Posted 11/21/2023, 9:00:35 PM
Retailers Face Uncertain Holiday Season as Shoppers Tighten Belts
- U.S. retailers brace for challenging holiday season despite discounts
- Economic demand has slowed recently based on October retail sales
- Retailers kicked off holiday deals early but sales still uneven and hard to predict
- U.S. holiday sales expected to rise at slowest pace in 5 years as shoppers pull back
- While some optimism about Black Friday/Cyber Monday, concerns about falling demand for discretionary goods