The holiday shopping season’s marquee event is finally here: Black Friday. Retailers begin their promotions earlier and earlier every year, with stores pushing discounts as early as October in 2023. Jones Lang LaSalle Incorporated (JLL) President of Retail Naveen Jaggi joins Yahoo Finance Live anchors Seana Smith and Brad Smith to talk retail sales data and the strength of the US consumer.
The US consumer is as resilient as ever, and they have proven time and time again, they will spend when given the opportunity to spend, and no better example than when we came out of the pandemic… when we saw the whiplash at a mass of 60-70% year-over-year in holiday sales from 2020 to 2021,” Jaggi says. “Look for the US consumer to surprise us this holiday season, I predict between 5 and 6% above last year’s trends.”
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We’re going broke
Speak for yourself
I’m watching my friends and coworkers take 401k hardship withdrawals and 2nd mortgages. Reminds me of Wilma and Thelma on the Flintstones when they would scream CHARGE IT!
Biden is a misunderstood genius. Enjoy peace & prosperity in the Bidenconomy!
LMAO!
🎭
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I feel like the news exists in a completely separate reality where everything is going wonderfully and people are happy.
Consumer is not doing good !! Stop your non stop bla bla bla
Where are they getting their results from, people earning 200k a year? Because everyone else is struggling in one way or another.
No retail isn’t good lol credit card debt at all time high over a trillion
all of this doublespeak is simply manufactured to save the stock market from correcting to where it should be.. probably about -25% .
Everyone that’s not rich knows these people are lying to us
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about a January rally and said stocks that would be experiencing significant growth these festive season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
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