SOURCE: Expotv.com

November 26, 2008 11:28 ET

Expotv.com Uncovers Shifts in Holiday Shopping Habits Due to Economic Downturn

Expo Video Contributors Report Scouring for Deals Online, Setting Budgets and Narrowing Recipient Lists This Holiday Season

NEW YORK, NY--(Marketwire - November 26, 2008) - Today, www.expotv.com unveils insights from its community of smart shoppers on how the economy is affecting shopping habits for the holiday season. With the holidays quickly closing in, consumers are flocking both online and locally to find the best deals for their money and are sharing advice and recession concerns with their peers.

Expo recently asked its community to answer the question "How is the economy affecting your shopping this holiday season?" and it has sparked a large discussion among consumers worried about the economy. With Black Friday and Cyber Monday right around the corner, consumers are starting to move online to take advantage of free shipping and handling offers, looking for sales and shopping more locally when not online.

Consumers are becoming more thrifty and careful about their shopping decisions by researching their purchases ahead of time and trying to get the most for their money. Members are passionately sharing their stories on how the so-called recession is affecting how they shop in every way from setting a budget to waiting for last minute sales and deals to avoiding any holiday splurges. Some parents are shortening the list of friends and family they are buying gifts for this year and also trying to be more creative with items such as crafts and baked goods.

"What better way can our community help each other out than by offering tips on saving money when times are tough? As the only consumer video platform, Expo becomes a safe place where consumers can share personal stories, ideas and thoughts about this holiday season with each other," said Daphne Kwon, CEO of Expo.

To hear how more consumers from across the country talk about how the economy has changed the way they shop this holiday season check out: http://www.expotv.com/How-is-the-economy-affecting-your-shopping-this-holiday-season/t1fKu/b6

About Expo

Expo is the first video-based community specifically created for consumers to share shopping experiences, celebrate the brands they are passionate about, discuss the products they buy and get paid for their unbiased opinion. This fast-growing community has created the world's largest catalog of nearly 300,000 video product reviews covering everything from shampoo to cell phones to hybrid cars. Expo provides marketers with a platform to safely navigate the new world of social media by engaging with brand fanatics in a more authentic conversation. Expo's videos are available online at www.expotv.com and are distributed through partnerships with the world's largest portals including Yahoo! Video, AOL, Google and YouTube; to leading ecommerce destinations like Smarter.com.

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