During an earnings call on Tuesday, Best Buy CEO Corie Barry said consumers are behaving in an 'unsettled and uneven' way in the current inflated economy.
. A recently released Deloitte survey found during the Thanksgiving to Cyber Monday time frame, more than half of shoppers indicated they are depending on payment options like credit cards or buy now, pay later to make their holiday budgets go further.
During the earnings call, Barry also said Best Buy thinks uncertain economic conditions "will continue to be an uneven backdrop" as they "head through the holiday and into next year.remains strong, consumer spending continues and inflation appears to be slowing a bit, but savings are starting to erode. Consumer confidence is low. is cooling and inflation remains a particular concern on the basics like food, fuel and lodging, all of which have a profound and sustained impact.
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