R.I.P. Mall-Based Retailers?
Halloween is firmly in the rearview mirror folks, and those leaves changing color outside are soon to give way to big sticks for the rest of the year. That's right -- it's officially time for the holidays! That means family feasts, eggnog-everything, and our wallets opening wide for our friends and family during the holiday shopping season.
According to a newly released annual survey from Deloitte on the holiday retail environment, things are looking up for most folks in 2017. The average consumer is expected to spend $1,226 during the holiday shopping season, with households above $100,000 in annual income expected to spend an average of $1,000 more ($2,226). As a whole, 81% of respondents in Deloitte's survey noted that their household financial situation is the same or better than it was last year, which is up by 18 percentage points from the 63% of respondents who affirmed so back in 2012. In other words, the holiday season appears to offer plenty of opportunity for retailers.
Image source: Getty Images.
Source: Fool.com
