Overview

• Retailers like Target and Bath & Body Works are maintaining their hiring levels from previous years, with Target planning to hire 100,000 seasonal workers.
• Holiday sales are projected to grow at their slowest pace in six years, influenced by persistent inflation and depleted savings.
• The labor market has shown signs of slowing, with U.S. employment rising less than expected in August.
• Retailers are launching early promotions and discounts to attract budget-conscious shoppers, with Target introducing more affordable holiday items.
• Analysts predict that while there will be some growth in holiday spending, it will be more subdued compared to previous years.