Reported 1 day ago
During the 2024 holiday shopping season, spending rose 3.8% compared to the previous year, despite higher costs for groceries and necessities. This growth surpasses last year’s 3.1% increase, driven by online sales, particularly during major promotional periods. Retailers faced challenges due to a shorter shopping window and economic pressures, yet consumers showed eagerness to spend, focusing on value. Although spending on clothing, electronics, and dining increased, overall sales in stores faced some caution, reflecting a complex economic climate.
Source: YAHOO