Survey: Majority of Holiday Shoppers Hesitant to Spend More Amid Inflation
The CNBC All-America Economic Survey reveals that only 16% of holiday shoppers plan to increase spending this season due to rising prices. Participants reported that gift prices are significantly higher compared to last year. This shift in consumer sentiment could impact overall holiday sales and retail strategies. Retailers must adapt to these changing spending habits. Understanding economic trends can lead to more effective marketing and inventory decisions. Stay tuned to consumer behaviors as the season unfolds.
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