After much of the year focused on tariffs and the higher cost of living , Americans are ready to check out and celebrate the holidays. And signs are pointing to some of the deepest discounts seen in years, as stores try to coax shoppers into splurging.

The National Retail Federation, an industry trade group, is forecasting another record season. For the first time, it says, Americans will spend more than $1 trillion on gifts, food and decorations. It's an optimistic prognosis that would mean sales growing by roughly 4%, just like they did last year.

Other estimates by firms that track spending predict spending may be less exuberant; Deloitte's forecast suggests sales will grow around 3%.

Still, this promises a holiday season that's far from the flop many feared early in the year, wh

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