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Retailers ready to kick off unofficial start of the holiday season just as shoppers pull back
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A sign announces Black Friday specials on luggage sets inside a Macy's department store on Monday, Nov. 20, 2023, in Denver. Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements. - photo by AP Photo/David Zalubowski
NEW YORK (AP) — Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements. But executives are growing concerned with a spending slowdown that could temper sales on the day after Thanksgiving as well as throughout the holidays. Shoppers, powered by a solid job market and steady wage growth, had demonstrated a resilience that confounded economists and ran counter to sour sentiments expressed in opinion polls.