Business and News from The Golden State
By DONNA BALANCIA
Remember the days when people used to make Christmas tree ornaments?
Today, expect that more than half of the ornaments on the typical Christmas tree – and the tree itself – are not made in America, but instead, in a Chinese factory.
The retail market for seasonal decorations has expanded into a $24 billion a year business, and it is growing at a rate of roughly 6 percent a year and most of that cash is going straight to China, according to reports.
Time-crunched Americans, who are spending more than ever – and getting less for their dollar, continually turn to big-box retailers for holiday decorations. Giant discounters like Wal-Mart and Target – filled with Chinese goods – dominate the U.S. retail market. There is no end in sight to demand as domestic consumers rate price a more important factor than quality, reports indicate.