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In this episode of OFFBounds, Paula Macaggi sits down with Richard Kestenbaum, Partner at Triangle Capital and longtime Forbes contributor, to unpack what’s shaping the 2025 holiday season. With decades of experience advising on mergers and acquisitions across the retail and consumer space, Richard shares his perspective on the financial and behavioral forces defining today’s market — from inflation and tariffs to shifting consumer confidence. 💬 Topics discussed: Why “flat is the new up” for the 2025 holiday season How inflation and tariffs are reshaping consumer spending What retailers can do to manage uncertainty and protect margins The growing impact of AI and automation across retail The psychology of consumer confidence and its effect on sales M&A trends and what’s happening behind the scenes in retail finance 🔔 Subscribe to OFFBounds for more conversations with global retail leaders and innovators. #OFFBounds #RetailPodcast #RichardKestenbaum #RetailTrends #Holiday2025 #ConsumerBehavior #RetailInnovation #PaulaMacaggi #TriangleCapital #ForbesRetail