Strong Holiday Shopping Season Suggests Improving Economy

6 years 9 months 3 weeks ago Thursday, December 22 2011 Dec 22, 2011 Thursday, December 22, 2011 5:43:00 PM CST December 22, 2011 in News
By: Joe Chiodo
loading

COLUMBIA - The Missouri Retail Association told KOMU 8 Thursday that Christmas Eve will be the biggest shopping holiday of the year.  The holiday shopping season is bringing in more revenue than previously expected, which could help improve the lagging economy.

David Overfelt, President of the MRA, told KOMU 8 this year's revenue from the holiday shopping season is expected to increase four to five percent from last year.  Overfelt said the percentage was estimated after the high amount of black friday spending.

The industry term for the Saturday before Christmas is "Super Saturday", due to the large amount of spending right before the Holiday. Overfelt said that because this year's "Super Saturday" falls on Christmas Eve, the stores will be even more crowded than on Black Friday.

Overfelt said that the increase in spending is a common trend throughout the country. He explained, "Missouri can usually be a model for how the country is doing as a whole, and spending is up."

MRA research shows the shopping season in 2009 was dismal but 2010 was a large improvement.  Overfelt said this year's improvement could hint that the economy is recovering from the recession. 

"We hope that this will pick up recovery and by 2012 we will have greater job growth," Overfelt told KOMU 8.

Retail stores also did not expect the shopping season to be this large, so they offered more sales and bargains.  Overfelt said this is a major reason for the increase in revenue.  He added that because of the sales, the shopping season will be consistently heavy through the month January.

 

 

More News

Grid
List
CALLAWAY COUNTY - Callaway County deputies found methamphetamine and drug paraphernalia during a traffic stop early Sunday morning, according to... More >>
7 hours ago Sunday, October 14 2018 Oct 14, 2018 Sunday, October 14, 2018 10:05:00 PM CDT October 14, 2018 in News
SLATER - Gloria is a 2-year-old pit bull who was found near Slater, Missouri after someone shot her in the... More >>
9 hours ago Sunday, October 14 2018 Oct 14, 2018 Sunday, October 14, 2018 8:26:00 PM CDT October 14, 2018 in News
COLUMBIA (AP) — Missouri's Republican Senate candidate Josh Hawley took a cue from President Donald Trump on Sunday and said... More >>
12 hours ago Sunday, October 14 2018 Oct 14, 2018 Sunday, October 14, 2018 4:50:00 PM CDT October 14, 2018 in News
(CNN) - For many, the fight against Brett Kavanaugh's confirmation was about more than a seat on the Supreme Court.... More >>
14 hours ago Sunday, October 14 2018 Oct 14, 2018 Sunday, October 14, 2018 3:04:00 PM CDT October 14, 2018 in News
(CNN) - Florida Panhandle officials are trying to figure out how to resume classes after Hurricane Michael damaged or destroyed... More >>
15 hours ago Sunday, October 14 2018 Oct 14, 2018 Sunday, October 14, 2018 2:29:00 PM CDT October 14, 2018 in News
COLUMBIA - Dozens of people gathered at Burr Oak Brewing on Sunday for the second annual Columbia Micro-Con. STL... More >>
15 hours ago Sunday, October 14 2018 Oct 14, 2018 Sunday, October 14, 2018 2:09:00 PM CDT October 14, 2018 in News
MOBERLY- The Randolph County Sheriff's Office is looking for a suspect after an armed robbery at Dino Mart on 1634... More >>
16 hours ago Sunday, October 14 2018 Oct 14, 2018 Sunday, October 14, 2018 12:41:00 PM CDT October 14, 2018 in Top Stories
COLUMBIA - A field of flowers swept through Columbia on Sunday in honor of the Alzheimer's Association’s 2018 Walk to... More >>
20 hours ago Sunday, October 14 2018 Oct 14, 2018 Sunday, October 14, 2018 8:54:00 AM CDT October 14, 2018 in News
HARTSBURG - The Hartsburg Pumpkin Festival is celebrating its 27th year with traditions like live music and picking your own... More >>
1 day ago Saturday, October 13 2018 Oct 13, 2018 Saturday, October 13, 2018 11:05:00 PM CDT October 13, 2018 in News
COLUMBIA - City officials declared the month of October Disability Employment Awareness Month at a fundraiser in Stephens Lake Park... More >>
1 day ago Saturday, October 13 2018 Oct 13, 2018 Saturday, October 13, 2018 10:39:00 PM CDT October 13, 2018 in News
COLUMBIA - The first ever Marc’s Dash 5K and Fun Run was held Saturday to honor a fallen firefighter. ... More >>
1 day ago Saturday, October 13 2018 Oct 13, 2018 Saturday, October 13, 2018 8:43:00 PM CDT October 13, 2018 in News
FULTON - "Richard's Family" said its goal is giving a safe space and a sense of family for LGBTQ youth.... More >>
1 day ago Saturday, October 13 2018 Oct 13, 2018 Saturday, October 13, 2018 7:18:00 PM CDT October 13, 2018 in News
(CNN) -- Hurricane Michael's death toll climbed to 18 Saturday, after another victim was discovered in Virginia. Fears were... More >>
1 day ago Saturday, October 13 2018 Oct 13, 2018 Saturday, October 13, 2018 6:23:00 PM CDT October 13, 2018 in News
JEFFERSON CITY- Police arrested a man wanted for attempted murder and attempted kidnapping Saturday. Police were investigating an unrelated... More >>
1 day ago Saturday, October 13 2018 Oct 13, 2018 Saturday, October 13, 2018 3:50:00 PM CDT October 13, 2018 in News
(CNN) -- The percentage of young kids in the US who received no vaccine doses has continued to rise, as... More >>
1 day ago Saturday, October 13 2018 Oct 13, 2018 Saturday, October 13, 2018 2:33:00 PM CDT October 13, 2018 in News
ST. LOUIS (AP) — A Missouri man who previously served 17 years in prison for two killings has been found... More >>
1 day ago Saturday, October 13 2018 Oct 13, 2018 Saturday, October 13, 2018 2:14:15 PM CDT October 13, 2018 in News
COLUMBIA - A Columbia man was shot and killed early Saturday morning on Rice Road and Ballenger Lane. Police... More >>
1 day ago Saturday, October 13 2018 Oct 13, 2018 Saturday, October 13, 2018 8:22:00 AM CDT October 13, 2018 in News
COLUMBIA - Eight weeks into the high school football season and we're back to the chilly, fall nights. Our... More >>
2 days ago Friday, October 12 2018 Oct 12, 2018 Friday, October 12, 2018 6:03:00 PM CDT October 12, 2018 in Friday Night Fever
Columbia, MO
Broken Clouds 37°
6am 37°
7am 37°
8am 37°
9am 39°