After two years of pandemic-fueled spending, executives say they are bracing for choosy consumers and last-minute holiday buying that could spur deeper discounts. “We are preparing for a customer who is very deal-focused," Best Buy Chief Executive Corie Barry said earlier this week. Consumers continue to pull back spending on most of the goods Best Buy sells, including electronics, cellphones and home appliances. Overall holiday sales growth is expected to be weak. Black Friday weekend could be a boon to retailers as shoppers scan the landscape for standout deals.

Source: Wall Street Journal November 25, 2023 09:25 UTC