying. In addition, more than 40% of respondents said they would not be buying holiday gifts this year at all.
Other findings include:
- Respondents in the West reported saving the most money for holiday shopping, whereas respondents in the South reported the least savings.
- At least 50% of respondents from each income level (ranging from $0 – $24,999 to $150,000 +) reported no holiday savings.
- Fifty-two percent of respondents will spend $1,000 or less on holiday shopping this year.
- Males were more likely than females to report no plans to buy holiday gifts. However, male respondents more often stated that they would spend "Over $1,000" than females.
- Respondents living in heavily populated regions most often reported no plans to buy holiday gifts at 43.8%.
"While it’s unfortunate so many shoppers are putting themselves at risk of starting off the new year in debt, what’s really surprising is how many people said they’re not buying gifts at all,” said Casey Bond, GoBankingRates.com managing editor. “It’s not just the young and broke, it’s people with children and grandkids, too.”
Walgreens October sales rise 6.1%
Deerfield, Ill. — Walgreens had October sales of $6.37 billion, an increase of 6.1% from $6 billion for the same month in fiscal 2013. Same-store sales improved 5.8%.
Calendar day shifts negatively impacted total comparable sales by 0.3%age point, while generic drug introductions in the last 12 months negatively impacted total comparable sales by 0.7%age point. Walgreens opened 14 stores during October, including four relocations, and closed two.
Lands’ End offers free shipping for all purchases more than $50
Dodgeville, Wis. – Lands’ End will offer free shipping to all customers on purchases more than $50 as part of its standard customer offerings. U.S. customers will also have the option to upgrade to two-day UPS shipping for $5.
Previously, Lands’ End only offered free shipping on purchases more than $50 as part of yearly promotions, and customers were required to enter a code in order to redeem the discount. The retailer’s e-commerce site has also been updated to simplify the checkout experience. Customers will no longer have to enter a promotion code, and shipping preferences can be easily selected.
"At Lands’ End we are very in tune with our customers and are always listening to their wants, needs and frustrations," said Edgar Huber CEO and president of Lands’ End. "Based on our research, we learned that the cost of shipping is very important to our customers and decided to make the necessary changes to ensure we are providing our customers with the exceptional customer service they have come to expect."