Reported about 9 hours ago
Retailers are looking forward to Black Friday to rejuvenate demand among budget-conscious consumers who are cautious about spending. While some chains like Walmart and Gap posted quarterly gains, shoppers are focusing their budgets more on essentials rather than discretionary items. Overall spending on clothing has decreased, but retailers are hopeful that upcoming holiday sales will revive purchasing trends despite ongoing inflation concerns and potential new tariffs affecting imported goods.
Source: YAHOO