Small Business News

CEA Thinks Black Friday Spending Average Will Rise 18%

As Americans head into the most intense shopping weekend of the year, many of them are ready to spend even more than they did last year.

The Consumer Electronics Association (CEA) this week released its predictions forBlack Friday 2013. Among the predictions is that Americans who do shop this weekend are planning to spend an average of $258. This represents an 18% increase from what Black Friday shoppers thought they would spend in 2012.

The CEA report shows that 61% of American adults are planning to shop sometime during the Thanksgiving holiday. Though department stores are set to open their doors for Black Friday deals on Thursday evening this year, only 13% of Americans are planning to shop on Thanksgiving day. In fact, Americans seem resentful of retail beginning to cut into the holiday, with 54% saying that stores are opening too early on Thanksgiving.

Those who are shopping this weekend intend to make tech a big part of their purchases. The CEA report shows that 30% of those who will shop intend to purchase a tablet, while slightly less (29%) intend to buy either a notebook computer or video game console.

“Buying tech during Black Friday has become the new Thanksgiving weekend tradition,” said Shawn DuBravac, chief economist and senior director of research at CEA. “Tech is vying to surpass other popular product categories, such as clothing, this holiday shopping weekend. New product announcements in gaming, computing and mobile devices, coupled with generally improving economic conditions, are driving consumer excitement to get out and shop.”

Small Business News is brought to you by iEntry, Inc.
Search
Search

Stock Market

Stocks headlines
Index Last Change
Dow 16493.37 -69.93
Nasdaq 4352.64 -17.13
S&P 500 1925.15 -5.52
NYSE 10692.17 -34.26
AMEX 2678.49 -28.43
Input stock ticker 
Or company name