After the atypical 2020 holiday season, where purchases were made online, in-person shopping has returned with 2021. In fact, customers have the option of capitalizing on the best of both the worlds.
"It's going to be a hybrid holiday this year, blending the return of a celebratory feeling with the now normalized pandemic lifestyle," according to Marshal Cohen, chief retail industry advisor for market research for NPD.
Record Holiday Season Predicted: Market analysts are bracing for a record holiday season. The National Retail Federation estimated that the holiday sales during November and December will likely increase between 8.5%-10.5% year-over-year to $843.4 billion-$859 billion. This excludes spending at auto dealerships, gas stations and restaurants.
NPD expects people, on average, to spend $875 on holiday gifts.
As of 9pm on Black Friday, consumers have spent $6.6 billion, according to the Adobe Digital Economy Index. When the final tally is in, consumers will have spent between $8.8 billion and $9.2 billion, the firm estimates.
Related Link: Cannabis Tech Gift Guide: These Are Some Of The Gadgets To Grab This Holiday Season
Even as shopping continues at a frenzied pace, here are a few cool ideas for holiday gifts put together by Loup Funds:
Gifting Ideas For 2021
Apple, Inc.'s AAPL AirTags based on Cupertino's network-driven approach for tracking things
Twitter, Inc. TWTR Blue priced at $2.99 per month
Tesla, Inc. TSLA FSD subscription priced at $199 per month
ENS Name, worth $50-$200
Lunii's My Fabulous Storyteller, priced at $80
West Elm Turntable, valued at $200
Zab's Hot Sauce, priced at $12 for 2
iPad mini, priced at $499
Bleusalt Long Sleeve Crew Pullover, a sustainable fabric that has the feel of cashmere, priced at $110
Ledger Nano S, a hardware wallet to keep one's crypto safe, priced at $59
Glerups Slippers, priced at $125
Fine Line Family K9 dog for $20,000-$80,000
Loup has gone a step further and presented holiday gift ideas for 2022 that include:
Nintendo Co., Ltd. NTDOY 64 Classic Edition
Quest 3, new VR hardware from Meta Platforms, Inc. FB
Peloton Interactive, Inc. PTON Strength Machine
Related Link: FedEx Forecast Calls for Holiday Package Shipments to Increase 10%
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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