Crime

Brick-and-mortar stores taking a hit despite record holiday spending

By Barnini Chakraborty
Published December 9, 2023 10:00am ET
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Brick-and-mortar stores taking a hit despite record holiday spending
Shoppers look for sales at Cherry Creek Mall, in Denver, Co., on Nov. 29. (AP Photo/Brennan Linsley) | Brennan Linsley

Holiday shoppers are expected to drop more than $960 billion on gifts, foods, and decorations this year, but the spending sprees won’t necessarily translate to big bucks for traditional brick-and-mortar stores.

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Holidays Retail Retail Theft