SPRINGFIELD, Mass. (WWLP) – The holiday shopping season may be off to a slower start than expected.
5 million fewer people shopped on Thanksgiving and Black Friday compared to last year, but according to Springfield financial advisor Mark Teed, retailers should not be discouraged. Shoppers tend to wait for the best deals possible as it gets closer to Christmas, and with the oil prices dropping, consumer confidence is expected to spike as well.
Teed told 22News, “I think it’s going to be a great Christmas. Everything seems to be clearing out just about perfectly with the oil prices dropping as much as they are, people will feel like they have more money in their pockets.”
Even though the number of shoppers in brick and mortar stores may be lower, shoppers are expected to do a lot more buying on their mobile devices.