Holiday sales growth is expected to be sluggish this year as shoppers continue to get squeezed by sticky inflation. However, business is still projected to flourish at the tail end of 2023 for four of our Club portfolio companies tied to the financial health of the U.S. consumer. Americans are being pressured this year due to ongoing inflation, stemming from higher energy and grocery prices, leaving them with less income for discretionary purchases.
People carrying shopping bags exit a retail store during the holiday season in New York City, December 15, 2022.Holiday sales growth is expected to be sluggish this year as shoppers continue to get squeezed by sticky inflation. However, business is still projected to flourish at the tail end of 2023 for four of our Club portfolio companies tied to the financial health of the U.S. consumer.