Challenges Facing Retailers During the Holiday Season

The holiday season is particularly challenging for retailers, as many rely heavily on gift sales to sustain their businesses during slower months. Recent forecasts indicate that the economic outlook for 2025 is far from optimistic, with numerous retailers struggling to meet consumer expectations amidst rising costs. Reports highlight that consumer spending has been subdued, creating a tough environment for shops during what is traditionally the busiest time of year. This impacts not only large chains but also small independent businesses, which are feeling the pinch due to lower foot traffic and increased operating costs.