S&P: Holiday sales expected to dip below 10-year average to 3%

Quick Summary:

Retailers are likely to keep leaning on promotions and discounts to drive sales as consumers continue feeling the pressure of inflation, according to an S&P Global report.

Holiday retail sales performance will vary by sector, according to the report.

These moves are likely to lead to flat year over year margins for retailers, S&P said.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United States

Topics: Report According Retail Promotions Year Consumers Likely Retailers Holiday Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 10:01:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23588044

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