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Retailers Brace for Subdued Holiday Season
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Retailers express caution and subdued holiday forecasts due to consumer spending concerns, with Lowe's, Best Buy, and Kohl's predicting a weak holiday season. Quarterly eCommerce sales show a slowdown, with early indications of fourth-quarter spending impacted by debt, student loans, and inflation.
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How might the cautious outlooks and subdued holiday forecasts impact the retail industry in the long term?
How might the slowdown in eCommerce sales and the impact on consumer spending affect the overall economy?
What strategies can retailers employ to mitigate the impact of reduced consumer demand and a shift in focus to essentials?
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