iCongo, a leading developer of e-business systems and software, says the results of a consumer survey conducted on their behalf by Harris Interactive shows the pain at the gas pump will sharply cut consumers’ holiday spending and drive more shoppers online. From iCongo's website:
As a result of increasing gasoline prices, nearly three in four online adults, 73 percent, expect their holiday shopping habits to change in some way, for example, by spending less on gifts (42 percent) and doing more one-stop shopping (40 percent). Findings show more than one in three online adults (36 percent) are now more likely to shop online rather than in-person as a result of the increasing price of gasoline.
For complete details of the survey, go here.
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