Toys “R” Us CEO Talks Holiday Season 2009

Credit: www.FoxNews.com

Image credit: www.FoxNews.com

Jerry Storch, CEO of Toys “R” Us, sat down with Brian Sullivan of Fox News to discuss price wars with Wal-Mart, Black Friday crowd control, and other holiday season topics. Click here to read the transcript.

NRF: Shoppers to Spend Less on Gift Cards

According to the National Retail Federation (NRF), holiday shoppers plan to spend less on gift cards and recipients can expect cards with lower monetary values. The study by the NRF, part of the 2009 Holiday Consumer Intentions and Actions Survey, reported that holiday shoppers will spend an average of $139.91 per person, compared to $147.33 last year.  The average value per card, stated the survey, would be $39.80, compared to $40.54 in 2008.

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Poll: More Americans to Buy Toys This Holiday Season

According to a Harris Interactive poll, more than half of Americans (54 percent) will buy toys as gifts this holiday season. Last year, 47 percent of those surveyed planned to buy toys. Nearly seven in ten consumers (69 percent) who have children in their home, and 46 percent of consumers who don’t, will buy toys this year.

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Survey: Most Online Retailers to Offer Free Shipping This Holiday Season

In a new survey by Shop.org, four out of five online retailers said they will offer free shipping with conditions this holiday season, meaning a customer must purchase a certain item or a certain dollar amount to qualify. More than half of online retailers, 57.4 percent, plan to offer free shipping without conditions, and 30 percent of the retailers said free shipping offers will start earlier than they did last year.
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Discounts Most Important Factor for Holiday Shoppers Says Survey

Holiday shoppers are expected to spend an average of $22.27 dollars less than last year, a 3.2 percent drop, according to the National Retail Federation’s 2009 Holiday Consumer Intentions and Actions Survey. According to the survey, price discounts (43.3 percent) and everyday low prices (12.7 percent) will be the most important factors when decided where to shop. Other factors include selection (21 percent), quality (11.8 percent), convenience (4.9 percent), and customer service (4.4 percent).

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