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The shopping
season is a repeat of last year.
Britt Beemer, CEO and founder, ARG
Contrary to some forecasts of an improved holiday shopping
season in 2009, a new Christmas Retail Survey released today by
America's Research Group (ARG) and UBS reveals that sales are
weaker this year than in 2008. Of those consumers not shopping,
an overwhelming number (95.1%) said they will wait to December
24 to get more items on sale.
"The shopping season is a repeat of last year," says C. Britt
Beemer, CEO and founder of ARG. "More shoppers are waiting for
better deals and stores just aren't giving them big enough
discounts." Beemer says that consumers want 60% to 70% off in
order to buy.
Wal-Mart continued to draw shoppers with 72.2% saying that they
have shopped there this year compared to 69.1% last year.
Discount retailers in general continued to do well, with 27.6%
of consumers saying that they spent the most at Wal-Mart over
the weekend, compared to 25.7% last year. Almost ten percent
(9.9%) of consumers (compared to 6.5% in 2008) spent most at
JCPenney while 5.1% spent the most at K-Mart up from 2.6% last
year.
Only 3.82% of parents have finished shopping for their
children's gifts.
Shopping levels on Cyber Monday were flat at 28.7% of consumers
saying they shopped on-line, compared with 27.1% last year.
As November retail sales figures came in lower than expected
last week, Beemer's prediction made early in the season that
retail sales will be down 2.9% compared to last year proved on
the mark. His predictions have been accurate within a half of 1%
over the past 17 of 18 holiday seasons. ARG and UBS will conduct
a Christmas Retail Survey every weekend through the holiday
sales season.
Conducted December 5 and 6, 2009 at ARG headquarters in
Charleston, SC, the ARG/UBS Christmas Retail Survey consisted of
telephone interviews with 1,000 consumers. The error factor is
plus or minus 3.8%.
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