Economic pressures shape holiday spending: What beauty brands need to know
Holiday sales growth for 2024 is expected to drop 1.7%, down from 4.7% last year, said Stern. Such declines are partly attributed to ongoing household spending pressures and “a shorter shopping season with fewer days between Thanksgiving and Christmas”, she highlighted a resilient labor market and anticipated interest rate cuts that “support consumer confidence levels.” This […]
Economic pressures shape holiday spending: What beauty brands need to know Read More »