More New Yorkers will buy less expensive, more practical gifts online this holiday season.
A Siena poll relased Monday found 51 percent of New York residents will spend over $500 on gifts this holiday season, down from 56 percent last year. Instead, 28 percent of residents will spend less than $300 on gifts this year, up from 23 percent last year.
National retailers such as Walmart, Target and Sears have predicted weak holiday sales this year.
The study finds New Yorkers aren’t buying stores’ attempts to lure their business on Thanksgiving Day instead of through the Black Friday sales.
On Thanksgiving Day, 8 percent of shoppers without children and 14 percent with children planned to be in stores when they open on Thursday. The amount of shoppers who think retailers should not be open on Thanksgiving Day is up 10 percent from last year, to 64 percent.
The poll found nearly two-thirds of residents polled planned to shop online for gifts this season, up from 56 percent last year.