Insight ReportHoliday 2025: A Deeper Analysis of the SNAP Impact on Holiday Sales; Recently Lowered US Retail Sales Growth Estimates John Harmon, CFA, Managing Director of Technology Research November 13, 2025 Reasons to ReadUnderstand how a prolonged US government shutdown is reshaping retail demand and food spending. Read this report to discover answers to these and other questions: How significant is the SNAP program to US grocery retail—and which states are moving to fill the funding gap during the shutdown? Why has Coresight Research revised down its US retail sales growth estimates, and what are the implications for the holiday season? Companies mentioned in this report include: 7-Eleven, Dollar General, Kroger, Target and Walmart. Data in this report include: SNAP’s share of grocery retail sales; revised monthly US retail sales forecasts using Coresight’s ML model. Other relevant research: Holiday 2025: Government Shutdown-Related Reduction in SNAP, Other Payments and Salaries Could Meaningfully Impact US Holiday Spending SNAP Policy Changes and Funding Cuts: Impact on Retailers Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Global Luxury—Real Estate Insights: Brands Move from Tenants to Landlords, with Innovative, Experience-Rich FlagshipsEconomic Sentiment Declines Significantly: Weekly US Consumer Sentiment, Week 43, 2025—Data GraphicUS Retail—Real Estate Insights: Embracing Small Store Formats, Immersive Experiences and Emerging TechnologiesRetail Shrink and ORC: Cargo Theft Hits Record Levels in the US, Retail Crime Costs Soar in the UK
