US retailers, led by Walmart, are importing fewer Christmas goods, signaling a cautious holiday outlook.

US retailers, including Walmart, are importing significantly fewer Christmas goods this year, indicating a cautious approach ahead of a potentially weak holiday season. Walmart's imports dropped to 340,000 kilos, down from nearly 980,000 kilos last year. The National Retail Federation forecasts a holiday spending growth of only 2.5-3.5%, the slowest since 2018, suggesting retailers are managing inventory to avoid excess stock amidst economic uncertainties.

November 05, 2024
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