Holiday shopping season is right around the corner, with retailers gearing up for major shopping events like Black Friday and Cyber Monday. Due to a series of economic headwinds and changing consumer habits, retailers are faced with s supply issues from dealing with old stock, new inventory, and a focus on secondary market discounts from consumers. Coresight Research CEO Deborah Weinswig joins Yahoo Finance to break down the latest findings on consumer trends during the holiday season and how retailers will fare with the changes.
Weinswig elaborates on changes in consumer habits: “The other change we are starting to see is around this idea of ‘fast-luxury’ which is consumers who are very focused on second-hand market, just a change in the dynamics around the holiday season, more of a move to refurbished goods, the on-the-floor samples…they’re thinking about different ways to buy the product they want, at the price they can afford.”
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