Expect to see a large increase in holiday sales this year
Published: Oct. 10, 2022 at 10:43 AM MDT
(CNN) - If you are looking for a good deal leading into the holidays, you are in luck.
According to Adobe Analytics, consumers are going to see a sharp increase in discounting this holiday season due to inventory growth and a decrease in supply chain issues.
The company predicts the biggest discounts in electronics at 27%, up from 7% last year.
The average toy discount will be 22%.
Adobe said you will find the biggest discounts right around Thanksgiving with Black Friday and Cyber Monday.
The company is also forecasting a stark slowdown in consumer spending for the remainder of the year, from over 8% in growth in 2021 to 2.5% in 2022, making it the slowest growth on record.
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