Retailers rejoice as shoppers search for the best Black Friday deals and promotions, officially kicking off the holiday season for many seeking to finish their Christmas shopping early. Yahoo Finance's Akiko Fujita reports live from the Glendale Galleria shopping mall as outlets prepare for the monumental shopping day, outlining this year's consumer spending forecasts and expectations from major retail chains.

The National Retail Federation expects $989 billion to be spent on holiday shopping between November and December 2024.

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This post was written by Luke Carberry Mogan.