Holiday shoppers forecast to spend 11% less than last year
The combined pressures of inflation and higher interest rates are weighing on shoppers' willingness to spend and retailers' profits. Read on
Source: financialpost.com
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Canadian retailers face slower holiday shopping season due to economic pressures
Santa is hearing Christmas wishes from children at malls adorned in holiday regalia, stores are teeming with eggnog and gingerbread treats and a barrage of marketing campaigns are promising the perfect gift is just one credit card swipe away.
Source: cp24.com
Weak economy looms over holiday shopping season as consumers seek value: retailers – Winnipeg Free Press
Breaking News, Sports, Manitoba, Canada
Source: winnipegfreepress.com
Weak economy looms over holiday shopping season as consumers seek value: retailers – Ottawa Business Journal
Among the usual trappings are new factors that could shake up holiday shopping, the busiest season of the year: inflation, and the high interest rates the Bank of Canada has imposed to fight it.
Source: obj.ca
Canada economy: Consumers seek value in holiday shopping
Santa is hearing Christmas wishes from children at malls adorned in holiday regalia, stores are teeming with eggnog and gingerbread treats and a barrage of marketing campaigns are promising the perfect gift is just one credit card swipe away.
Source: ctvnews.ca