Reuters - Video

EDITION: U.S. | U.K. | IN

Business

Handicapping the holidays

Tuesday, November 25, 2014 - 02:11

On the edge of the Thanksgiving holiday sales, everyone is taking bets on consumers vs. retailers. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

Place your bets - consumers versus retailers this Thanksgiving? Deloitte's holiday survey says 67 percent of consumers say they are not motivated to go out to stores on Thanksgiving day. They want to spend time with family and friends. Score one for consumers. And only 48 percent of consumers plan to visit stores on Black Friday - that's down 5 percent from last year. In fact 41 percent say they don't rely on black Friday or Cyber Monday as much as they used to- and more shoppers say the Black Friday deals just aren't as good as they used to be But when they do go - a lot will go early - about 40 percent are heading out before 6am. Shoppers said they would spend more that they expected they would, with the average budget for the weekend rising to around $295. Deloitte Retail Analyst Ramesh Swamy: SOUNDBITE: RAMESH SWAMY, RETAIL ANALYST, DELOITTE (ENGLISH) SAYING: "I think this year consumers are very optimistic at least to spend on the holidays. and particularly there is a lot of things moving in their favor. I think that gas prices is certainly helping, retailers are being very promotional thisyear and spreading it out. Consumers generally have a very positive outlook." But retailers may get points for inventory management - retailers have done a good job convincing consumers not to procrastinate - 21 percent say they want to get their shopping done early - because they are afraid the stuff they want- will run out. And things are getting better in time for the holidays. Fitch Ratings says US retail sales growth will be up between 3-4 percent in November and December- compared to 2.8 percent year to date. Score some more for retailers. Fitch Rating's Head of U.S. Retail, Monica Aggarwal: SOUNDBITE: MONICA AGGARWAL, HEAD OF U.S. RETAIL, FITCH RATINGS (ENGLISH) SAYING: "What we have seen is an uptick in the employment levels and some modest uptick in real wages and I think the recent decline in gas prices should help you know improve some spending going into the holiday season." And thanks to the economy - the vast majority of consumers are upping their holiday budgets - with 81 percent saying they are going to spend more than they expected just a month ago. And more and more consumers are using credit cards, a sign they are more confident in their financial future.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Handicapping the holidays

Tuesday, November 25, 2014 - 02:11

Top News »

Editors' Picks »

Most Popular »

Moving Pictures »

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Oddly Enough »

Buffalo on a rampage injures 14 in China Buffalo on a rampage injures 14 in China

Tue, 25 Nov, 2014 - (0:30)

Thailand hosts the largest gathering of Santa's Elves Thailand hosts the largest gathering of...

Tue, 25 Nov, 2014 - (0:54)

Yellow-spotted turtles rescued from trafficking Yellow-spotted turtles rescued from...

Mon, 24 Nov, 2014 - (0:44)

Calling all men: here's your chance to experience labor pains Calling all men: here's your chance to...

Thu, 20 Nov, 2014 - (1:43)

Annie Leibovitz showcases historic "Pilgrimage" Annie Leibovitz showcases historic...

Thu, 20 Nov, 2014 - (1:38)

Block-long billboard lights up Times Square Block-long billboard lights up Times Square

Wed, 19 Nov, 2014 - (1:19)

Japan’s military gets sexy Japan’s military gets sexy

Tue, 18 Nov, 2014 - (1:30)

Paris turns on holiday spirit Paris turns on holiday spirit

Mon, 17 Nov, 2014 - (0:57)

Belgian artists sculpt Disney on ice Belgian artists sculpt Disney on ice

Mon, 17 Nov, 2014 - (1:32)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, 20 Nov, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:02)