MONEY & LIFE

The Winter Holiday Shopping Is About To Start

By: James Flippin · August 16, 2023 · Reading Time: 2 minutes

Tinsel Takeover

Brace yourselves — winter holiday shopping is about to kick off.

“Christmas Creep” describes the phenomenon of retailers selling holiday products weeks ahead of their respective seasons. If it seems like it comes earlier every year, it’s not just you. Many major retailers have already announced that Christmas products will already hit the shelves by Halloween.

Retail Wonderland

Lowe’s (LOW) and Home Depot (HD) have both declared they’ll be decking the aisles earlier than previously this year.

Lowe’s announced this week that it has started selling Christmas-themed items online, making it almost late to the game. Rival Home Depot started selling holiday merch online last Thursday.

Additionally, Amazon (AMZN) announced a special sale for Prime Members in October to kick off the holiday season. With the big names leading the trend, other brands are expected to follow suit.

Christmas Creep

There are two main reasons Christmas is creeping in earlier each year.

Holiday shopping has historically been confined to the post-Thanksgiving Black Friday exuberance. But Black Friday’s dominance has been fading for years, initially due to the rise of ecommerce and further fueled by the pandemic. With its popularity fading, many companies now choose to spread deals throughout the fall to avoid supply bottlenecks.

Retailers also know shoppers are still reckoning with high inflation. Earlier deals enable consumers to spread out their purchases and avoid taking a major hit to their budgets within a single month.

So while it might make you cringe to see holiday items on sale in October, it could be easier on your wallet.

Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Check it out


Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS23081603

TLS 1.2 Encrypted
Equal Housing Lender