This causes consumers to hunt for deals and discounts and look for cheaper products, says the Spending less, connecting more report. Marty Weintraub, Deloitte's national retail leader, expects the holiday season to be challenging for retailers but said some will fare better than others. Marc Desormeaux, principal economist at Desjardins, agreed with Weintraub's assessment of consumer uncertainty during this holiday season. This is what Danielle Woo, the general manager of West Edmonton Mall, is counting on. She attributes the popularity of West Edmonton Mall to its mix of entertainment venues, luxury stores and local independent retailers.

Source: CBC News December 17, 2022 00:55 UTC