Posted 11/22/2023, 11:00:00 AM
Holiday Shoppers Expected to Spend Big Despite Economic Concerns
- Consumer spending expected to reach record highs between $957B-$966B this holiday season
- Consumers have $3 trillion more in savings compared to pre-pandemic
- There are concerns around sales volumes, theft, interest rates and credit card debt
- Organized retail theft targeting easy to steal & resell items in certain cities
- Retail industry experts are bullish about inventory levels and sales for Black Friday