Consumers’ Economic Anxieties Could Make for a Challenging Holiday Season for Retailers

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The holiday shopping season perennially holds great significance for retailers, and this impact is heightened in 2023 due to shifting consumer behaviors influenced by economic dynamics and evolving preferences. There are several factors influencing consumer sentiment this holiday season. Our survey clearly indicates that inflation remains a top concern for holiday shoppers and broad U.S. economic indicators give credence to shoppers’ perspectives.

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