Holiday retail sales are likely to rise between 2.3% and 3.3% in the November 2024-January 2025 period, totaling up to $1.59 trillion, data report said, from...
- U.S. holiday sales are expected to grow at their slowest pace in six years, data from Deloitte showed on Thursday as persistent inflation and dried up savings turn shoppers more frugal for the all-important shopping period.
In-store sales are expected to rise between 1.3% and 2.1% to up to $1.3 trillion in the upcoming holiday season, compared to a rise of 3.1% to $1.27 trillion, a year ago."Rising credit card debt and the possibility that many consumers have exhausted their pandemic-era savings will likely weigh on sales growth this season compared to the previous one," said Michael Jeschke, leader of Deloitte Consulting's Retail & Consumer Products.
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