Shoppers in New York City during the 2024 holiday season.
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For Holiday Sales, Industry Adopts More Conservative and Cautious View

The outlook on holiday 2025 at retail is dimming. Low midsingle-digit gains are anticipated due to rising prices from tariffs and inflation, declining consumer confidence, economic uncertainties and potential stockouts. Holiday sales will continue to grow, but at a lower rate than last year. In addition, holiday shopping for some consumers began as early as...