The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
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A shopper in the seasonal aisle of a Target store on Black Friday in Chicago, Illinois, US, on Friday, Nov. 25, 2022. US retailers are bracing for a slower-than-normal Black Friday as high inflation and sagging consumer sentiment erode Americans demand for material goods. Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images As holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At C.H. Robinson , which serves 7,500 retailers, customers are generally being cautious, said Noah Hoffman, vice president for North American Surface Transportation, with inflation still an issue and ongoing uncertainty about the U.S. economy and risk of recession. "The largest retailers are past working through their excess inventories, but careful not to over-order," Hoffman said, while some of the small- to medium-sized retailer...