Sharon Nunn
speaker
98 appearances
3 recordings
1 series
first heard Oct 2017
last heard Apr 2019
Sharon Nunn’s voice in public audio — every appearance, attributed to the second.
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Appearances
And that's the key part of the reason why we saw so much growth in holiday spending this November.
as compared to November's in the past.
Large stores like Macy's and Kohl's and Target and Walmart have all done significantly better in previous quarters.
Yeah, that's certainly a part of it.
Another key part of this massive
November boost in holiday spending that we saw was the fact that last year, the holiday season was pretty weak for retailers overall.
And the reason it was so weak as all of these stores, so Kohl's and Macy's are kind of notorious for having these great huge sales, but that's because they have so much inventory, which actually cuts into their profits.
So this year they did better about that.
They cut back inventory so they didn't have to offer up those items at such inexpensive prices.
Yeah, exactly.
And that was another thing that actually contributed to why we saw such a weak holiday season for brick and mortar retailers.
But the dollar is a little bit weaker this year.
So, yeah, it was a little bit easier for international students to buy some products because they're
cheaper in whatever currency they have back home.
Exactly.
And analysts are projecting that if Americans want to keep up with their current spending habits, but their wages aren't increasing, they're going to have to start taking out debt.
And we have seen
increasing levels of debt this year.
Well, so far, they have projected that consumers nationwide are going to spend about 4% more during the holiday season than they had in 2016.
That would make 2017 a
Showing 41–60 of 98 · page 3 of 5
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