Holiday gift card spending will drop 5.6%
Fewer people plan to purchase gift cards
Consumers plan to spend an average of $147.33 on gift cards this holiday season
Total holiday gift card spending expected to reach $24.9 billion
72% of consumers have completed 10% or less of their holiday shopping
Clothing, books, CDs, video games and DVDs among top holiday items
41.5% of consumers plan on using their debit/check card to purchase holiday merchandise
New site features include robust comparison shopping engine and Deal of the Hour promotions
Site has more than 600 retailers selling over 20 million products
All Shop.org proceeds from the site benefit the Ray Greenly scholarship fund
More retailers are loosening their return policy this holiday season
Returns as a percentage of sales are on the rise
Retailers are getting a handle on return fraud
Return fraud will cost retailers $3.5 billion this holiday season and $11.8 billion this year