US consumer to spend $728 on holiday shopping in 2006

Consumers said that they think they will have spent about $728, compared with 2005 average of $681. In 2004, they spent about $655 on gifts. NPD forecasts that 65% will purchase clothing, up from 64% a year ago. Toy sales will pick up too, as 47% said that’s what they’ll be buying, compared with 45% a year ago.