Fewer people will be buying gifts this holiday season, but that's not stopping folks from making their own gifts. From homemade hats to specialty knick knacks--the arts and crafts market could see a jump in sales this year.
Michael's Stores Inc. says a customer survey showed that more than half of its participants plan on making gifts rather than buying. And local experts agree that there could be more do-it-yourselfers this year than years past.
Bruce Hagan, a local Certified Financial Planner said, "I think that expectations will be a little lower this year and I think you can exceed those expectations in terms of thoughtfulness as opposed to a monetary amount."
Craft stores have not yet seen a boost in sales, for example, Jo-Anne Stores Inc. reported sales down by 1.5 percent in the third quarter.