American consumers are adding sneakers and boots to their holiday lists. U.S. consumers will prioritize holiday gifting this year, even if that raises credit card debt, and there are indications that shoe buying will be on the agenda.
“The big wildcard this holiday season is the impact of tariffs, particularly how much will be passed through to consumers and how they will handle inflation,” noted TAG’s chief investment officer Dana Telsey. TAG is also projecting that warehouse clubs will see sales growth rise 6.5 percent, while department stores will lag at down 5 percent.
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