Poll: Most Alabama holiday shoppers cutting back
Published 10:57 am Monday, November 24, 2008
Most Alabama holiday shoppers say they will spend less on gifts this year and avoid debt.
A Press-Register/University of South Alabama poll found that nearly three-quarters of those surveyed last week would not ring up debt. Fifty-two percent said they would spend less. Forty percent said they would spend about the same.
Only 4 percent said they would increase their shopping.
The poll had a margin of error of 5 percentage points.
Reduced spending is expected because of the nation’s economic slump.
According to the Alabama Retail Association, sales grew by only one-half of 1 percent between December 2006 and 2007. Growth averaged 5.9 percent a year between 2003 and 2006.