Experts say holiday shopping sales slowing down after strong Black Friday
Last Updated: 160 days ago
INDIANAPOLIS - The biggest holiday savings may be yet to come, but many Indianapolis-area shoppers say they aren't finding the bargains they are expecting.
Store performance company ShopperTrak said holiday spending is up only slightly compared to last year and that retailers may have to drop prices more to salvage the season.
Red tags savings draw shoppers in, but retail experts said promotion deals are down by about 5 percent from 2011.
"I'm not seeing a lot of deals this year. I think last Christmas there were more deals. This year, we're just getting what we get," said shopper Latoysha Zinnerman-Alston.
ShopperTrak puts holiday season sales up a little more than 2 percent this year, thanks in large part to a $22 million Thanksgiving weekend.
"I actually started right after Thanksgiving. Black Friday, got most of the kids taken care of. Right now, I'm just shopping for the spouse," said Zinnerman-Alston.
Some shoppers think talk of increasing taxes deter spending.
"It just depends on what category you fall in. The rich are getting richer and the middle class is just staying right there, so it's a tough time for a lot of people," said Randall Calligan.
Consumer analyst said the days leading up to Christmas are crucial and will determine whether the holiday season was boom or bust.
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