Home Business Retailers Anticipate Slower Holiday Season Amidst Economic Uncertainty

Retailers Anticipate Slower Holiday Season Amidst Economic Uncertainty

by Sonia Park
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Retailers Anticipate Slower Holiday Season Amidst Economic Uncertainty

As the holiday season approaches, major retail stores are bracing for a potentially sluggish period, with reports from Best Buy, Lowe's, and Kohl's indicating declines in recent sales. The retailers, facing uncertainties in consumer demand, are adjusting expectations and preparing for a more challenging holiday sales landscape compared to the previous year.

Best Buy, one of the leading electronics retailers, reported a decline in sales in its most recent quarter, with CEO Corie Barry acknowledging the evolving nature of consumer demand. In a statement, Barry expressed the difficulty in predicting consumer behavior, noting that demand has become more. . .

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