$25 Or Under Gifts That Say 'I Thought About You'
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LISA A. FLAM
NEW YORK (AP) — This gift-giving season, $25 and under is the place to be. The economy is slowly recovering, yet consumers remain nervous, leading retailers to offer more items for $25 or less, experts say. "A few years ago there was no price barrier for most retailers and most consumers," said Kathy Deane, president of the New York-based retail consultancy Tobe. "Now consumers are looking for value. This is the year of $25 and under gifts." In the past, stores and malls focused on presents less than $50 or less than $100, said Marshal Cohen, chief industry analyst at market research firm NPD Group. "This year, the $25 price point really has resonated," said Cohen. It's what most people will spend for stocking stuffers or gifts for people outside their immediate family, he said. "That's the magic price point line which retailers recognize is their target zone," he said. "Twenty-five dollars buys someone a gift that says, 'I thought about you.'"- Loading Comments...
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