With inflation having moderated somewhat from 2022, supply chain problems easing and COVID-19 pandemic restrictions seemingly a thing of the past, the holiday season could shape up to be a win for retailers.
Retail sales during the holiday period could increase between 3.5% and 4.6% this year compared to 2022, reaching between $1.54 trillion and $1.56 trillion, according to a September report by Deloitte.
That would represent slower growth than last year when holiday sales jumped 7.6% and reached $1.49 trillion, per Deloitte.
itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.