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ATTACKS WON'T SPOIL HOLIDAYS SHOPPERS SAY THEY EXPECT TO STAY IN A GIVING MOOD.


Byline: Brent Hopkins Staff Writer

Despite war anxiety and weak economy fears, American consumers plan to spend about the same amount of money shopping this holiday season as last, surveys released Monday show.

Retail sales in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  area actually increased in October, and a survey by the Credit Union National Association and the Consumer Federation of America The Consumer Federation of America (CFA) is a non-profit organization founded in 1968 to advance the consumer interest through research, education and advocacy.

According to CFA's website, its members are approximately 300 consumer-oriented non-profits, which themselves have
 found that shoppers - particularly families and young adults - intend to spend the same amount, more or less, this holiday season by cutting down in other areas if necessary.

``People worry about their jobs, and maybe they don't buy a new car, but they don't cut back on their holiday spending,'' said Bill Hampel, the credit union group's chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the .

``In a crisis, they want to spend time with their families, and the holiday spending is not dropping like we figured it would.''

Retailers welcomed the survey as a hopeful sign, and a variety of people interviewed in the San Fernando Valley San Fernando Valley

Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills.
 reflected the attitude that it's important to keep up family traditions and to maintain a sense of normalcy nor·mal·cy  
n.
Normality.

Noun 1. normalcy - being within certain limits that define the range of normal functioning
normality
 during the holidays despite the worries of the day.

``I've got a big family, so I've got to take care of them,'' said Andre Martyros, a Burbank car salesman.

With consumer confidence flagging and security-related jitters jitters 'Butterflies' Psychology An episode of nervousness or anxiety that often precedes a public event; jitters is a type of performance anxiety which may affect actors in a stage production–stage fright or soloist musicians; it may respond to anxiolytics  making the future uncertain, the 24-year-old isn't panicking. He spent $2,000 on holiday gifts last year and, though the economy looks tighter now, he plans to spend about as much this year.

``I try and cut costs,'' he said. ``So maybe I'll spend a little less on the in-laws, but for everyone else it'll be the same.''

That spells good news for local retail outlets. Though the crucial holiday season is still in its first moments, things are looking good at the Northridge Fashion Center Northridge Fashion Center is a large shopping mall located in Northridge, California. It opened in 1971. It was severely damaged during the Northridge Earthquake in 1994, but renovated extensively in 1995 and 1998. .

``If the first few days of the month are any indication, it looks like things are getting back to normal,'' said Joey Char, the mall's marketing manager. ``All things considered All Things Considered (ATC) is a news radio program in the United States, broadcast on the National Public Radio network. It was the first news program on the network, and is broadcast live worldwide through several outlets. , we're cautiously optimistic. November is starting well, and October ended on a positive note, so things are looking pretty good.''

Brian Derro Derro may refer to:
  • Derro (Dungeons & Dragons), a race in the Dungeons & Dragons role-playing game.
  • An Australian slang term, see Bogan.
  • Derro
, an analyst for Countrywide Credit Industries in Calabasas, feels his own job is secure, and he plans to be generous once he hits the stores for holiday shopping.

``My financial situation is the same as last year, and my job's pretty stable, so I don't want whatever else is happening to get in the way of the holidays,'' he said. ``I haven't had to cut down too much, so I'll spend the same this year.''

Mike Hashemi, a Woodland Hills media buyer, said he'd fork over $1,000, the same as he did last year, regardless of talk about an unstable economy.

``There's no need to panic,'' he said. ``I don't see why we should spend less. This hasn't affected my life in any way.''

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 consumer surveys, 57 percent of consumers plan to keep their holiday spending in line with last year's.

Of those surveyed, 28 percent said they are likely to spend less this year - 4 percent more than said so in 2000. Conversely, 13 percent said they will spend more this year, while that's what 18 percent said in 2000.

Hampel said the survey provides a strong indication that holiday retailers might fare better than first expected.

``I think that, of all kinds of spending, holiday spending might be one of those types that people cut back on last,'' he said.

``We've just been hit with a terrible external terrorist threat, so part of this response may be patriotic - to show that we can go out and spend for Christmas, to show that our spirit is indomitable in·dom·i·ta·ble  
adj.
Incapable of being overcome, subdued, or vanquished; unconquerable.



[Late Latin indomit
.''

Thus far, retail sales are hovering in positive-growth territory. Check acceptance firm TeleCheck reported same-store sales in Los Angeles were up 2 percent for October. This is significantly above the national average of 1.4 percent, said the Houston-based firm's senior economic adviser, Bill Ford.

``We have an indication that there's quite a bit of shopping going on out there,'' Ford said.

``The employment figures are a little bit rosier than in the rest of the nation. There's some relief from the electricity triple whammy wham·my  
n. pl. wham·mies Slang
1. A supernatural spell for subduing an adversary; a hex: put the whammy on someone.

2.
 now that fuel's going down, so people have a little bit more change in their pockets to spend.''
COPYRIGHT 2001 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Article Type:Statistical Data Included
Date:Nov 6, 2001
Words:716
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