WASHINGTON–Super Saturday continues to be the biggest shopping day of the year with an estimated 147.8 million U.S. consumers expected to participate, up from 134.3 million last year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
“While many people started holiday shopping early, those who waited until Thanksgiving weekend are feeling the pressure due to the limited number of days this year between Thanksgiving and Christmas,” NRF President and CEO Matthew Shay said. “But there is still time to catch up. The last Saturday before Christmas has become the biggest shopping day of the year, and we expect an impressive turnout by procrastinators and those who just want to take advantage of really good deals.”
The number of people shopping on Super Saturday includes both in-store and online activity. The number compares with the 189.6 million unique shoppers over the full five-day Thanksgiving weekend.
As of early December, 86 percent of holiday consumers had started shopping and they had completed 52 percent of their purchasing for the season. Last year at the same point, 88 percent of consumers had started and had completed 58 percent of their holiday purchases on average. In 2013, the last time there were 26 days between Thanksgiving and Christmas, consumers had completed 50 percent of their purchases at the same point.
For those who had at least half of their shopping left, 41 percent were still deciding what to buy, 28 percent were waiting for family and friends to tell them what they wanted, and 26 percent were holding off for the best deals.
More than half (56 percent) of holiday shoppers plan to purchase their last gift during the week before Christmas, and 62 percent are expected to shop on Super Saturday.
“Most of us are guilty of having that one last gift we need to buy,” Prosper Executive Vice President of Strategy Phil Rist said. “Men and younger consumers continue to be the biggest procrastinators and are expected to turn out in force on Super Saturday.”
Top gift purchases so far included clothing (49 percent), toys (31 percent), gift cards (28 percent), books and other media (27 percent) and electronics (24 percent). A quarter of shoppers (25 percent) plan to give “gifts of experience,” like tickets to a concert or sporting event. Gifts of experience are most popular among younger shoppers, given by 36 percent of those 18-34.
Shopping does not end with Christmas. The survey found that 68 percent of holiday consumers will likely shop the week after Christmas (December 26 through January 1). They plan to take advantage of post-holiday sales and promotions (49 percent) and use gift cards (27 percent). Younger consumers ages 18-24 are the most likely (84 percent) to shop the week after Christmas.
More than half of shoppers (55 percent) say they will return or exchange any unwanted gifts or holiday items within the first month after receiving them. The vast majority (80 percent) prefer to make returns and exchanges in stores, and 74 percent say they are likely to purchase something else while returning or exchanging an unwanted gift.
NRF defines the holiday season as November 1 through December 31 and has forecast that sales will total between $727.9 and $730.7 billion. Consumers expect to spend an average $1,047.83 – including purchases made earlier – for an increase of 4 percent over last year, according to an earlier NRF survey.
Today’s survey of 7,779 adult consumers was conducted November 27 through December 5 and has a margin of error of plus or minus 1.2 percentage points.
Read more about the holiday season at the NRF Winter Holiday Headquarters.
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $2.6 trillion to annual GDP and supporting one in four U.S. jobs — 42 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies.
About Prosper Insights & Analytics
Prosper Insights & Analytics is a global leader in consumer intent data serving the financial services, marketing technology, and retail industries. We provide global authoritative market information on U.S. and China consumers via curated insights and analytics. By integrating a variety of data including economic, behavioral and attitudinal data, Prosper helps companies accurately predict consumers’ future behavior to help identify market behaviors, optimize marketing efforts, and improve the effectiveness of demand generation campaigns. www.ProsperInsights.com
Courtesy of -(BUSINESS WIRE)-