US Holiday Sales Grow at Slowest Pace Since 2018
Thursday, 12 September 2024, 00:49
US Holiday Sales Forecast
US holiday sales are set to grow at their slowest pace since 2018, with Deloitte's data highlighting significant economic challenges. Persistent inflation has led to consumers reevaluating their spending habits.
Main Factors Influencing Sales
- Inflation: Ongoing price increases are affecting consumer confidence.
- Depleted Savings: Many shoppers have seen their savings dwindle.
- Frugal Spending: Increasingly, shoppers are prioritizing needs over wants.
Consumer Trends
The decline in sales growth suggests a notable shift in consumer behavior as economic conditions grow more challenging. Shoppers are expected to focus on essentials rather than luxuries this year.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.