Holiday spending should be on par with or slightly under last year's mark, according to the Alabama Retail Association.
Holiday shopping numbers have stayed surprisingly resilient despite the economic upheavals of the COVID-19 pandemic and persistent inflation. Alabama’s retailers are expecting a holiday shopping season on par with last year - but that continues a surprising trend stretching back five years.Looking at Alabama Revenue Department abstracts, taxed sales in Alabama were down a half percent through the first eight months of 2024.
A flat holiday season for spending might actually be a positive. The University of Alabama’s Culverhouse College of Business’for the fourth quarter saw numbers all over the place among Alabama’s metros. The most pessimistic outlook, according to the survey, was in the Birmingham-Hoover area, which had a mildly negative outlook with regard to hiring, capital spending, and the national outlook. Tuscaloosa and Huntsville were higher.
“The stores down the street or around the corner support your community in big and small ways daily,” Association President Rick Brown said. “By shopping with retailers based in your community or our state, you contribute to the health of your local and state economies.”California company opens $60 million Alabama facility, to hire 300If you purchase a product or register for an account through a link on our site, we may receive compensation.
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