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The Holiday Economy
By Laura Knoy on Friday, December 11, 2009.
As tough times continue, we look at how they might affect those sectors which rely on a strong holiday season, especially retail. While some people are buying more this year, others are resorting to bargain shopping, coupon clipping and homemade gifts. We’ll find out what the trends are and look at another sector with high hopes for the holidays: travel and tourism.
Guests
- Nancy Kyle, President and CEO of the Retail Merchants Association of New Hampshire
- Bob Sanders, reporter for the New Hampshire Business Review
Guests
- Alice DeSouza, director of the New Hampshire Division of Travel and Tourism Development
- Nick Wallner, Branch Manager of the AAA Concord Office and Spokesperson for AAA of Northern New England in New Hampshire
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Jon Greenberg asked for feedback about the availability of credit, and in the last six months we have taken out a used car loan and financed a major home renovation project. Although times are definitely tough, we are trying to take advantage of lower prices and some tax incentives. We're cautiously optimistic about our personal economic future and that of the region.
If you are fortunate and have a job, this year's bargains are incredible. Free shipping with great prices abounds for online sites. The big box retail stores offer great sales and many incentives one various days/hours.
We are spending less, being more selective and getting better gifts this year.