AssetID: 53232889
Headline: UNCAPTIONED: Why Retailers Have High Hopes for the 2023 Holiday Season
Caption: Why Retailers Have High Hopes for the 2023 Holiday Season. 'Newsweek' reports that retail sales are up from 2022 and businesses hope to keep that momentum up. Businesses have a number of strategies they hope will drive sales through the busy shopping season. Decorating helps spread a sense of holiday spirit in shoppers who are more likely to visit retailers decked out with garland, ornaments and wreaths. Expect online retailers to also decorate for the holidays with updated websites. 'Newsweek' suggests that rising inflation has pushed shoppers to seek out the best deals, meaning that sales will be a critical factor in retail success. Among those sales, retailers will look to bundle high-demand items with slow-selling products to remove excess inventory. These two-for-one sales can be good news for retailers' holiday season profit margins. Retailers may also band together to create a group sale by partnering with other local businesses. These mini-festivals may even bring in a Santa Claus to help encourage families to attend the sales event. Companies are hoping that the 2023 holiday profit margins reflect the giving spirit of the season. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: retailers,high hopes,holiday season,shopping,Christmas,Xmas,2023,this year,businesses,sales,presents,gifts,sales events,families,spend,drive,busy
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