-
NRF survey: Average holiday spending expected down from last year
Washington, D.C. -- The National Retail Federation’s 2011 Holiday Consumer Intentions and Actions Survey, conducted by BIGresearch and released Wednesday, found that holiday shoppers plan to spend an average of $704.18 on holiday gifts and seasonal merchandise, down slightly from last year’s $718.98.
NRF is still forecasting overall holiday retail sales to grow 2.8% during the months of November and December to $465.6 billion.
-
Sears expands online toy shopping
Hoffman Estates, Ill. -- Sears Holdings Corp. said Wednesday that it has expanded its online Sears Toy Shop, as a means to capture its share of the growing internet-based toy shopping trend.
As part of its online offerings, Sears designed Sears Toy Shop as a hub of tips and advice on toy shopping.