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LCD
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Flat
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more... |
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Regardless
of the screen type, the screens will be large: 47 percent are
planning on 42" or larger and 15 percent are eyeing sets 50" or
bigger.
Despite the slow start to 2007
Holiday shopping, nearly a quarter (24%) of consumers plan to
hit the stores on Black Friday, up four percent from the 20
percent that shopped on the day in 2006 according to the most
recent Consumer Reports Holiday Poll released today. Only 38
percent of consumers have started their holiday shopping this
year, compared with 43 percent who had begun this time last
year.
The big gifts again this year are flat-panel televisions, both
LCD and plasma. Nearly two in 10 consumers (17%) plan to buy a
flat-panel TV as a gift before or after the holidays. LCD sales
(54%) still lead plasma screen sales (29%), although 16 percent
of consumers not know what type they will finally select.
Regardless of the screen type, the screens will be large: 47
percent are planning on 42" or larger and 15 percent are eyeing
sets 50" or bigger.
Interest in purchasing big flat-panel TV's are no longer just a
guy thing. Although for different reasons, women are being
enticed by the big screen. Among married couples men are buying
for a better picture (44%) while woman are attracted to freeing
up some floor space (27%). Last year more than half of men (54%)
were more interested in screens 42" or larger than woman (36%);
but this year both nearly half of both men (49%) and woman (45%)
are interested in similar screen sizes.
Price is a big reason why consumers are looking to purchase a
flat-screen TV. Last year, Consumer Reports found that more than
one-third of consumers (35%) were planning to spend $1,500 or
more on their flat-panels; but this year that percentage fell to
less than one-quarter (24%). The average amount that consumers
will spend has fallen $300 from $1,600 in 2006 to about $1,300
this year. Men still plan to spend more, but only $110 more than
women on average; in 2006 the price spread between genders was
$240.
Women are expected to lead the charge on Black Friday. Among
married couples, 72 percent of women claimed they had completed
three-quarters or more of the household's holiday shopping last
year. By comparison, only 11 percent of the men claimed to be
this heavily engaged in gift shopping.
Black Friday is known for crowds, lines and sales, and this year
will be no different. Fourteen percent of adults reported that
they waited in line for early morning store openings last year,
and Consumer Reports anticipates a similar (12%) early bird
turnout this year.
Consumer Reports found that shopper's number one gift to buy on
Black Friday will be clothing (79%), followed by electronics
(70%). Ironically, Consumer Reports found in an earlier poll
this season that clothing was the most disappointing gift (38%)
among recipients in 2006. Other popular gifts consumers are
planning to purchase include: toys (64%), gift cards (58%), and
jewelry (40%).
"Black Friday continues to be a busy shopping day and will be an
even bigger retail day than it was in 2006," said Tod Marks,
senior editor, Consumer Reports. "This holiday season needs all
the help it can get. Shoppers have been off slow to start so far
this year, but retailers can rest assure that shoppers will be
waiting when the doors open on Friday."
Other Consumer Reports Black Friday Poll Results:
This holiday season adults will spend 10 hours on average
shopping for the holidays. Women will devote the most time (38%)
about 10 or more hours shopping versus only 23 percent of men
making this level of commitment.
Online shopping will continue to play an important role: More
than two-fifths (42%) of adults will shop online this year for
the holidays up from the 40 percent who claimed to have shopped
online last year. Women made strides in the virtual world, with
41 percent saying they will shop online this year versus the 37
percent last year, while usage among men has remained relatively
flat.
The primary reason for shopping online continues to be
convenience (48%) followed by avoiding holiday crowds (17%),
better selection (12%), and better prices (11%). But Consumer
Reports discovered time is not always of the essence when
browsing online. Those with internet access from home will spend
about 11 hours shopping for the holidays--approximately the same
amount of time as the general public.
Once shopping is done, online or in store, consumers cannot
forget gift wrapping. On average consumers will spend two hours
gift wrapping. Women, as expected, devote more time to wrapping
than men. Nearly half (49%) will spend 3 hours or more wrapping
gifts, compared with only 17 percent of men.
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