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Mandy Walker of Consumer Reports breaks down the latest retail trends for the holiday season.
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Will the American consumer outcome to the economy is rescue this Christmas -- the company is -- woke up with consumer reports.
Mandate how we spend our way to a better Christmas this year.
Well about 29% of the people we talked is that they are gonna go out on Black Friday and shop.
That could be good news for retailers that -- three percentage points from last year.
But 33%.
Of them says they're going to be spending less on that's interest -- -- people going out and you just talk about Black Friday right that's the right time they're giving.
That's right so they're looking for great deals and but they may just be snapping up the things that are really low price that are really great deals.
And not going into stores and picking up things at full price which is of course.
What retailers are hoping -- isn't okay let me summarize this more people going out on Black Friday that more people spending less because after that they say they intend -- -- you -- they tell us that is sometimes they spend more than they think they're going to that's gonna getting that he is -- really.
Accurate I mean.
If somebody asked me they gonna go shopping on Black Friday -- -- spend more or less money I'm not sure I can give them a truly accurate sense.
Yeah it's called the think been spending their went spend less in the past and they have.
But often they don't -- to the budget they originally set they do spend a little bit more what do you make of this.
Deal west some stores are gonna open at midnight Thanksgiving.
-- months that he was gonna open at 10 o'clock on Thanksgiving night.
A lot of people who -- those sources say a week we don't want this union messing up about Thanksgiving of you forget about this.
Would that -- -- -- so they don't.
They know as far as consumers -- Running out to get those deals -- we last year we look at some key products that did really well in our tests electronics so high on people's gift lists.
And we look at that -- price fluctuations.
From mid November.
To mid December and we found that in many cases prices actually went down after Cyber Monday away after Black Friday.
So rushing out there -- your -- early to go out there and get that the lowest price and get may not be the best idea you might instead want to use shopping bots like shopping dot com and is rate price grabber.
-- at a price alerts.
That will still let you know when prices drop online to a range you want to spend.
Atlanta happened to shop and we just Lionel but you can actually walk through the stories come online this account.
Those guys are you tell when a second Tracy -- is we've -- Paul the Second Amendment Tracy wants to speak.
But who committed this also makes the case we're not using lay away believe it or not I know a lot of retailers are coming out trying to advertising in making it sound like a good thing but if you put your product unless you -- your essentially -- in price.
When it will probably go down in the future.
-- tell you may not.
-- -- -- -- price adjustment in the future depends on when you're ready hit by the get off some lately they charge you fees.
To put put items on lay away so you're spending more overnight has been spending less.
So -- for the benefit about viewers -- under the age of fifty.
You -- away is where you -- something in August you pay for its over the period.
Lay away and you tell you -- -- why haven't you know -- high and haven't.
-- I think anything ever want to around the -- without lightly saved up all quarters -- -- just like save money I think we're provided always that many of out of this discussion that I don't.
All right.
Many -- that was very good information with -- accurate and we appreciate you being with us thank them throughout my friend get.
