Reported about 19 hours ago
This year's holiday shopping season is expected to be mixed, with consumers being cautious about spending and seeking the best deals. Walmart has raised its sales and profit expectations, indicating that many customers are still planning to shop, while Target has reported weaker demand for higher-margin products. Analysts predict slow overall growth, attributed to a shorter shopping period and shifts in consumer spending patterns, particularly towards online and mobile shopping, driven by younger consumers. Additionally, external factors such as a recent port strike may further impact retailers.
Source: YAHOO