Survey says shoppers in metro plan to spend a little more on Christmas - Bring Me The News

Survey says shoppers in metro plan to spend a little more on Christmas

The Pioneer Press reports Twin Cities consumers plan to spend about 3.4 percent more than this year -- more than the national average -- which might be a sign the local economy is doing a bit better than elsewhere.

Author:: BMTN Staff
Publish date:: Nov 16, 2011

Twin Cities consumers plan to spend about 3.4 percent more than this year -- more than the national average. And that, the Pioneer Press reports, might be a sign the local economy is doing a bit better than elsewhere.

However, another survey from Country Financial says just the opposite. The poll, as reported by KSTP-TV, reports nearly 9 in 10 residents fear another economic recession -- resulting in nearly 60 percent to cut back on their holiday spending this year.

Another study says more people are planning to hide at home on Black Friday this year. Still, WCCO reports, that leaves 44 percent of all shoppers in the country still heading out to snag those deals.

Er, did we say Black "Friday"? Maybe we meant Thursday.

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The survey by Deloitte found people will spend more on 'non-gift' items, like parties and holiday decorations, than on buying presents. Spending on non-gift items increased 22 percent this year compared to last. On average, that equals about $600.

Deloitte's 27th annual holiday survey shows shoppers in the Twin Cities plan to spend roughly $430 on gifts this year, but cut their overall holiday budgets.

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The expansion would add nearly 300 new jobs. Apogee Retail works with nonprofit groups and operates more than 250 thrift stores in the United States and Canada.

The report from the National Retail Federation says shopper spent an average of about $400 over the weekend. However, Midwest shoppers may simply be taking their time.

A new employment survey out Monday has some good news. Fifteen percent of 140 companies surveyed said they plan to hire more workers next year. That's up from about 12 percent earlier. Eight percent of employers surveyed said they plan to trim their workforce.