Consumers’ Spirits Raised by Holiday Shopping Experience, Survey Finds


Does shopping help to put you in a holiday spirit? If so, you may be far from alone in feeling this way, says Victory State Bank, Staten Island’s only community-based business bank, pointing to a recent poll.

According to the second annual holiday shopping survey by appliances and electronics retailer hhgregg (NYSE: HGG), more Americans this year are eager to sample holiday sales. Fifty-one percent said they love to experience the excitement around Black Friday sales, up from 45 percent last year.

Millennials are particularly fond of Black Friday, the poll found, with more than two-thirds saying it gives them a rush; only 40 percent of Millennials said so last year.

It doesn't end with Black Friday either: Thirty-seven percent of Americans, and 58 percent of Millennials, say they get no work done on Cyber Monday because they spend all day online shopping.

Among the survey findings:

§  The majority of Americans (70 percent) begin planning their shopping list at least one month before the holiday, and women (79 percent) are significantly more likely than men (61 percent) to begin planning their shopping list at least one month in advance.


§  Nearly eight in 10 (79 percent) Millennials say they create a holiday wish list, compared to 57 percent of Generation Xers and 38 percent of Baby Boomers.


§  When shopping for holiday gifts for others, 62 percent of shoppers prefer keeping their lists on paper rather than electronically (38 percent)



About Victory State Bank

VSB Bancorp, Inc. (OTCQX: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at


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