Last-minute Christmas shopping may be back in vogue this year, says Best Buy

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Reuters

By Uday Sampath Kumar (Reuters) – Americans may leave their end-of-year holiday gift buying as late as possible, Best Buy Co Inc executives said on Tuesday, as cost-conscious consumers seek the best deals in a return to pre-pandemic shopping habits. Global supply-chain disruptions and the resultant shortages prompted consumers to start their holiday shopping as early as October in the last two years on fears that in-demand products would disappear from the shelves by the traditional period around Thanksgiving in late November. This year, however, retailers are holding excess inventories as cus…

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