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The long-anticipated holiday season has arrived, bringing both excitement and stress for retailers. Balancing the pursuit of business goals and meeting customer expectations makes this a high-stakes period. Deloitte's annual holiday retail forecast, coinciding with our edition launch, predicts holiday retail sales to rise between 3.5% and 4.6%, reaching $1.54 to $1.56 trillion from November to January. E-commerce sales are expected to grow 10.3% to 12.8%, totaling $278 billion to $284 billion.
Retailers and e-commerce firms grapple with last year's lingering uncertainties, from inflation to supply chain disruptions and shifting consumer behavior. However, the emergence of AI-powered technology solutions empowers them to navigate these challenges effectively. Forward-thinking retailers have improved processes, streamlined operations, enhanced customer and employee experiences, and strengthened marketing across physical and digital channels. Adaptability to changing consumer demands positions retailers for growth this holiday season.
In this edition, industry leaders provide insights and advice for retailers and brands preparing for the Golden Quarter. Explore topics like merchandising, marketing, customer service, pricing, returns, supply chain, workforce, and fulfillment. Discover proven tactics employed by top brands to boost customer growth and revenue during the holiday shopping season and beyond. We hope this edition equips you for the exciting holiday season ahead. Please do send us your thoughts on what worked and what did not this season. Have fun!
Strategies for Thriving in the Holiday Rush