Shoppers seem to be getting worn out, having to spend more to keep up with rising prices.
Consumers are getting a sinking feeling — and just as retailers start to try to gin up excitement for the upcoming holiday season.
While inflation has come down from its pandemic high it’s been a long stint — since the beginning of 2021 — with elevated prices across the economy. And Hsu said consumer expectations of inflation for the year ahead rose to 4.2 percent this month from 3.2 percent in September. So retailers — particularly those catering to the consumers hardest hit by inflation — are pushing hard and earlier this year. ’s offering thousands of Black Friday deals across our entire assortment,” said Christina Hennington, executive vice president and chief growth officer.
With consumers growing more cautious and deal extravaganzas clearly working, the push for share of budget conscious consumers is growing. ’s product sales grew by 6.5 percent to $63.2 billion in the third quarter, with a boost from its own shopping holiday.
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