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us retailers extend black friday deals to boost consumer spending

US retailers are extending Black Friday deals into weeks-long sales events to stimulate consumer spending, which is showing signs of slowing. Major retailers like Walmart, Amazon, and Target are offering significant discounts, yet general merchandise sales fell 3% year-on-year as consumer confidence remains low amid persistent inflation concerns. Despite forecasts of nearly $1 trillion in holiday sales, growth is expected to be the slowest since 2018, prompting retailers to incentivize purchases across different income levels.
@FinancialTimes
United States Dollar Amazon.com, Inc. Target Corporation The Home Depot, Inc. Walmart Inc. Macy's, Inc. USA Gregory Daco Jack Kleinhenz Brian Cornell Donald Trump Show more
Finance & Economy, Market Report
19:27 24.11.2024
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