“Overall, shopping is going to be strong for the whole period,” Jay Henderson, IBM’s strategy program director, said in the Bloomberg article.
As we go into the traditional season for post-Christmas regifting, consumers are also turning to online venues, like eBay, to exchange unwanted gifts. Many retailers also now offer special extended return periods.
Additionally, bolstering this shopping holiday period, lower gas prices have left consumers with more money to spend.
“We’ve seen some better trends in the lower end,” Joseph Feldman, senior managing director of Telsey Advisory Group, said on CNBC. “The gas prices have definitely helped.”
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Max Chen contributed to this article.