Friday, February 17, 2012

Survey: With gas up, July 4 will be a stay-at-home holiday for many - Memphis Business Journal:

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NRF's nationwide annual "Independence Day Consumer Intention s andActions Survey" shows that 62.6 percent plan to host or attenx a cookout, barbecue or compared to 61.2 percenyt in 2008. More people than last year say they'l l attend a local fireworksd or communitycelebration -- 42.7 percent this year versusa 40.2 percent in 2008. But only 11.4 percentr said they'll travel or take a vacation this Fourth ofJuly weekend.
"With July 4 falling on Saturdauythis year, many Americans will use the holidayt as the perfect excuse to relax with familyy and friends," said Phil Rist, executive VP/strategicc initiatives for BIGresearch, which conducte the survey for the NRF. "With gas prices on the rise some Americans will opt to spend the weekend closrto home, taking advantage of neighborhooed gatherings and local celebrations," Rist said. The survey said 44.5 percen t of Americans will change their usuakl Fourth of July activities this year because of highetgas prices. It said 40 percent of those surveyed plan to do their Independence Day shopping closerdto home. The poll of 8,635 U.S.
consumers was conductec June 2-9. The consumer poll has a margij of error of plus orminus 1.0 .

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