Christmas sweaters will be in style this holiday season

Christmas sweaters will be all the rage this holiday season as many shoppers reported plans to spend more on clothing this year versus last, according to the latest Consumer Snapshot from GlobalData Retail.

“Notably, holiday apparel is a winner this year, with 47.1% of shoppers saying they will spend more on clothing for the festive season than they did last year,” Neil Saunders, GlobalData Retails’ managing director, said in a note. “This caps a good year for apparel.”

Overall, the strong economy has consumers feeling confident, with 59.3% of respondents saying their personal finances are in better shape compared with this time last year.

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