Las Vegas small businesses tackle economic hurdles to lure shoppers [Video]

LAS VEGAS, Nev. (FOX5) – Las Vegas small businesses are tackling national economic hurdles to lure shoppers to spend, though experts say shoppers will be selective and hunting for deals.

Shoppers are expected to spend $277 billion this holiday season, which is up 2% from last year although federal analysts say consumer prices are also up 2.6% from October 2023.

Morgan Stanley reports that shoppers, though they are prepared to spend more will be more “selective” with their purchase.

Around 90% of shoppers are looking for a deal, this holiday season, according to the U.S. Chamber of Commerce. Almost a quarter of shoppers (23%) intend to spend less, this season.

Luxury retailer Max Pawn Luxury saw customers “holding back” on the biggest items, this fall; if customers wanted a designer bag or item, they may opt for a less-expensive option or payment plan.

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