Holiday shopping seen solid, despite inflation | CNN Business

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Holiday shopping isn’t what it used to be. But many Americans are still expected to spend on Black Friday, and into the season.

Mastercard projects that sales will grow 15% on Black Friday compared with last year. Spending will be driven by shopping in stores, which was more muted last year due to a winter Covid-19 surge. In-store sales will grow 18% this year, Mastercard estimates. “Expect Black Friday shopping to be in full force across channels this year,” Steve Sadove, senior advisor for Mastercard, said in a news release.

Shoppers are once again expected to buy around key holidays like Black Friday and also buy later in the season, hoping to land deals. “Shoppers purchasing behavior appears to be more closely timed to holiday dates,” Dollar Tree\n \n finance chief Jeffrey Davis said on a call with analysts this week. This year, inflation has squeezed many shoppers’ budgets.

 

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Democrats act like there ain't bargains every day?

Ämerican families are doing it tough' but splurge on Black Friday 'bargains' they didn't need. Tells you something.

Media on tv telling us costs are high blah blah blah. Then I go out into world and folks are shopping and spending. Grocery stores giving big bargains. Confusing I must say.

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Most Americans are skipping Black Friday for Small Business Saturday, economists sayHoliday shoppers are warming up to the idea of investing in small mom-and-pop shops in their local community. If you were at any Target or Best Buy yesterday, you would see that this is not true. Fake news
Source: cbschicago - 🏆 546. / 51 Read more »