In a notable shift in consumer behavior, fewer Americans participated in shopping activities during the Thanksgiving weekend of 2024, signaling a trend of selective spending amidst ongoing economic pressures. According to the National Retail Federation (NRF) and Prosper Insights & Analytics, an estimated 197 million shoppers engaged in either in-store or online purchases from Thanksgiving […]
US Retailers Import Fewer Christmas Goods Ahead of Tepid Holiday Season
As the holiday season approaches, a significant shift is evident among US retailers regarding their inventory strategies. Data shows that imports of holiday products, including popular items such as Christmas trees, toys, and decorations, have markedly decreased this year. Major retailers, notably Walmart, are importing considerably less than in previous seasons, reflecting a cautious approach […]
Online Holiday Spending Projected to Rise 8.4%, Most Since 2021
As the holiday season approaches, digital wallets are poised to become significantly fuller this year. According to Adobe Inc., U.S. consumers are expected to spend a remarkable $240.8 billion online in November and December, marking an 8.4% increase from last year’s figures. This growth signals not only the resilience of e-commerce but also a shift […]