Shoppers Show Resilience, Spend Despite Inflation

U.S. shoppers demonstrated resilience during the holiday season, spending generously despite concerns over prices and falling consumer confidence. Retailers, including Tanger Centers, offered enticing discounts, drawing in shoppers and boosting sales. Despite initial surveys suggesting otherwise, Americans spent more this year, with in-store purchases accounting for the majority of retail spending. Retailers are now focusing more on physical stores, positioning the industry for a positive outlook in the coming year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.