Money Matters: Holiday shopping

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October 18, 2012, 8:26 am
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(NECN) - Here's a rundown of the morning's developing business headlines, which will certainly have an impact on holiday shopping:

- Wrentham's "Midnight Madness" is a go

The annual Black Friday event at the Wrentham Village Premium Outlets in Massachusetts will go on as planned.

According to the Attleboro Sun Chronicle, the town's planning board said the event can be held as long as the mall installs ten security cameras.

Wrentham officials had threatened to cancel the big event, due to a disagreement over who should pay for - and maintain - those cameras.

- Toys R Us extends layaway program

There is some good news for early shoppers: Toys R Us is extending its free layaway program.

It was originally set to end on Oct. 31, but it has been extended until Dec. 16 because so many people have already taken advantage of the plan.

- Holiday shopping for no. 1?

More holiday shoppers will be splurging on themselves this year.

According to the National Retail Federation -- the average holiday shopper will spend $749 on gifts, holiday decor, greeting cards and more.

That's almost $9 more than they spent last year.  

Meanwhile, six-in-ten shoppers plan to spend an average of $139 on gifts for themselves.

Tags: Wrentham, shopping, business , money, Money Matters, Toys R Us, holiday shopping, Black Friday, Midnight Madness, Layaway, shopping season, holiday shopping season, shopping survey
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