Black Friday Shopping Sales Hopes Are Moderate, at Best – WWD
Negative third-quarter sales trends and modest holiday shopping so far tempers hopes for robust sales gains for the holiday 2023 shopping season.
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Negative third-quarter sales trends and modest holiday shopping so far tempers hopes for robust sales gains for the holiday 2023 shopping season.
Holiday shoppers are expected to spend their way to another record year even with inflation and debt worries overshadowing their expenditures.
Consumers are expected to spend a bit more over Thanksgiving weekend this year compared to last during the unofficial holiday shopping kickoff of Black Friday and Cyber Monday.
U.S. retail sales are expected to grow 3.8% this holiday season, according to the country’s major shopping center body, with discount department stores set to benefit most.
The ICSC, the trade group representing malls, shopping centers, and other marketplaces, is predicting that holiday retail sales will be up 3.8% this year, and that foo...