Insight ReportHoliday 2025: A Deeper Analysis of the SNAP Impact on Holiday Sales; Recently Lowered US Retail Sales Growth Estimates John Harmon, CFA, Managing Director of Technology Research November 13, 2025 Reasons to ReadUnderstand how a prolonged US government shutdown is reshaping retail demand and food spending. Read this report to discover answers to these and other questions: How significant is the SNAP program to US grocery retail—and which states are moving to fill the funding gap during the shutdown? Why has Coresight Research revised down its US retail sales growth estimates, and what are the implications for the holiday season? Companies mentioned in this report include: 7-Eleven, Dollar General, Kroger, Target and Walmart. Data in this report include: SNAP’s share of grocery retail sales; revised monthly US retail sales forecasts using Coresight’s ML model. Other relevant research: Holiday 2025: Government Shutdown-Related Reduction in SNAP, Other Payments and Salaries Could Meaningfully Impact US Holiday Spending SNAP Policy Changes and Funding Cuts: Impact on Retailers Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: High-Income Consumers Drive Uptick in Financial Optimism; Inflation Awareness Down Versus Early 2025: US Consumer Survey InsightsThree Data Points We’re Watching This Week, Week 27: US Retail Faces HeadwindsHead-to-Head in US Department Stores: Kohl’s vs. Macy’sWeekly US Store Openings and Closures Tracker 2025, Week 21: US Store Closure Cross 5,000 as Rite Aid Begins Closing Stores
