A consumer goes by shirts within the youngsters part at Old Navy in Denver, Colorado.
Brent Lewis | Denver Post | Getty Images
January is usually an ignored month for retailers.
Shoppers make returns and exchanges. They come to shops with reward playing cards in hand. And they might spring for exercise garments or different gadgets to observe by on New Year’s resolutions.
But this yr, January carries larger stakes. The subsequent few weeks, which shut out many retailers’ fiscal yr, might assist decide whether or not the vacation quarter is a win or a bust. It’s an essential time for serving to shops filter out extra stock, too. January might additionally set the tone for 2023 — when some economists and retail business watchers anticipate the U.S. will tip right into a recession.
So far, early vacation outcomes have been higher than some economists and retailers feared. Sales from Nov. 1 to Dec. 24 rose 7.6%, based on information from MasterCard SpendingPulse, which measures in-store and on-line retail gross sales throughout all…
2023-01-02 08:00:01 Retailers brace for harder instances and extra frugal clients in 2023
Post from www.cnbc.com