On Black Friday, it is estimated that 186.9 million Americans will go shopping, a historic record, but many of them will reduce their budgets due to high prices and fewer discounts. Even though sales in November-December are projected to exceed 1 trillion dollars, the growth is expected to be slower than last year. Consumers are becoming more cautious with their spending; for example, a woman in New York has reduced her gift budget from 500 to 300 dollars. Additionally, many shoppers are waiting for discounts during the Thanksgiving weekend, and retailers like Walmart and Amazon have started promotions earlier. However, experts are noticing a decrease in promotions, and prices for basic goods have risen significantly.
Sources
Latest News
13:01
Nvidia reported a net profit more than double compared to last year. Revenues exceeded analysts' forecasts.
12:48
Former Minister of Labor, Florin Manole: "I challenge Bolojan to present which PSD amendments led from an impact of 8 billion to 12 billion for the salary law"
12:38
"Emily in Paris" ends with the final Christmas season
12:31
Bucharest: The rehabilitation works of the tram tracks on Armand Călinescu street have been suspended due to the discovery of possible archaeological remains.
12:29
Romania has received 2.5 billion euros from SAFE for defense and infrastructure. Which highways are receiving European funds?
See more news