Deloitte analyses holiday spend patterns, indicating that retail sales are forecast to be “less robust,” as reported by CNBC. It further indicated that holiday spending will depend “on how much splurging high-income consumers do, and how much belt-tightening takes place throughout lower-income households.”
According to Deloitte, holiday retail sales in 2020 are forecast to rise between 1% and 1.5%, touching $1.147 trillion and $1.152 trillion from November 2020 to January 2021 time period.
Also read: An October surprise for US retail
A majority of holiday spending might happen online, as people are still avoiding crowded places. Deloitte expects the holiday e-commerce sales to surge by 25-35%, amounting to between $182 billion and $196 billion.
As Deloitte analyses holiday spend patterns, Rod Sides, vice chairman at Deloitte and its retail and distribution sector leader, said to CNBC, “We are going to see groups of consumers recover differently.”
For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BRevolutionising retail: How RetailGPT is shaping the future of shopping malls
Times Square Center: Building community through more than retail
/ 
What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
The regional grocery retail market is becoming more and more diverse, offering
/ 
In what comes as a significant announcement, Middle East based eyewear majors
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
GMG’s Everyday Goods – Retail division celebrates expansion milestone hitting 60 stores
Among several others, three key factors have fuelled the growth of homegrown
Empowering women, transforming communities: The rise of female-led businesses in Times Square Center
In its central Dubai location, Times Square Center stands not just as
One of UAE’s leading fresh food retailers, Spinneys has announced its intention
Acting as a bridge between Brazil and GCC markets offering a compelling
Commonly cited statistics indicate that around 20% of new businesses fail during
Louis Philippe, renowned for its premium merchandise spanning apparel, footwear and accessories,
Previous Article
