From Frank Holmes of U.S. Global Investors:
Last weekend marks the official start of the holiday shopping season in the U.S., so for the next month, consumers will be enticed with daily deals on the latest fads, such as one-cup coffee makers, tablets, flat screens, and cashmere sweaters.
According to the latest survey from the Consumer Electronic Association, about 60% of adults plan to shop in stores or online during the holiday weekend, with the average person indicating they’ll fork over $218 for gifts and merchandise from Thanksgiving through Cyber Monday. This is a sharp increase from 2011, where shoppers said they’d spend $159.
For the ultimate gold lover on your shopping list, one amazing purchase you can nab is a Christmas tree complete with Disney characters and gold leaf ribbons made of 88 pounds of pure gold from a jewelry store in Tokyo, according to Reuters. The ornamental tree will set you back $4.2 million, but there's also a smaller version available for $243,000.
Here are five other amazing consumer trends that are happening around the world.
1. Fifth Avenue no longer the world's most expensive retail location
The New York strip boasting high-end shopping, including Tiffany's, Louis Vuitton, Hugo Boss, and Fendi, has been knocked from its No. 1 position as the retail area with the top rental rates around the world. Hong Kong's Causeway Bay area commands more per square foot than any other place on the globe, according to a report from Cushman & Wakefield, a real estate firm.
Tourists and mainland China residents have been flocking to Causeway Bay to shop at places including Burberry, Coach, and Gucci that are among its Times Square's 230 shops located on 16 floors. Shoppers can also head to Causeway Bay's Fashion Walk, which features local fashion designers and trends catering to a young and fashionable crowd.
2. China set to be...
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