Welcome back to another episode of Take Charge Now! This week, we're diving into Deloitte Canada's 2024 Holiday Retail Outlook and how it reflects on the season ahead. Canadians are cautious about their holiday spending, with concerns about rising housing costs, rent, and credit card debt still top of mind. Despite this, holiday spending is expected to rebound, but not necessarily due to consumer optimism.
Join me as we explore key trends, including:
- A 20% increase in travel spending and a 35% boost in charitable donations.
With the rise of eCommerce, consumers increasingly turn to platforms like Amazon, Temu, Shein, and even social media for their holiday shopping.
- How retailers are adapting to shorter, highly competitive shopping seasons due to a late Black Friday
Don’t miss out—tune in to learn more about how these shifts will shape your holiday spending and the strategies retailers are using to stay competitive.
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