Online Shopping Set To Dominate Cautious Holiday Spending Plans

The economy is humming, and consumers have been spending, but will there be enough momentum to give retailers something to celebrate in January?

After three years of above-average growth in holiday sales, the data suggests this will be at least an “okay” fourth quarter, with modest growth: three out of four consumers in a recent First Insight Survey said they expect to spend the same or less on gifts than last year.