Holiday spending to increase; experiences rising as popular gift optionConsumer spending is expected to rise 8% this holiday season, according to new data from Deloitte. Deloitte forecasts slower holiday sales growth Retailers can expect moderate sales growth this holiday season. Deloitte: The number one driver for food purchases is… A number of factors influence consumer food purchase decisions, but one in particular stands out. Deloitte: Back-to-school shoppers focused on value over retailer loyalty Back-to-school shoppers have different priorities this year — including buying used items. Deloitte: AI to drive 'hyper-personalization' in luxury retail Luxury fashion retailers are deploying artificial intelligence (AI) to personalize customers shopping experiences. Deloitte: Consumers value price over loyalty in 2024 Inflation has left its mark. Deloitte: Black Friday-Cyber Monday spending will rise 13% New data indicates retailers will have a lot to be thankful for during the upcoming Black Friday-Cyber Monday (BFCM) shopping events. Deloitte: Holiday sales expected to increase 3.5% to 4.6% Retailers can expect some growth this holiday season, but it will be slower than last year amid moderating inflation and a decrease in pandemic-era savings. Deloitte: Retail’s three hot-button issues — and biggest challenge — in 2023 are … The retail industry should expect more of the same — constant change — in 2023. 1
