Holiday shopping surges, flexing strength of US economy

1 day ago · The shopping surge was most pronounced online, where spending grew 6.7% compared to the same period last year, the data showed. While the overall spending reflects the health of U.S. consumers ...

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Holiday Shopping Surges, Flexing Strength Of US Economy

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Holiday Shopping: High Inventory Means Big Discounts, Inflation …

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Amazon’s two-day Prime Day event, which started Tuesday, will set the holiday sales pace in terms of consumers’ spending mood as well as the amount of timing of discounts, analysts say. The company's 48-hour July eventsaw spending of $11.9 billion, up 8.5% year-over-year, and boosted average U.S. online revenue by 141% compared with an average June...

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Holiday Shopping Statistics For 2024: The Season Started With

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Dec 9, 2024 · The official holiday season kicked off on November 1 and, so far, has been a resounding success. According to Adobe Analytics, consumers spent $77.4 billion online from …

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Consumers Start Holiday Shopping Early, But High Prices On

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Oct 7, 2024 · In a survey by ESW, 61% said they’ll spend more than $600 this holiday season, compared to 48% last year. Of the people who are spending less, about 47% said the high …

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How Retailers Prepped Their Supply Chains For 2024’s Holiday Crunch

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Dec 5, 2024 · Walmart was not alone in experiencing improved sales performance as the holidays approached. Retail sales grew 2.8% year over year on an unadjusted basis in October, per the …

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Why Many Holiday Shoppers Say They Don't Plan To Spend More

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Sep 22, 2024 · Holiday deals: Shop this season’s top products and sales curated by our editors. In a new study released this week, Gartner Inc. said 32% of consumers say they were going to …

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FAQs about Holiday shopping surges, flexing strength of US economy Coupon?

Are shoppers focusing on value this holiday season?

Many shoppers focused on value this holiday season, retailers and experts said. (Kena Betancur/Getty Images) Shoppers snapped up sweaters, smartwatches and skin-care sets, among other things, as they chased discounts and deals to drive a stronger-than-expected holiday season for retail, according to Mastercard. ...

Why do retailers splurge during the holiday season?

Adding pressure for retailers is inflation-fatigued shoppers' reluctance to splurge unless they get good deals. "With fewer days to shop, consumers are more likely to make spontaneous purchases, contributing to retail growth during the holiday season," said Marshal Cohen, chief retail adviser at Circana, a research firm. ...

Why do retailers expect a slow growth in holiday season sales?

On the whole, retailers anticipate the slowest growth in holiday season sales since 2018 as shoppers continue to wrestle with high prices. Shoppers are more likely to make only selective holiday-related purchases rather than splurge. ...

Which retailers have a good holiday season?

But certainly some will come out on top. Retailers like Walmart and T.J. Maxx entered the holiday season on strong footing, drawing shoppers into their stores with low prices and surprising finds. ...

Can inflation fuel a good holiday shopping season?

A woman looks at holiday ornaments at a pop-up holiday shop in New York City, on November 21. “Consumers may feel really bad about the inflation; but when push comes to shove, for many of them, they have the income, the spending power that can fuel a pretty decent holiday shopping season,” he said. ...

Why do people splurge on holiday gifts this year?

It was a holiday season of the haves and the have nots. Inflation-weary consumers were projected to splurge this year on holiday gifts, food and decorations—fueled by online purchases, according to industry estimates. But the gains were increasingly driven by higher-income households, those making more than $100,000 a year. ...