Retail Sales Are Starting Earlier This Holiday Season

Retail Sales Are Starting Earlier This Holiday Season

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Interactive Video

Information Technology (IT), Architecture, Business

University

Hard

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The video discusses the shift of Black Friday sales to earlier months due to retailers like Amazon, Walmart, and Target trying to offload excess inventory. This trend began in 2021 due to supply chain issues and was exacerbated by inflation and recession concerns in 2022, leading to reduced consumer spending. Retailers are now adjusting their strategies, including starting sales earlier to find the right pricing. Experts advise against waiting too long for holiday shopping deals, and retailers are learning not to overestimate consumer demand.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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