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US holiday sales set for slowest year since 2018 as consumers turn frugal

Holiday sales in the United States are estimated to grow at their slowest pace in five years, according to a report released on Wednesday, as dwindling household savings and worries over the economy prompt consumers to spend judiciously. Sales across physical stores and online channels are expected to rise by 3.5% to 4.6% between November and January, for a total of $1.54 trillion to $1.56 trillion, according to Deloitte. That compares to a 7.6% increase in 2022, Deloitte said, when high infla...
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Source: yahoo.com

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