Retailers cite sluggish holiday sales season
BOSTON — Massachusetts retailers saw sluggish sales over the holidays and still face pressures from rising labor costs and the lingering pinch of inflation.
Stay updated with breaking news from Jon Hurst. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
BOSTON — Massachusetts retailers saw sluggish sales over the holidays and still face pressures from rising labor costs and the lingering pinch of inflation.
Local small businesses saw the dollar amount in holiday sales increase by slightly more than 1% last year over the 2021 holiday shopping season, well shy of the 4% annual increase the Retailers Association of Massachusetts said is typical.
Slower consumer spending and a stubbornly tough housing market are some of the economic realities we can expect going into 2023, according to experts.
A welcome addition for those trying to make ends meet, but there are some reservations
A welcome addition for those trying to make ends meet, but there are some reservations