In 2023, holiday shopping season will start a little later for many consumers in the United States. According to the findings of a recent survey, half of U.S. consumers were intending to start their holiday shopping in October in 2023. This share was at 56 percent the previous year.
Holiday season in the United States
The holiday season is just around the corner and it’s truly the best time of the year for both consumers and retailers of all shapes and sizes. Since the recession in 2008, Christmas holiday retail sales in the United States have grown steadily. The amount of money that U.S. consumers plan to spend on gifts has, however, fluctuated. A 2022 survey revealed that U.S. consumers expected to spend, on average, 867 U.S. dollars in 2022; an increase from 794 dollars in 2018.
Black Friday
For millions of people, Black Friday is the time to do some serious Christmas shopping — even before the last of the Thanksgiving leftovers are gone. It is the Friday after Thanksgiving, and it's one of the major shopping days of the year in the United States, falling anywhere between November 23 and 29. While it's not recognized as an official US holiday, many employees have the day off — except those working in retail. Ever since the start of the modern Macy's Thanksgiving Day Parade in 1924, the Friday after Thanksgiving has been known as the unofficial start to a bustling holiday shopping season.
When consumers are intending to begin holiday shopping in the United States from 2021 to 2023
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McKinsey & Company. (November 6, 2023). When consumers are intending to begin holiday shopping in the United States from 2021 to 2023 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/243495/period-when-us-consumers-began-shopping-for-the-holiday-season/
McKinsey & Company. "When consumers are intending to begin holiday shopping in the United States from 2021 to 2023." Chart. November 6, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/243495/period-when-us-consumers-began-shopping-for-the-holiday-season/
McKinsey & Company. (2023). When consumers are intending to begin holiday shopping in the United States from 2021 to 2023. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/243495/period-when-us-consumers-began-shopping-for-the-holiday-season/
McKinsey & Company. "When Consumers Are Intending to Begin Holiday Shopping in The United States from 2021 to 2023." Statista, Statista Inc., 6 Nov 2023, https://www.statista.com/statistics/243495/period-when-us-consumers-began-shopping-for-the-holiday-season/
McKinsey & Company, When consumers are intending to begin holiday shopping in the United States from 2021 to 2023 Statista, https://www.statista.com/statistics/243495/period-when-us-consumers-began-shopping-for-the-holiday-season/ (last visited December 23, 2024)
When consumers are intending to begin holiday shopping in the United States from 2021 to 2023 [Graph], McKinsey & Company, November 6, 2023. [Online]. Available: https://www.statista.com/statistics/243495/period-when-us-consumers-began-shopping-for-the-holiday-season/