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Retailers ready to kick off unofficial start of the holiday season just as shoppers pull back

  • Retailers are starting the holiday shopping season with discounts and other incentives.
  • Quarterly results from retailers like Walmart and Best Buy show a weakening consumer, with shoppers cutting back and trading down to cheaper items.
  • The National Retail Federation expects a 3% to 4% increase in holiday sales compared to last year, but shoppers are focusing on deals and waiting until the last minute to buy.
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Bias Distribution

  • 58% of the sources are Center
58% Center
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abc News broke the news in United States on Wednesday, November 22, 2023.
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