What do economic indicators tell us about the upcoming holiday shopping season and how is the current economy likely to impact consumer spending?
As inflation bears down on consumer demand, we can expect consumers to continue to shift their holiday spending habits. Retailers and other businesses that are proactive and understand these economic factors and the impact to their businesses will be best positioned for success.
As always, we kick things off with a macroeconomic update from Robert Wescott, Founder and President of Keybridge. Next, Tom Aliff, Risk Consulting Leader at Equifax, covered relevant consumer credit trends followed by Mike Spriggs from Fiserv who delivered insights from their SpendTrend report and assessed the economic impact of holiday spending in 2022.