Kidding! Kidding! Just don't expect anything too blingy this year: "More than half—59%—of the 752 New Yorkers polled plan to spend less this holiday season, a sharp increase from 39% in 2007. Overall holiday gift spending is expected to be down 10% from last year, to $650." The popular strategy: Get all the shopping out of the way at H&M and Forever 21. [Crain's] For more stories from Racked, go to racked.com.
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