FedEx Survey: Two-Thirds of Canadian Online Holiday Shoppers Expect to Spend the Same or More in 2024 [Globe and Mail, The (Toronto, Canada)]
FedEx Corporation (FDX)
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Source: Globe and Mail, The
MISSISSAUGA, ON Nov. 20, 2024 /CNW/ - Federal Express Corporation, the world's largest express transportation company, conducted a survey about holiday shopping. Canadian consumers are preparing for an active holiday shopping season, according to the latest FedEx Canada Online Holiday Shopping Survey. The annual study reveals that despite ongoing economic pressures, such as inflation and rising costs, 54 per cent of holiday shoppers plan to spend the same amount as last year, with 13 per cent planning to spend even more. The survey also showed a slight drop in the number of respondents who anticipate spending a little or a lot less on holiday-related purchases compared to last year. In 2023, 37 per cent planned for a reduction in holiday spending while in 2024, this number decreased to 33 per cent. For those planning to spend less this year, inflation and increased cost of living expenses are the main reasons (64 per cent), closely followed by anticipated living expenses for this c
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