As inflation under Biden 'bites' US consumers, former Toys 'R' Us CEO makes dire retail prediction

Former Toys "R" Us CEO Gerald Storch warns that the upcoming holiday season will be very difficult for retailers due to persistent inflation, as consumers face rising prices, interest rates, credit card debt, and student loan burdens.

foxbusiness.com

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8/23/2023

Gloomy U.S. retail outlook dulls hopes of strong holiday season spending

The latest results and forecasts from retailers indicate that U.S. consumer spending is under stress due to increased living costs and existing debts, posing challenges for the retail sector during the back-to-school and holiday seasons.

9/13/2023

Holiday Sales Growth Slowest in 5 Years as Shoppers Face Budget Pressures

Holiday sales in the United States are expected to grow at their slowest pace in five years, as consumers are cautious due to dwindling savings and concerns over the economy, with online shopping expected to be a bright spot.

9/18/2023

Holiday Retail Sales to Grow Slower in 2023 as Inflation Moderates

Holiday retail sales are expected to increase in 2023 despite slowing growth, with inflation moderating and e-commerce playing a significant role.

9/19/2023

Retail Holiday Sales Slow but Steady as Shoppers Splurge on Electronics and Dining Out Despite Economic Pressures

US retail sales, excluding automotive, are expected to rise by 3.7% over the holiday shopping season, indicating a return to pre-pandemic levels of holiday spending, driven by a more normal inflation environment and consumers' willingness to spend on experiences, electronics, and dining out.