• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Entertainment
  • feedback
  • Government
  • Home
  • Interviews
  • Members
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Politics
  • Polls
  • Privacy Policy
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • Home
  • Muth’s Truths
  • Politics
  • Government
  • Entertainment
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Opinion

Nevadans expected to spend $1.4 billion on holiday gifts

Nevadans expected to spend $1.4 billion on holiday gifts
N&V Staff
October 28, 2009

(Retail Association of Nevada) – A national Gallup poll conducted in early October revealed that consumers over the age of 18 expect to spend $740 per person on gifts this year, which is up 16 percent from the $639 reported in December 2008. The poll, which specifically asks respondents how much they plan to spend on Christmas gifts during the upcoming holiday shopping season, is generally conducted three times in the final quarter of each year.

In early October 2008, just prior to the stock market’s worst run since the Black Friday crash of October 1987, consumers predicted they would spend $801 on gifts. One month later, in November 2008, consumers predicted they would spend $616. In December 2008, which may be a more accurate response as holiday shopping may be completed or at least more likely to be in the process, consumers said they planned to spend $639.

In Nevada, where 1.9 million residents are over the age of 18, an average spending tab per adult consumer of $740 translates into $1.4 billion in holiday spending. In October of last year, an $801 tab would have translated into $1.5 billion in spending, and the $639 tab predicted in December 2008 would have resulted in $1.2 billion in spending.

“The national Gallup poll figures may prove to be slightly elevated when compared to what a similar poll conducted solely in Nevada would reveal,” Jeremy Aguero of Applied Analysis noted. Aguero continued, “The economic uncertainty that comes with an unemployment rate of 13.3 percent, 3.5 points higher than the national average, is likely to put downward pressure on consumer’s holiday outlays.”

Retail spending by visitors who are enjoying part of their holidays in the state are an important consideration and could push these averages more in line with national figures.

Mary Lau, president of the Retail Association of Nevada, noted that the 2008 holiday shopping season was “particularly anemic, with December 2008 sales totaling a mere $3.9 billion — the lowest December total since 2003.”

Lau hopes that this latest Gallup poll portends a positive development and that 2009 will bring “modest improvements.” Sales will be distributed among fewer local retailers; however, on-line sales are expected to again gain market share this holiday season and escalating price wars among some of the nation’s largest Internet retailers may accelerate this trend through the close of 2009.

Prev postNext post

Related Items
Opinion
October 28, 2009
N&V Staff

Related Items

More in Opinion

PR agency

You Just Can’t Make This Stuff Up!

Penny PressFebruary 26, 2021
Read More
Lies

Big Lie 10 years Ago, Big Lie Now

Ron KnechtFebruary 26, 2021
Read More
Mike Lindell

Memo To Mike Lindell: Kick Some Dominion Ass

Penny PressFebruary 24, 2021
Read More

Trump Acquitted AGAIN!

Penny PressFebruary 17, 2021
Read More

More Money STILL Doesn’t Buy Better Education

Ron KnechtFebruary 17, 2021
Read More

Trump 2, Washington Whores 0

Penny PressFebruary 17, 2021
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Nevada Politics Muth's Truths business government Government Opinion Obama News Donald Trump GOP Republicans Ron Knecht Adam Laxalt

Copyright © 2021 Citizen Outreach | Maintained by VirtualAlly

Don’t Let the RINOs Keep a Conservative From Going to Congress!
The rise of independent voters