Economy Of Christmas
The economics of Christmas are significant because Christmas is typically a high-volume selling season for goods suppliers around the world.Sales increase dramatically as people purchase gifts, decorations, and supplies to celebrate. In the U.S. the ''Christmas shopping season'' starts as early as October. In Canada, merchants begin advertising campaigns just before Halloween, and step up their marketing following Remembrance Day on 11 November. In the UK and Ireland, the Christmas lights are turned on. In the United States , it has been calculated that about one fifth of retail of retail sales to one quarter of all personal spending takes place during the Christmas/holiday shopping season.Figures from the U.S. Census Bureau reveal that expenditure in department stores nationwide rose from $20.8billion in November 2004 to $31.9 billion in December 2004, an increase of 54 percent.
Christmas Club
Christmas clubs are savings programs, the first of which were offered by various banks in the first of which were offered by various banks in the United States during the great depression.The concept is that bank customers deposit a set amount of money each week into a special savings account, and receive the money back at the end of the year for Christmas shopping. For decades, financial institutions competed for the holiday savings business, offering enticing premiums and advertising items such as token.
According to Forbes, retailers in America can expect to make $1trillion from Christmas sales, accounting for quarter of their yearly profit.
US Christmas Gift Spending Over Time
Year Sales
2019 $716.7 billion
2020 $889.3 billion
2022 $936.3 billion
2023 $964.4 billion
2024 ?
It is a perfect time to start a seasonal business. So if you want to be a success seasonal business man then it is right time.
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