‘Tis the season for decking the halls with boughs of holly, double-checking naughty and nice lists, and exchanging freshly wrapped presents with your closest friends and family.This year you may find yourself with extra gifts to wrap and to exchange as experts predict American shoppers will spend more this year on the holidays.
Retail sales this holiday shopping season are set to rise by 3.6% to $655.8 billion ($935.58 per person) – with video games and consumer electronics or computer-related accessories maintaining some of the top gift choices, reports the National Retail Federation (NRF).
Some of the most coveted video games you’ll likely see under the tree this year include the new Nintendo 3DS XL ($199.99), the Xbox One S ($299.99), and the PlayStation 4 Pro ($399.99), reports a recent Times article outlining the holiday’s top gadgets.
Additionally, the smart home technology sector will experience an overall boom with retail sales – throughout the whole year.
The sector (composed of smart thermostats, smart smoke and CO2 detectors, IP/WI-FI- cameras, smart locks, smart home systems, and smart switches, dimmers and outlets) will expand by 21% to 8.9 million units sold in 2016 – with $1.2 billion in revenue - predicts the Consumer Technology Association (CTA).
Laptops are also anticipated to increase by 2% reaching 27.6 million in 2016, according to CTA.