In a strategic move to adapt to evolving consumer behaviors and market dynamics, Macy's has announced its intention to close 150 stores by 2026. The decision, unveiled by CEO Tony Spring, marks a significant shift for the iconic department store. . .
A recent WalletHub survey, led by expert Cassandra Happe, sheds light on the challenging landscape of holiday gift-giving. Despite a promising start to online spending, the forecast for this season appears frosty due to inflation's impact on the economy. Happe's insights indicate a significant shift in consumer behavior, with 30% planning to cut down on gift expenses compared to the previous year, while a substantial 25% of Americans still grapple with lingering debt from prior holiday seasons.
The survey underscores a sobering reality: over one-third of Americans are opting out of gift-giving altogether, signaling a. . .