Last-Minute Holiday Shoppers May Not Find Big Bargains
DENVER (CBS4)– It doesn’t look like there will be any budget relief for those last-minute holiday shoppers this year. They’ll find big crowds but not big bargains.
The weekend before Christmas is typically the biggest shopping period of the year, even bigger than Black Friday.
“This weekend will be our busiest weekend of the year. There’s no question about that,” said Cherry Creek Mall General Manager Nick LeMasters.
There are expectations for a strong finish despite the limping along of the holiday shopping season so far.
“When I see something I get it,” said shopper Suzanne LeMasurier.
“Basically I have been spending a lot more than expected, a lot more,” said shopper Janice Chong.
On average, shoppers plan to spend $854 this holiday season, that’s up 32 percent from last year according to the American Research Group.
About 54 percent of the shoppers are more apt to wait for sales which could be a disappointment this season.
“The retailers I’ve spoken to have indicated whatever mark downs they’ve taken, they’re done with that now,” said LeMasters.
The real deals are expected to come after Christmas.
Like many other stores and shopping centers, the Cherry Creek Mall has extended hours over the weekend.
Starting Friday Macy’s begins its 72-Hour Sale where they are open the entire time.