While higher, the gain in year-over-year spending is not enough to mitigate the impact of inflation.
When asked about their top concerns this holiday shopping season, 85 percent of respondents cited inflation, while 63 percent said stockouts. Shipping delays came in third with 57 percent.
KPMG also noted that online spending is expected to remain relatively flat, “pointing to a preference to return to physical stores for several categories of spending.”
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