October 25, 2021 — The outlook for both retail and foodservice spending is strong for this holiday season and into 2022, but grocery stores are likely to see a bigger boost than restaurants, according to research firm NPD.
Nearly a third (29 percent) of Americans plan to spend more on holiday-related shopping than they did last year, according to new NPD research. Total holiday spending will rise 3 percent during the traditional November and December holiday shopping season, and 5 percent when the season is expanded to include October and early January, NPD found.
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