and inflation soaring retailers are hoping they can tempt shoppers to spend during the vital holiday shopping season. michelle fleury reports from new york. american retailers hope this holiday season will be a magical time of year, offering big discounts to lure in shoppers. more than 160 million people are expected to shop over the four days between black friday and cyber monday. what a world of difference. dana telsey, chief executive of the telsey advisory group, said shops have too much stock a reversal after last year s shortages. last year there was not enough inventory and everything was selling at full price. this year there s too much inventory and it s only the magnitude of promotions that will continue to increase as we get closer to christmas. and with many stores starting sales in october, not everyone is waiting until black friday to snag a deal. are the deals better this year? i mean, it s not even
thanksgiving dinner this year. inflation is causing a major drop in the donations families depend on. madison is live in new york. hi. yes, food banks are working harder than ever with inflation soaring. as you mentioned, at the same time donations diminishing because everyone is feeling the pressure of high inflation. feeding america, one of the largest food banks across the country say they are struggling with inventory at a time where demand is skyrocketing and seeing more people come in at most of their locations compared to the economic shutdown in 2020. at the same time, 40% of their locations are running on a budget deficit because of these costs. you can see why. at the grocery store everything that s going on your thanksgiving table up in cost. in particular turkey, it s up over 20% from last year. with certain items like turkey protein going up in cost the demand is jumping. a lot to deal with. take a listen.
4,600 of them, and my shareholders which supported us not just for survival but the growth. so we had a fleet of a0 aircraft, i used to operate 200 flights a day before covid, that is 25% over what we did pre covid. all of this was possible because the team literally was to make sure we expanded. notjust domestically but internationally. it was in august 2020 when nobody could come in to visit, not much was possible and there were a whole list of regulations to travel up and down. but having done all the hard work and i m thankful that now we are seeing the dividends from our customers. lets talk about the other challenges for all the airlines that fly. just getting customers through the doors, we have the cost of living crisis, we have as we talked about the energy crisis, we have inflation soaring,
and my shareholders which supported us notjust and my shareholders which supported us not just for survival and my shareholders which supported us notjust for survival but and my shareholders which supported us not just for survival but the growth. so we had a fleet of a0 aircraft, aged operate 200 flights a day before covid, that is 25% over what we did pre disease mac. all of this was possible because the team literally was to make sure we expanded. notjust magically but internationally. it was in august 2020 when nobody would come in to visit, not much was possible and there were a whole list of regulations to travel up and down. but having done all the hard work and i m thank for that now we are seeing the support from our customers. seeing the support from our customers- seeing the support from our customers. , ., ,, ., ., customers. lets talk about the other challen . es customers. lets talk about the other challenges for customers. lets talk about the other challenges for all
rates. ., ~ , ., few refers to close due to energy rates. . ,, , ., ., few refers to close due to energy rates. . «e , ., ., ., «e ., few refers to close due to energy rates. . «e ., ., «e ., , there s growing evidence that the government s flagship levelling up programme could become a casualty of budgetary costs and rising inflation. some councils are having to slim down projects and find the money themselves to fund any shortfalls. our political correspondent alex forsyth reports from two council areas where levelling up plans are under pressure. beeston s had a bit of a lift. with many high streets struggling, the council here has invested in a cinema, a social cafe and new business space. it encourages people to come into the town centre to use the facilities. councils across the country are regenerating local areas. some projects have government funding, but with inflation soaring, costs of materials and labour are shooting up, piling pressure on stretched budgets. even he