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PwC’s 2024 Holiday Outlook survey revealed 59% of respondents believe inflation will influence their holiday purchasing this year. Even so, consumers indicated they would spend about 7% more for their year-end festivities for an average of $1,638.

The International Housewares Association and International Housewares Shippers Association are part of a coalition of business groups that sent a letter today to President Biden urging immediate action by the White House to end the strike that has shut down East Coast and Gulf Coast container ports.

The International Longshoremen’s Association (ILA) failed to reach a last-minute agreement with the United States Maritime Alliance (USMX) to prevent a strike at U.S. ports on the East and Gulf Coasts that went into effect this morning. This prompted concerns about the strike’s impact on the economy and forthcoming holiday retail, along with calls for swift action by the Biden administration.