Though the economy is still in the "Great Recession", Christmas spending did not seem to be especially modest this year. Shoppers flocked to malls to swarm their favorite stores for the perfect Christmas gifts. Though shoppers were more conscious of holiday deals, if the gift they sought was expensive they usually bought it anyway. Gaming systems including the new XBOX Kinect, the new iPad, and new phones including the Verizon Droid were among some pricey gifts consumers opted to buy anyway. Buyers turned to online shopping to avoid the hassle of big crowds at stores, According to CNNMoney.com, consumers spent a record $30.8 Billion this holiday season and spent 13% more than they did last year.
According to CNNMoney.com, favorite stores for this holiday season included department stores (Macy's and Kohl's), clothing chains such as Gap and Abercrombie & Finch, and anything with the Apple logo. Even with the rough economy, Santa certainly came to town in a big way this year.
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