The International Council of Shopping Centers (ICSC) has released its 2023 Holiday Shopping Forecast, predicting a 3.8% increase in retail sales during the October-December period, despite the prevailing economic conditions. he Annual Holiday Shopping Intentions Survey conducted by ICSC reveals that 90% of consumers, approximately 235 million, plan to shop this year. Consumer Spending Trends Consistent Spending Amid Economic Challenges Tom McGee, President and CEO of ICSC, stated, “We expect a positive holiday shopping season this year as consumers continue to spend in spite of economic headwinds.” The survey indicates that 80% of shoppers expect to spend the same or…

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