Total holiday spending this year is expected to be at least $24 billion higher than last year, according to the National Retail Federation.
Shoppers are willing to spend a little money this holiday season, as total spending this year is expected to be at least $24 billion higher than last year, according to the National Retail Federation.
Online shopping remains the biggest hit, but in-person shopping is making a comeback and the NRF predicts that nearly half of all shoppers will head to department and discount stores to clear their shopping lists.
Store owners at the Galleria at Sunset in Henderson, Nevada, said it gets busier every year.
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Customers checking out at Bring it Back. (Sunny Tsai/FOXBusiness)
“Black Friday was great. We met the goal. We actually exceeded the goal, so that was good. It’s better than last year. So it was good for us. All the “People always like to try things too, so I think that’s what keeps the malls open,” said Brandon Nova, owner of Bring it Back.
Some areas of the Galleria at Sunset are seeing an influx of visitors, including during the holiday season. Store owners and employees said customers want that in-person experience.
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A sign lists prices for jumping on the mall’s trampoline attraction. (Sunny Tsai/FOXBusiness)
“Most families have the reason to come here and bring their children here. This is the main reason why they come to the mall,” said Duygu Beg, owner of Crazy Bungee.
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The mall’s general manager said it hasn’t been this busy since the pandemic.
“I would say since COVID, this is the first holiday season where…we’re feeling the holiday spirit. The customers, you can just feel they’re happy to be shopping, happy to be out, you know , to experience the holiday season,” said Galleria at Sunset general manager Heather Cox.
The National Retail Federation predicts that nearly half of all shoppers will head to department or discount stores this year. (Sunny Tsai/FOXBusiness)
There was a huge bounce in in-person shopping over the past four years, as consumers begin to appreciate the social aspect of going to the mall again, according to the NRF.
“As consumers, we don’t buy just because we need something,” said Mark Mathews, executive director of research at the NRF. “One of the main reasons people go out is to get a good deal, but it’s also to be with family and friends, to engage, and for a fun activity. And for many people, doing “Shopping is a fun activity. So, you know, I don’t think we’ll ever see the end of in-store shopping.”
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Gift cards are the most popular item on people’s wish lists this year, followed by clothing and accessories, then books and other media, according to the NRF.
