US holiday sales to grow at a slower pace this holiday season

Explore stories from Atlantic Canada.

299 Queen Street West and the golden era of MuchMusic | SaltWire - U.S. holiday sales are expected to see a modest rise compared to last year, data from the National Retail Federation showed on Thursday, as Americans turn more cautious during the all-important holiday season amid tightening household budgets.

Shoppers are taking calculated steps before splurging this holiday season as high fuel and food prices wipe out their household budgets, which is starting to see an additional hit of student loan repayments. NRF's gloomy expectations for the two months echo a similar forecast from Deloitte that sees holiday sales in the United States rise at their slowest pace in five years as consumers purchase items and prioritise necessary products needed for day-to-day requirements.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TOM URBANIAK: Love your neighbour. No exceptions!Explore stories from Atlantic Canada.
Read more »

Jury orders Mitsubishi to pay $977 million over crash involving defective seatbeltExplore stories from Atlantic Canada.
Read more »

Italy's economy stagnates in Q3, but inflation slows sharplyExplore stories from Atlantic Canada.
Read more »

Sydney Mines KOC continues to give back despite fire setbackExplore stories from Atlantic Canada.
Read more »

Nordic countries to cooperate more on returning migrants to countries of originExplore stories from Atlantic Canada.
Read more »

Armed militants kill police officer, ambush security convoy in India's ManipurExplore stories from Atlantic Canada.
Read more »