The holiday shopping season may be less than awesome as inflation squeezes budgets
noted the growing demand for such clothing at the Goldman Sachs Annual Global Retailing Conference last week.
A report by Deloitte, however, estimates stronger e-commerce growth of between 12.8% and 14.3%, which it attributed to budget-focused consumers going online to find deals and compare prices.Even if retailers see stronger sales this holiday season, 92% of executives surveyed by KPMG said they expect a recession in the near future. Eighty-one percent said they believe a recession would last a year or less.
The summer's inventory gluts could also come back to haunt retailers, with 56% percent of executives expecting to be stuck with excess merchandise after the holidays. That could lead to even more discounting.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US mall violence: Grieving mom of man killed, public safety experts weigh in amid spike in shootingsPublic safety experts are weighing in amid growing fears about violence in public spaces, such as malls, following a spate of shootings in parts of the country.
Lire la suite »
US holiday shopping season to likely see slowdown amid inflation stressHigher prices and inflation has caused many to cut back on spending for items that are not essential, which could affect this year's usual shopping rush.
Lire la suite »
Forex Today: Markets Await US CPI DataForex Today: Markets are awaiting key US inflation data which will be closely watched for signs that the Fed is succeeding in bringing down the rate. Markets FOREXNEWS Trading
Lire la suite »
This Under-the-Radar Nintendo Switch Sale Will Save You Before Holiday Shopping Season BeginsWhen you can get a Nintendo Switch for $100 off, you GET A SWITCH FOR $100 OFF.
Lire la suite »