According to a study conducted by Ipsos-Reid on behalf of Retail Council of Canada, the average expected holiday spending on gifts and other expenditures such as clothing, travel, beauty services, food, drink, or entertainment is $991 per person.
Specifically, Canadian gift givers expect to spend an average of $547 on gifts this year and an average of $444 in areas other than gifts.
?Our industry is approaching the 2004 holiday season with a high degree of optimism as retail sales are continuing to gain momentum in time for the busiest shopping season of the year,? states Diane J. Brisebois, president and CEO, Retail Council of Canada.