Reported about 13 hours ago
On the final shopping day before Christmas, JLL's Naveen Jaggi highlighted a trend in US consumer behavior, revealing that shoppers are expected to spend about $1,449 on gifts this year. He noted a shift towards a value-oriented approach, with retailers like Walmart and Target attracting customers seeking bargains. Despite changing patterns, Jaggi expressed optimism about the retail sector's resilience and future growth, particularly for department stores.
Source: YAHOO