Posts Tagged ‘sales’

The True Cost of the 12 Days of Christmas in 2017

Posted on December 15, 2017 by Laura Lam

Purchasing the gifts included in the classic holiday song “The 12 Days of Christmas,” will only cost 0.6% more than in 2016, according to the 34th annual holiday economic analysis by The PNC Financial Services Group.  PNC calculated the 2017 price tag for the PNC Christmas Price Index at $34,558.65. That’s just $200 more than last year’s cost and less than the government’s Consumer Price Index, which increased 2.2% through September for the past 12 months. “The U.S. economy is growing at a sustainable pace, fueled by higher consumer confidence, low unemployment, modest wage gains and low interest rates,” said…

What to Buy in October

Posted on October 06, 2017 by Laura Lam

When it comes to shopping, October is an odd month sitting smack in the middle of the back-to-school frenzy and the holiday extravaganza. But there are plenty of October deals to be had. The best buys range from leftover items from previous months to goods discounted in advance of the big shopping days to come. Halloween Stuff – Unless you bought a costume and decorations last November, when prices were at their lowest, be on the lookout for bargains this month. The closer the holiday, the bigger the deals, as retailers try to clear the shelves by Halloween. However you won’t find many…

New Home Sales Less Than Half of Historical Norms

Posted on June 13, 2017 by Laura Lam

The current level makes up 88.3% of the 50-year average, according to a report from Trulia. However, new home sales are unable to keep up with the rate of total sales.  How many new home sales do we need for the market to look normal?  According to Trulia Chief Economist Ralph McLaughlin, if we compare the share of new home sales to total sales, that share needs to more than double.  “In April, new home sales made up about 11.9% of all home sales, which is less than half of the historical average of 23.6%,” McLaughlin said. However other experts explain…

2016 Black Friday & Holiday Spending Predictions

Posted on November 25, 2016 by Laura Lam

The holidays (and holiday shopping) are officially here!  Today is Black Friday and Cyber Monday is just three days away.  Thus begins the month-long sprint to Christmas and Hanukkah. Here are this year’s holiday stats and facts that are impacting the shopping experience. Adobe Digital Insights shared its 2016 holiday predictions. It looks like 2016 will be a good year. Black Friday will be bigger than ever. For the first time, sales are expected to exceed $3 billion, an 11.5% increase over last year. Cyber Monday’s sales will exceed $3 billion, an increase of 9.4% over last year. 5% of customers…

A Treat for Economy: Higher Halloween Sales

Posted on October 31, 2016 by Laura Lam

Halloween spending is expected to top $8.4 billion this year, according to the National Retail Federation (NRF), the most since tracking began 11 years ago.  Its survey found more than 171 million Americans plan to celebrate Halloween, spending an average of $82.93, up from last year’s $74.34. Handing out candy is the most popular Halloween activity, with 70% planning to greet trick-or-treaters at the door. Consumers planning to dole out sweet treats are predicted to spend 5.5% more on Halloween candy compared to last year, bringing the anticipated total spend to $3.8 billion – or $30.60 per household. If realized,…

4 Tips to Beat Elderly Financial Fraud

Posted on July 22, 2016 by Laura Lam

It’s not hard to sniff out how swindlers prey upon the elderly. They know they respond to mail, phone and front-door solicitations. Older people like to talk to people they don’t know.  Swindlers prey upon fear and insecurity. They blanket a neighborhood after a storm, offering to do “free storm damage asssessment.” They’ll pose as IRS agents or bill collectors to collect fake debts.  There’s an art to elder financial fraud and it’s practiced every day. If you know the danger signals, you can ward off these scamsters. When people get into their eighth decades and beyond, they process information…

November 1: The New Black Friday?

Posted on November 03, 2014 by Saldutti

A number of Americans are not pleased with the growing number of retailers who plan to roll out Black Friday sales on Thanksgiving Thursday. Part of the disgust with stores like Macy’s, Kohl’s and Staples (which are opening at 6 p.m. on Thanksgiving night), is the idea that they’re ruining what was once a blissfully shopping-free holiday.  A large portion of the population is also turned off in general by “Christmas creep,” the relentless expansion of the most promotion-heavy, consumerism-crazed of seasons. Kmart has started airing Christmas ads within days of Labor Day weekend for the past two years, and…

What to Buy in May

Posted on May 01, 2014 by Saldutti

As the warm weather moves in and schools let out for summer, May is the month to buy household goods and entertaining essentials. It’s the perfect time for stocking up ahead of summer celebrations. Prepare for graduation parties and Memorial Day barbecues by finding deals to prep your food (cookware and BBQ supplies) and make your guests happy (party supplies).  Here is a complete list of this month’s steals and deals from Cheapism.com. Cookware, small appliances, and refrigerators – Cookware promotions are plentiful in May as retailers target college graduation and wedding season. For more discounts, keep an eye out…

Will ‘Easter Shift’ Leave Retailers With Egg on Face?

Posted on April 22, 2014 by Saldutti

Have you heard about the “Easter shift?” It refers to the timing of the Easter holiday, which can make stock picking in the consumer sector trickier than grabbing a handful of jelly beans. When it falls in March, like last year, the sales of all those goodies and spring clothes are counted in one quarter for many companies. When it lands in April, like this year, another quarter gets credit for much of the bounty. It’s not just the holiday itself, it’s the tendency for schools’ spring breaks to be clustered around Easter. Consider the case of John Duffey, Six…

Black Friday 2013: More Shoppers Will Spend – But Not Without Deals

Posted on November 25, 2013 by Saldutti

This holiday season, Americans may not spend their green unless they see more red. Despite signs that the economy is improving, big store chains don’t expect Americans to have much holiday shopping cheer unless they see bold, red signs that offer huge discounts. As a result, shoppers are seeing big sales events earlier and more often than in previous holiday seasons. Since the recession began in late 2007, stores have had to offer financially-strapped Americans ever bigger price cuts just to get them into stores. But those discounts eat away at profits. So far, more than two dozen major chains…