Dollar Tree interim CEO Michael Creedon noted that shoppers are 'cutting back on parties' and 'delaying purchases,' reflecting a broader trend of budget-conscious consumer behavior during the holidays.
Creedon observed a shift among all income brackets, stating, 'We see that throughout... the party is not as big; they don't invite as many people as they did'—indicating widespread change in holiday celebrations.
Consumers are holding off on purchases until just before they plan to use them, leading to 'unusual year-over-year sales comparisons,' as demonstrated by a surge in sales of key Thanksgiving items.
The trends indicate that shoppers are 'buying for need and then buying closer to the need,' suggesting a shift from purchasing non-essential items steadily throughout the holiday season.
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