Reported about 6 hours ago
The National Retail Federation forecasts a robust holiday shopping season in 2025, projecting a 3.7% to 4.2% increase in sales, reaching up to $1.02 trillion, despite economic uncertainty and consumer caution regarding prices. Retail sales data from last year showed $976 billion in holiday spending. While growth is anticipated, it's expected to be slower compared to previous years. Factors such as the ongoing government shutdown and widening economic disparities are also affecting consumer spending behavior.
Source: YAHOO