Retail Outlook Bright for 2023 Holidays Despite Concerns

Despite economic uncertainty and inflation concerns, the 2023 holiday shopping season is shaping up to be a big one for retailers. As a veteran retail expert, I predict this will likely be the best retail holiday in a generation. Shoppers are still spending at high levels, continuing the momentum we’ve seen over the past year.

While some categories, like furniture, have cooled a bit, retail is holding up very well overall. Consumers still have money left in their wallets to spend, even factoring in elevated inflation. This is backed up by foot traffic data showing visits to malls and retail centers exceeding pre-pandemic levels for the first time.