Brisk Holiday Shopping Season Predicted

0
83

Holiday shopping, which traditionally begins with the annual Black Friday deals, will feature the usual deep discounts, but many younger shoppers are more likely to whip out their credit cards on Monday, a Cal State Fullerton professor said.

Online shopping nationally has jumped 15.2 percent in the first nine months of the year, compared to last year, said Raymond Sfeir, director of Cal State Fullerton’s A. Gary Anderson Center for Economic Research.

“That is a huge increase,” Sfeir said.

It indicates that the annual Cyber Monday online retail event will mark the beginning of the holiday shopping season for many younger discount hawks, Sfeir said.

“I expect ecommerce to grab an even larger portion of retail this year,” Sfeir said. “It’s sad to see so many stores closing in different malls and shopping centers, including a lot of clothing stores, but for young people, that’s where they shop these days. They like to take out the cellphone and click a few times and get something in the mail.”

It’s more convenient in some ways, but without trying clothes on in a store it leads to a lot of returns, Sfeir said.

“They’ll order five things and keep one and ship back the rest,” Sfeir said. “For the new generation that’s what they’re used to. They’re not used to touching things and kicking the tires, so to speak, in the stores.”

Monday sales are “increasing at a faster rate than the sales on Friday and the (Thanksgiving) weekend in general,” Sfeir said.

He predicts a strong shopping season at brick-and-mortar stores, though, based on positive economic indicators.

“We have very good employment data, and that is very important — the unemployment rate is extremely low,” Sfeir said.

The stock market has been retreating, but Sfeir does not think that will affect shopping this weekend.

“I think it will be fine,” he said. “Profits are still strong, the economy is doing well and GDP is expected to grow next year. A little less than this year, though.”

South Coast Plaza in Costa Mesa already has its Santa’s Village and North Pole open for photos with Santa Claus. The shopping center also has three large Christmas trees, live holiday music and will be serving hot cocoa and cider.

South Coast Plaza’s seeing “double-digit increases in sales over last year,” said spokeswoman Lisa Liddane.

The shopping center expects a record year, she added.

At The District at Tustin Legacy, retailers will offer a broad range of promotions and discounts for their customers, but the shopping center is waiting until Dec. 1 to unveil its holiday events. There’s enough going on that the center itself doesn’t need to entice shoppers more, said Shannon Campbell, the District’s marketing director.

On Dec. 1, the District will open its “Wonderland Holiday House,” a repurposing of the Santa’s Hut featured at last year’s skating rink. The District won’t offer the skating rink again this year.

The Shawna Yamamoto-designed Wonderland Holiday House will offer shoppers a chance to take photos with Santa Claus. The shopping center also will offer a “slime station” for children and train rides, she added.

On Dec. 8, shoppers can have photos of their pets taken with Santa Ana. On Dec. 15, the District will offer a food tasting event at its Union Market and a “snow fall,” Campbell said.

The Irvine Spectrum will present its “Black Friday Frenzy,” starting just after midnight on Friday. The event features DJs spinning music, free valet parking, free ice skating and free rides on its carousel and giant wheel attractions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here