Christmas shopping is one of the biggest holidays with shoppers spending over $1 trillion in the United States and shoppers in the UK spending over £2 billion.
From decorations to presents, to parties, to cards many shoppers will save all year for the spending they use on the Christmas holiday.
The Christmas holiday is by far the biggest shopping holiday in the United States, United Kingdom, and many other countries around the world.
Who Are Most Likely to Participate in Christmas Shopping?
With so many people celebrating the Christmas holiday in both the United States and the United Kingdom, the shopping is fairly equal across gender as well as many of the age ranges although the amount each demographic is planning to spend tends to vary. Some of the statistics about who is buying for the Christmas season include:
Who Are Buyers Purchasing Gifts For?
From loved ones to family, to friends, to co-workers, shoppers try and include everyone during the Christmas season. Some interesting facts about who gifts are being purchased for are:
Consumers will spend more than $5 million on their pets for Christmas.
Shoppers will spend seven times more on their family then they will work on their coworkers.
When Are Consumers Most Likely to Buy for Christmas?
The Christmas season offers sales on everything from clothes, to toys, to gift packages making it one of the most diverse purchasing holidays of the year. Even with the wide variety of gift options available, most Christmas purchases fall into one of the categories listed below.
How Are Consumers Paying for Their Purchases?
With the large volume of money spent for the Christmas holiday, there are many different ways in which buyers will choose to fund their holiday purchases. The two top ways in which buyers will pay for their purchases is by credit card or savings through the use of each varies in each demographic.
What Do Buyers Spend on Decorations and Events?
Christmas purchases are not limited to buying gifts, during the holiday season consumers will spend is a large number of their budgets on things for parties and events such as food and also spend a portion of their budget on Christmas trees and other holiday decorations.
Consumers spend an average of $200 each on decorations each Christmas season.
On average consumers will spend $50 or more on flowers, cards, and postage.
On average U.K. consumers will spend £32 on decorations and £225 on food and drink for the season.
$2.2 billion will be used to purchase over 400 million Christmas trees for the season.
Lesser Known Facts About Christmas Shopping
While it seems like there may be nothing left to find out about Christmas shopping below are some facts that just might surprise you.
Christmas shopping continues to rise year after year. With sales rising over a trillion dollars there seems to no slow down to the amount of spending that Christmas shoppers will make.
Whether consumers save all year to make their Christmas season one they will never forget, or put themselves into debt to complete their shopping, many people will continue to celebrate the season by spending.
While this level of spending may not be ideal for those who are exceeding their means, the holiday shopping season is definitely an important part of the economy and the growth of retail stores in both the United States and the United Kingdom.