2022 Holiday Shopping By The Numbers

Posted by Karen Erdelac on Nov 2, 2022

2022 Holiday Shopping By The Numbers1.  American households are expected to spend an average of $997.79 during the 2022 holiday season. (National Retail Federation)

2.  61% of shoppers start their holiday shopping before Thanksgiving, and those who start shopping before Thanksgiving spend an average of $1,537. (Deloitte) 

3.  67% of shoppers were spending the most on holiday gifts for their children.  

4.  Brick-and-mortar stores edge out search engines as the best place to research holiday gifts.

5.  85% of consumers will include online shopping in their holiday plans.

6.  Smartphone-driven shopping will grow by 5%.

7.  58 Percent of consumers say social media will influence their holiday buying decisions. Say Social Media Will Influence Their Holiday-Buying Decisions

8.  Concerns about availability of products are the main reason consumers start shopping early.

9.  When faced with out-of-stock products, 70% of shoppers switched retailers or brands.

10.  Consumers will spend $12 million every minute during Cyber Monday's peak.

Is your business ready for the holiday rush?

Since 2005, Quikstone Capital Solutions has helped thousands of merchants grow and prosper with easy, fast, and flexible working capital for all their business needs, including purchasing holiday inventory, creating special advertising and promotions, hiring additional staff and updating their websites.

A cash advance from Quikstone is not a loan; it's a sales transaction – the purchase of a small portion of future credit card sales. If you process credit cards, you could qualify for as much as $250,000. There's a simple one-page application, and no collateral is needed. Contact us today and get started with a no-cost or obligation consultation.

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