RETAIL REGRESS: Inflation takes a toll on holiday shoppers this season
TrueTrae.com smart shopping expert Trae Bodge discusses how inflation is impacting holiday shopping and reveals where consumers can find the best deals on 'Mornings with Maria.'have reportedly impacted consumers.
With prices for food, rent, gasoline and other costs elevated, many shoppers were reluctant to spend, barring a large sale. People are choosing cheaper options and dipping more into their savings, or charging while the Federal Reserve hikes rates. Macy's CEO Jeff Gennette told The Associated Press that traffic was "significantly larger" on Black Friday during the third year of the COVID-19 pandemic.While supply issues had delayed products from Macy's and from businesses around the country, this year he assured that Macy's was "set and ready to go."
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