The first thing born in any downturn is merchants having sales.
Shopping is the first casualty.
Toy shows are in May. Merchants order after shows for delivery for the holidays.
Are you predicting weak holiday sales this year?
Yes but its still hard to know is the downturn in 2026 or 2027.
That would be six or seven years since the last recession.
At least 2025 is no longer in the mix.
DB2
Things keep getting rockier and rockier. It is going to be hard to escape 2026 without a massive downturn. Nothing is being managed well.