Many retailers are bracing for a bleak holiday shopping season.
AdvertisementShoppers are finally feeling the weight of inflation and many retailers are bracing for a bleak holiday season .
The trade association said this year's outlook has returned to pre-pandemic levels, with an average annual holiday increase of 3.6% from 2010 to 2019.
AdvertisementAnalysts say the positive same-store sales from quarter to quarter suggest that the off-price retailers are gaining market share.
TJX stores, which include TJ Maxx and Marshalls, have become increasingly valuable for brands to supply to.
Persons:
—, Rebecca Duval, Nordstrom, Ross, Bernstein, Aneesha Sherman, TJ, Simeon Siegel
Organizations:
Service, National Retail Federation, Fashion, Department, Nordstrom, TJX Companies, Burlington, Analysts, Yahoo Finance, TJ Maxx, Marshalls, BMO Capital Markets
Locations:
Ross, Burlington