With recent reports that consumer confidence was down in September 2009, many retailers are trying to get back on the consumers' good side with early holiday specials. By offering some deals that offer cash back for spending in the coming months, consumers may come away with more than gifts for the holidays - they'll also have some extra cash.
The economy has definitely fluctuated in the past year; however, in recent months, we've seen more ups than downs. For instance, the stock market just saw its best quarter since 1998, U.S. consumer spending hit an 8-year high (thanks to Cash for Clunkers), and corporate layoffs hit an 18-month low. Prior improvements similar to these even led Bernanke to officially mark the end of the recession.
But while we see improvements in numbers, individuals are still hit with a difficult financial reality. And with the holiday season now on the horizon, consumers are biting their nails harder than ever with the prospect of spending even more money for food, presents and trips.
It is for this reason that some retailers have come up with innovative ways to help consumers save. Here are a couple to consider:
- Sear's Christmas Club Program - By signing up before Oct. 31, members will receive 3% rebate based on value of account on Nov. 14. Money must be added to Sears card to participate. The card can be used at Sears, Kmart, The Great Indoors, Lands End, and MyGofer.com.
- Macy's Thanks for Sharing Program - After becoming a member of Macy's Star Rewards Program and paying $25 ($10 of which goes to charity), you will receive a 10% rebate on all purchases made between Sept. 19 and Dec. 31. The rebate will be mailed in the form of a gift card in February 2010.
While these pre-holiday deals won't solve all financial woes, they may provide a bit of hope to consumers who were looking for some relief as they calculate their holiday budgets.