Businesses See Higher Holiday Revenue In 2012

By Dave Leval

December 24, 2012 Updated Dec 24, 2012 at 7:16 PM EDT

FORT WAYNE, Ind. (www.incnow.tv) - Consumers will shell out an estimated $585 billion for Christmas gifts this season.

There are 32 days between Thanksgiving and Christmas this year, but retail figures show the 10 days before Christmas account for one-third of total annual retail sales.

Industry analysts say lack worry over the fiscal cliff resolution and the tragic school shooting last week in Newtown, Conn., have caused shoppers to hold on to more of their money this year.

On the retail side, businesses opening on Thanskgiving night and starting Black Friday sales earlier may have helped to counter lacking consumer confidence.

What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.

© Copyright 2016, A Quincy Media broadcasting station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.