"Buying conditions for big ticket items
is less favorable for the current quarter (fourth quarter 2018) while buying intentions is broadly steady in the next 12 months," the study said.
CAMPI president Rommel Gutierrez said the double-digit decline in sales was due largely to consumers' decision to prioritize the purchase of basic goods and services as buying big ticket items
like motor vehicles is less favorable at this time due to rising inflation.
He examines wartime prices, advertising, and buying and selling big ticket items
, among other topics.
Hundreds of shoppers snapped up bags of half price bargains across big ticket items
such as kitchens, sofas, bedrooms and bathrooms as well as smaller home essentials including kettles and toasters, bedding and bathroom accessories.
Coastal Federal Credit Union has launched a credit card aimed at helping members finance purchases of big ticket items
such as appliances and furniture.
Continuing with big ticket items
, the company also reported that sales of sofas and beds were up 15%, with curtains and carpets more than 30% ahead of last year, boosted by a 'Delivered for Christmas or its Free' promotion.
Judith McKenna, Chair of the CBI Distributive Trades Panel and ASDA Chief Financial Officer, said: "Consumers are continuing to hold off on purchasing big ticket items
, including durable household goods, preferring to use their hard-earned cash to stock up for Christmas dinner and all important family gifts."
Retailers have confirmed another bleak month of trade as fragile confidence made consumers unwilling to spend money on big ticket items
The latest BRC-KPMG Retail Sales Monitor revealed homeware sales edged up but so-called big ticket items
were still being affected by consumer uncertainty over job cuts and income prospects.
The firm said it was prepared for a period of tighter Government spending, but that efforts to rebalance and restructure the economy was good news, for the bosses believe that deferring indefinitely big ticket items
-as happened in the Thatcher years -would condemn Britain to years of economic misery, whereas moving to a more sustainable, low carbon infrastructure programme would keep the industry solvent.
They will be big ticket items
at the General Election, with the added concerns raised by the current financial crisis.
The company said: "It would appear that our sector continues to benefit from house price inflation through mortgage equity withdrawal with much of the spending being channelled into big ticket items