Reported about 9 hours ago
Retailers approach the holiday shopping season with cautious optimism, despite shoppers planning to limit their spending due to economic uncertainty. The National Retail Federation predicts a modest 3.5% increase in spending, the slowest growth in six years. While consumer sentiment has improved slightly with falling inflation and interest rates, shoppers remain skeptical about future economic conditions, influenced by uncertainty surrounding the incoming presidential administration and potential tariffs. Retailers are already offering significant discounts, anticipating a tighter holiday shopping season.
Source: YAHOO