Holiday spending up 4% from 2018 as shoppers look for last minute deals

Holiday spending up 4% from 2018 as shoppers look for last minute deals

It’s Super Saturday and retailers are hoping to ring up record sales. The National Retail Federation says shoppers are expected to spend $730 billion this holiday season. That’s about 4% more than last year. Hilary Lane reports.

Truth Analysis

Factual Accuracy
3/5
Bias Level
3/5
Analysis Summary:

The article's central claim of a 4% increase in holiday spending compared to the previous year is supported by one source, but the specific dollar amount mentioned ($730 billion) is not directly verifiable within the provided sources. The article also uses language that suggests a positive outlook for retailers, indicating a slight bias. The date context is unclear, as some sources refer to different years.

Detailed Analysis:
  • Claim:** Holiday spending up 4% from 2018.
    • Verification Source #2: Supports a 4% increase in holiday spending compared to the previous year.
    • Verification Source #4: Supports a 4% increase in spending for Mother's Day 2019 compared to 2018.
  • Note:* The article title suggests a general holiday season, while Verification Source #4 refers to Mother's Day. This creates ambiguity.
  • Claim:** Shoppers are looking for last-minute deals.
    • Verification Source #3: Mentions that 95% of shoppers find price discounts to be important.
    • Verification Source #5: Mentions that some shoppers use AI to look for deals.
  • Note:* While these sources support the idea of shoppers seeking deals, they don't specifically confirm that shoppers are looking for *last-minute* deals. This is plausible but unverified.
  • Claim:** The National Retail Federation says shoppers are expected to spend $730 billion this holiday season.
    • Verification Source #1: States that consumer spending on winter holidays is expected to reach a record $902 *per person* on average. This contradicts the claim of $730 billion total.
  • Note:* The provided sources do not contain information to directly verify the $730 billion figure. It is possible this figure is accurate for a specific year, but the sources provided do not confirm this.
Supporting Evidence/Contradictions:
  • Agreement:** Verification Source #2 supports the claim of a 4% increase in holiday spending. Verification Source #4 also supports a 4% increase in spending, but for Mother's Day.
  • Contradiction:** Verification Source #1 contradicts the claim of $730 billion in total spending, stating instead that spending is expected to reach $902 *per person*.
  • Lack of Coverage:** The provided sources do not directly confirm the claim that shoppers are specifically looking for *last-minute* deals, although they do confirm that shoppers are generally interested in deals. The $730 billion figure is not directly verifiable.