While higher, the gain in year-over-year spending is not enough to mitigate the impact of inflation.
When asked about their top concerns this holiday shopping season, 85 percent of respondents cited inflation, while 63 percent said stockouts. Shipping delays came in third with 57 percent.
KPMG also noted that online spending is expected to remain relatively flat, “pointing to a preference to return to physical stores for several categories of spending.”
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eighty percent of holiday travelers will change plans due to inflation - KRLD NewsOf the 43% of U.S. adults planning to travel this holiday season, just under eight in 10 of those travelers -- 79% -- are changing their plans this year due to inflation/rising prices, according to a new survey from Bankrate. Among those planning overnight leisure trips between Thanksgiving and New Year’s, 26% say they will travel for fewer days, 25% will engage in cheaper activities, 25% are selecting less expensive accommodations/destinations, 24% will take fewer trips, 23% will travel shorter distances, 23% will drive instead of flying, and 22% will use rewards points/miles/loyalty programs. KRLD's John Liddle chatted with Bankrate's Ted Rossman about the findings and suggestions for economic holiday travel.
Read more »
Goodwill stores take thrifting online for shoppersGoodwill’s new online store opens as soaring inflation is compelling shoppers to look for bargains.
Read more »
Easy as Pi: Shoppers more likely to open wallets for ‘special day-themed promotions’But it only works when the promotion makes sense for the company — via healthing_ca
Read more »
Global CEOs Expect Impending Recession to Be ‘Short and Sharp,' Poll ShowsGlobal CEOs say impending recession will be “short and sharp”: KPMG
Read more »
Inflation is crimping many Americans' holiday travel plansCost of U.S. flights around the Thanksgiving holiday is up roughly 25% compared with last year, booking data shows.
Read more »
Inflation to curb holiday travel plansBankrate's survey finds Americans are considering shortening their holiday trips, engaging in less expensive activities, or opting for cheaper lodging and travel destinations.
Read more »