Reported 7 months ago
As more Americans file for unemployment benefits and inflation weighs on consumers, the upcoming Father's Day is expected to see slightly lower spending than last year. Despite a $22 billion forecast for holiday spending, the job market's state suggests challenges in finding employment, signaling main street versus Wall Street disconnect. Retailers are expected to offer discounts due to ample inventory. Smart shoppers may opt for boat and outdoor tech accessories as gifts, leveraging the softer market and expanding the outdoor tech trend like battery-powered and autonomous lawn care equipment.
Source: YAHOO