Reported 19 days ago
According to Mastercard's latest report, US holiday sales are projected to increase by 3.2% this season, aided by retailers' focus on attractive deals to entice budget-conscious shoppers. This follows a 3.1% rise during last year's holiday period. The report emphasizes that discounts have become essential for retailers amid consumer price sensitivity and a shorter shopping period this year. Online sales are expected to surge 7.1% compared to last year, while spending on electronics could rise due to improved affordability. Overall, the forecast reflects cautious optimism ahead of the holiday season.
Source: YAHOO