Retailers may see more red after Black Friday as consumers act as if recession already here

RETAILERS ARE GEARING up for another blockbuster holiday shopping season, but consumers burned by the highest inflation in a generation may have other ideas.

Industry groups are predicting another record year of retail sales, with the National Retail Federation forecasting a jump of 6 percent to 8 percent over the US$890 billion consumers spent online and in stores in November and December of 2021.