Holiday sales expected to increase this year, but shoppers will lean on savings and credit to afford gifts | CNN Business

Families may not skimp on holiday gifts for their loved ones this year, but they’ll likely slim down their list of recipients, turn to credit cards and dip into savings to afford them, according to an industry forecast Thursday. So who will be on the list? The kids, the grandparents, the babysitter. Maybe your favorite aunt or uncle. That’s about it.

Holiday online are forecast to increase between 10% and 12% to between $262.8 billion and $267.6 billion, up from $238.9 billion in 2021, the group said. Shay added that retailers have done a good job kicking off the holiday season earlier than usual this year, in some cases rolling out some Black Friday-like promotions in early October. This has helped jump start holiday sales ahead of schedule and could support more sales increases in coming weeks..

Just in time for the mid terms

Now that everything is crap, I'm not buying anything.

And limited inventory

This is shorthand for: 'We've been pricegouging all year and now you can have normal price, for Christmas, as a treat'

Do you report accurate news anymore?

But, inflation

Yeah, thanks to Biden

Nah, I’m not going shopping this year. Everyone in my family is receiving $96.

I DID THAT!

Why is that CNN ? You said there is no inflation or recession?!

Stop the wining! Life will go on. I the whol we are very lucky😎

I wonder why since our economy is doing so well according to Biden

But I thought the economy was AMAZING! Now that your all broke go buy an electric car lol.

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