CHICAGO — More than one in four (26%) consumers plan to spend less on holiday gifts this year; 16% will reduce spending on celebration-related food and beverages; and 11% will lower their budgets for holiday beer, wine and spirits, finds SymphonyIRI Group’s “Holiday Shopping 2011” report. When it comes planning celebrations, 71% will spend the same on their holiday meals as they did last year, but many will leverage cost-saving strategies. Nearly eight in 10 (79%) ...

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