Women are planning to spend less according to two surveys released today.

In a survey by the Marketing to Moms Coalition, moms plan to cut spending on holiday gifts. Offline is expected to be hit the hardest, with an 8% drop over last year. Online will decline by 2%.

* 87% of moms plan to shop at big discount retailers like Wal-mart and Target
* Department stores come in second at 37%.
* Shoe and specialty clothing retailers come in third at 35%.

Women Plan to Spend Less this Holidays, First Cuts Going to Themselves