Retailers Face Challenges Ahead of Holiday Season

Concerns over spending slowdown, excessive discounting, crime, and overstocking loom as Black Friday approaches.

Retailers are concerned about a spending slowdown that could affect sales during the holiday season. This is due to consumers facing pressure from dwindling savings, increased credit card debt, and stubborn inflation.
Retailers have been criticized for excessive discounting and promotions, which have conditioned consumers to never buy anything at regular price, impacting retailers' profit margins.
The issue of crime in retail stores has been highlighted, with companies like Target, Walgreens, and Walmart closing stores in major cities due to theft and violent crime. However, some argue that the problem may be exaggerated.
Retailers are also said to carry too much inventory, leading to price cuts to clear unwanted products from their stores.
Amazon and NFL are hoping to establish a tradition with the first Black Friday game, aiming to attract viewers on the busiest shopping day of the year.