In-person shopping makes a comeback amid record-spending holiday season
Published On Dec 23, 2024, 5:36 AM
In-person shopping has surged this holiday season, with total spending expected to rise by at least $24 billion compared to last year. Nearly half of shoppers plan to visit department and discount stores, driven by a desire for experiences and social interactions that shopping offers. Store owners report busier crowds and an increased focus on the in-person shopping experience, marking a significant rebound since the pandemic.
Stock Forecasts
XRT
Positive
The resurgence in in-person shopping indicates strengthening consumer confidence and spending, which could benefit retail stocks significantly. Major retailers may see positive price movements on their stocks as a result of increased sales during the holiday season.
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