Story perspectives

Holiday Spending Projected Over $1 Trillion Amid Economic Uncertainty

11/24/2025

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Summary

Story summary

The National Retail Federation (NRF) projects holiday spending will exceed $1 trillion, with growth at 6% versus 14% last year.
Inflation and a softening job market weigh on holiday-season spending.
Target Corporation and The Home Depot reported declines, while Walmart grew as upper-income shoppers sought bargains.
Retail executives say promotions are essential to attract frugal shoppers, and ongoing economic uncertainty and persistent inflation could dampen sales.

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Story summary

The National Retail Federation (NRF) projects holiday spending will exceed $1 trillion, with growth at 6% versus 14% last year.
Inflation and a softening job market weigh on holiday-season spending.
Target Corporation and The Home Depot reported declines, while Walmart grew as upper-income shoppers sought bargains.
Retail executives say promotions are essential to attract frugal shoppers, and ongoing economic uncertainty and persistent inflation could dampen sales.