“Now that the holiday shopping season is upon us, retailers are hoping cool new consumer-technology products — the ‘iPod effect’ — will lure shoppers,” Mindy Fetterman reports for Gannett News. “The No. 1 holiday tech wish is for an MP3 music player (read: iPod), says the Consumer Electronics Association. ‘It’s going to be an MP3 holiday,’ says Jenny Pareti, spokeswoman for the association. (It’s unseemly for the trade group to highlight one maker, but Apple’s iPod and its tiny sibling, the Nano, are expected to bury rival players.)”
“The National Retail Federation raised its prediction for holiday sales, to a 6 percent increase. That’s almost a point less than last year’s increase but still pretty strong. Americans expect to spend an average $816 per household this holiday season, according to a Gallup Poll, the most since November 2000,” Fetterman reports. “Sean Wargo, director of industry analysis for the Consumer Electronics Association, admits that the typical shopper feels rather ‘dreary’ this year and that the economic outlook is a ‘net neutral.’ Still, 76 percent of U.S. consumers plan to buy at least one consumer electronics product this holiday season, according to an electronics association survey of 1,000 U.S. adults. Wargo says the season is shaping up to be ‘a good holiday, when you look at everything.'”
Full article here.
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