Big-Ticket Item

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Big-Ticket Item

An expensive retail good. A big ticket item may be regarded as a necessity for an individual or business. For example, a farm generally must purchase big ticket items like tractors. Big ticket items are ordinarily bought on credit, with the buyer making periodic payments.
References in periodicals archive ?
With the cost of living set to rocket in 2017, savvy shoppers aim to cash in on a stack of savings on big ticket items such as TVs and home appliances.
Other big ticket items in this series include a Second World War boat.
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.
A balance of 2% of retailers said sales volumes fell in the first two weeks of June - the first decline for a year - as anxious consumers cut back on clothing, groceries and big ticket items, the CBI's monthly retail trends survey found.
Big ticket items such as a holiday or car were the reasons 42% of Welsh households saved.
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.
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.
In the US, consumers continue to buy homes and other big ticket items, fueled by the tax refunds, raising the question of whether, over time, households will have the ability to service their debt if unemployment numbers don't begin to decrease.
The ones that are hurting are the big ticket items, so we've benefited all around from the new focus.
And with big ticket items like refrigerators, dishwashers and personal com- puters heavily bought on credit, retailers of consumer electronics/appliances will be both optimistic and cautious in an industry that should generate sales of $114.