|By PR Newswire||
|November 14, 2012 09:52 AM EST||
NEW YORK, Nov. 14, 2012 /PRNewswire/ -- Women & Co., Citi's personal finance resource for women, and Real Simple, the leading women's lifestyle brand, today released results from their 2012 Women's Holiday Shopping Report, providing an in-depth look at how women across the U.S. are approaching holiday shopping this year. According to the national survey of 750 women, most are willing to spend significantly on what matters to them during the holidays, with the majority spending at least $700 on holiday expenses, and 1 out of 3 spending $1,000 or more. At the same time, they are finding creative ways to cut back on expenses – by exchanging homemade gifts, bargain-hunting at several retailers, using coupons, and shopping year-round.
Is Black Friday for slackers?
Only 11 percent of women surveyed say they start shopping on Black Friday. Instead, the majority of women are shopping early – with 41 percent starting their holiday shopping before Thanksgiving and 22 percent shopping all year long for the holidays.
Holiday budget: What they're spending on
The majority of women admit to spending at least $700 on holiday expenses – between gifts (almost half – 48 percent – spend at least $500); travel (56 percent spend at least $100); food/entertainment (51 percent spend at least $100); holiday cards (73 percent spend $50 or less); charity (57 percent spend at least $50); and more.
Where they're cutting back
While the majority (60 percent) say they have no regrets when it comes to holiday spending, forty percent called themselves bargain-hunters who visit several retailers and clip coupons to get the best price. They are also looking for creative ways to prioritize and save.
- When considering what aspect of holiday expenses they would prefer to cut back on the most, respondents say they would rather cut back on gift expenses than costs associated with cooking and entertaining – and 42 percent wish they could stop exchanging gifts with certain people.
- Another 52 percent of women have started exchanging handmade gifts to cut down on costs, with baked goods being the most popular homemade present.
"The results of this survey paint a very interesting picture of women's priorities during the holidays," said Linda Descano, CFA®, President and CEO of Citi's Women & Co and Managing Director and Head of Digital Partnerships, Content and Social for North America Marketing at Citi. "Women are willing to spend money – without complaints or regrets – to ensure that their families have a happy holiday, but we're finding creative ways to spend wisely, prioritize, and be smart about the way we shop."
"With our increasingly hectic world, we've long known that women are focusing on what matters in their lives. They are simplifying in some areas to find time for what's most important," says Kristin van Ogtrop, Managing Editor of Real Simple. "The holiday season is no exception. They are shopping early, making gifts at home, giving to charity, and putting time with family over exchanging gifts with everyone."
Who they're spending on
The majority of respondents say they buy gifts for at least 10 people, with 1 of 4 purchasing gifts for more than 15 people during the holiday season.
- Of those who buy presents for their spouse, partner, children, parents, and in-laws, the majority spend at least $100 each on their gifts.
- The majority of those who buy gifts for siblings, nieces, nephews, and other relatives spend $50 or less per person.
- Of those who shop for friends, co-workers, pets, teachers, and child care providers, the majority spend less than $25 each.
The season of giving: Majority of women donate $50 or more
For most women, holiday prep is not solely focused on buying gifts and holiday entertainment – 57 percent spend at least $50 or more on charity during the holidays. Thirteen percent say they spend $300 or more on charitable holiday donations.
Holiday budgeting: Is it worth the debt?
The survey also explored women's attitudes towards budgeting for the holidays and their willingness to go into debt to have a happy holiday.
- The majority of women (93 percent) have some sort of holiday spending budget.
- 43 percent think it is okay to accumulate some credit card debt in order to have a happy holiday, yet the majority plan to pay it off in less than one month.
Visit Women & Co. at www.womenandco.com for money-saving holiday shopping tips and tricks, and RealSimple.com for ideas for homemade gifts and checklists to simplify the process. For detailed results from the 2012 Holiday Spending Report, visit the Women & Co. blog and RealSimple.com.
The online resources available at Women & Co. are one part of a comprehensive suite of online and digital services provided by Citi to help shoppers simplify and save on holiday expenses. With Citi Price Rewind, a unique price protection program, shoppers hunting for a lower price can rest easier when they make purchases on their eligible Citi credit card. After a Citi cardmember purchases and registers an eligible item, Price Rewind will search hundreds of retailers' sites for 30 days after the purchase to find a lower price. If a price is at least $25 less than what the cardmember paid, Citi will refund the difference in price – up to $250 per item. Also new this holiday season, Citi ThankYou® Rewards members now have another place where they can use their ThankYou Points: Amazon.com, where eligible Citi ThankYou members can use their points to purchase millions of products at Amazon.com.
For more information on Citi Price Rewind, including a full description of coverage, eligible categories and Citi credit cards, visit www.citi.com/pricerewind. For more information about Citi ThankYou Rewards, please visit www.thankyou.com.
Citi, Citi and Arc Design, Citibank and Women and Co. are registered service marks of Citigroup Inc.
About Women & Co.
Women & Co., a service of Citi, is the go-to personal finance source for women. By providing financial content, commentary and community, Women & Co.'s mission is to get women thinking and talking about personal finance. Founded in 2000, Women & Co. is one of the longest running personal finance websites dedicated to helping women strengthen their financial futures. Twitter: @WomenandCo
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
About Real Simple
Real Simple (www.realsimple.com) launched in March 2000 to provide inspiring ideas and practical solutions to help today's busy woman navigate her everyday life. Throughout its 12 year history, Real Simple has been a leader in understanding the modern woman. The brand creates a community in which consumers can share their ideas and learn about women like themselves. With a monthly print magazine, robust website, tablet editions, mobile apps, licensed products, books, special issues, and a strong social media presence, Real Simple enjoys a total monthly audience of 15 million. Real Simple is published by the Time Inc. Lifestyle Group, a division of Time Inc., the largest magazine media company in the U.S.
SOURCE Women & Co.
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
Oct. 26, 2016 03:45 AM EDT Reads: 1,000
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...
Oct. 26, 2016 03:45 AM EDT Reads: 1,318
“Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CloudBerry Backup is a leading cross-platform cloud backup and disaster recovery solution integrated with major public cloud services, such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.
Oct. 26, 2016 02:30 AM EDT Reads: 1,467
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
Oct. 26, 2016 02:30 AM EDT Reads: 1,063
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Oct. 26, 2016 02:30 AM EDT Reads: 4,079
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Oct. 26, 2016 01:45 AM EDT Reads: 2,739
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Oct. 26, 2016 01:15 AM EDT Reads: 3,108
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
Oct. 26, 2016 12:15 AM EDT Reads: 4,130
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
Oct. 26, 2016 12:00 AM EDT Reads: 1,046
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
Oct. 26, 2016 12:00 AM EDT Reads: 34,222
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Oct. 26, 2016 12:00 AM EDT Reads: 3,870
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Oct. 26, 2016 12:00 AM EDT Reads: 3,192
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
Oct. 25, 2016 11:45 PM EDT Reads: 2,995
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 25, 2016 10:15 PM EDT Reads: 987
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Oct. 25, 2016 09:15 PM EDT Reads: 891