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Report: Mediocre Holiday Season Ahead

Deck the halls with pink slips because Berkeley Research Group is predicting lukewarm holiday sales.

The West Coast-based management consulting firm just released its “2016 Holiday Retail Outlook” report and said that despite shoppers across all age groups feeling positive about their personal finances, they’re not ready to splurge.

According to a recent survey of 1,000 U.S. adults, nearly half (49 percent) said they felt good or very good about their financial situation, but 76 percent of respondents said they plan to spend about the same or less than last year. In fact, only 15 percent of those surveyed plan to spend more.

Read more at Sourcing Journal.