Insight Report 12 minutes PremiumHoliday 2023: Delving Into Key Service Category Trends in the US Sujeet Naik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research December 4, 2023 What's InsideUS consumer spending on major discretionary services has shown resilience over the years, adjusting to pandemic challenges and rebounding with positive growth in subsequent periods. We discuss key service category trends for the 2023 holiday season in the US, drawing from our proprietary survey data and store traffic information from Placer.ai, a third-party location analytics provider. Data in this research report include: US consumer spending on major discretionary services, 4Q18–4Q23E Proprietary survey data on US consumers’ holiday 2023 spending expectations for goods and services, as well as their post-Thanksgiving travel plans Foot traffic data for selected service categories, October 2022–October 2023 Companies mentioned in this report are: H-E-B, Kroger, Lululemon, Neiman Marcus, Nordstrom, Wegmans Other relevant research: Holiday 2023: US Retail Outlook Summary Update Holiday 2023: Black Friday Insights from Store Visits in the US and the UK All Coresight Research coverage of US holiday retail The Coresight Research US Holiday Retail 2023 Databank tracks key retail metrics for the holiday season. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Last-Mile Delivery Enters the MatrixNextGen Commerce—Event Insights: Revolutionizing Retail Through AIWeinswig’s Weekly: Fashion Retail’s Resilience in the Holiday SeasonSeptember 2023 Leading Indicators of US Retail Sales: Strong Wage Growth and Labor Market Signal Positivity for Holiday Season
