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Poll Shows Consumer Spending to Remain High in July
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Forex Broker (AXcess News) Washington - With the 4th of July Independence Day holiday just around the corner, consumers are facing higher prices at the pump and elsewhere that might dampen their plans, but according to the National Retail Federation that's not likely to be the case.
Tatton Park 2000 will run from 19 July, an extra day for RHS and National Trust members, 22nd July ( 7pm) and 23rd July ( 5pm). The RHS is confident they will see a significant increase on the 102, 000 who visited the inaugural show last year and propelled it into the top group of national garden shows along with Chelsea, Hampton Court, Malvern and Harrogate. west of England. The survey revealed that people in the region spend more time improving their gardens than improving the interiors of their homes.
Online Brokerage Americans are planning to head out and celebrate this July 4th holiday, not letting record high prices at the pumps affect their festivities. According to the National Retail Federation's (NRF) 2006 Independence Day Consumer Intentions and Actions Survey, the majority of consumers (87.2%) plan to celebrate Independence Day this year. Despite having to dig deeper into their wallets to fill up their gas tanks, more than one-half of consumers polled (53.2%) said that increased gas prices will not impact their holiday spending.
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Real Estate Broker "For many, the 4th of July is the most anticipated celebration of the summer," said Tracy Mullin, President and CEO of NRF. "Consumers are as eager to hit their favorite stores for specials and promotions as they are to head outside and celebrate the holiday with family and friends."
Retailers have begun to target consumers far earlier this year than they have in the past and according to the latest Gallup poll conducted last week, consumers expect to spend more money than ever this season.
Agency Brokerage Spark This year an increased number of people will be barbecuing or cooking out (60% vs. 48.8% in 2005) for the July 4th holiday. In addition, 91.1 million people will celebrate with fireworks or a community celebration, up from 77.7 million in 2005, and 22.9 million people plan to travel or take a vacation this Independence Day, up from 18.6 million in 2005.
In fact, it was the worst performance of that index in more than three years showing that Japanese consumer spending will likely remain relatively weak as wages refuse to rise. This adds to expectations that the BOJ's rate hike will be delayed for the rest of this year.
Business Broker "High prices at the pumps aren't slowing down consumers this Independence Day," said Phil Rist, Vice President of Strategy at BIGresearch. "Rather than take a long trip over the holiday weekend, many people are opting to stay close to home, celebrating with neighborhood picnics, barbeques and fireworks."
Brokerage Account In anticipation of the impending holiday, many retailers will be stocking their shelves with plenty of red, white and blue merchandise. According to the survey, 25.0 million consumers plan to purchase patriotic goods this month and more than a quarter (28.4%) of those polled plan to take advantage of special sales and promotions during the extended July 4th holiday weekend as well. Popular shopping destinations include discount stores (39.8%), department stores (34.5%), online (14.6%) specialty stores, such as greeting card/gift stores and electronics stores (12.6%), and specialty clothing stores (10.2%).
Stock Broker Additional July 4th numbers:
Brokerage Online Stock Trading 111.8 million consumers own an American flag
86.9 million consumers own patriotic apparel, such as a t-shirt or hat
20.9 million people will attend a parade
Broker Justin Ticket The NRF 2006 Independence Day Consumer Intentions and Actions Survey was designed to gauge consumer behavior and shopping trends related to the extended July 4th holiday. The survey was conducted for NRF by BIGresearch. The poll of 7,479 consumers was conducted from June 7-14. The consumer poll has a margin of error of plus or minus 1.0 percent.
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