Stay updated with breaking news from Beat Box. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
NEW YORK -- Small businesses are stocking their shelves early this holiday season and waiting to see how many gifts inflation-weary shoppers feel like giving. Holiday shopping was relatively strong during the past two years as shoppers flocked online to spend, aided by pandemic stimulus dollars. This year, small businesses are bracing for a more muted season, as some Americans spend more cautiously.
Small businesses are stocking the shelves early this holiday season and waiting to see how many gifts inflation-weary shoppers feel like giving
This year’s submission opened on October 3 and will close on October 31, with adjudication starting on November 1 to 11.
NEW YORK (AP) — Small businesses are stocking the shelves early this holiday season and waiting to see how many gifts inflation-weary shoppers feel like giving.
Forecasts that say holiday sales will rise between 4% to 7%, and with inflation running above 8%, retailers would see a decrease in real sales.