According to a survey from the National Retail Federation, the average person who shopped or will shop the holiday weekend will spend $380.95, down 6.4% from $407.02 last year.Total spending is expected to reach $50.9 billion, down from last year’s estimated $57.4 billion. Additionally, more than three-quarters (77.2%) say they took advantage of retailers’ online and in-store promotions to buy non-gift items for themselves or their family, similar to last year’s 76.4%.
Source: National Retail Federation
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