ANNED’INNOCENZIO AP communication
New York (AP) — Backed by solid employment, healthy wage increases and significant savings, shoppers are returning to stores to get all kinds of merchandise.
But the big question is how low supply, rising prices, and staffing issues can make this holiday season feel uncomfortable.
Americans who are already tired of the social distance policy caused by the pandemic may be in a bad mood if they can’t check the items on the holiday wish list, or they are disappointed with the skimpy holiday discounts. maybe. Exacerbating the moody mood is the fact that many frustrated workers quit before vacation and leave businesses out of control during the busiest times of the year.
According to Aurelien Duthoyit, Senior Sector Advisor at Allianz Research, shoppers are expected to pay an average of 5% to 17% more to buy Black Friday toys, clothing, appliances, TVs and more this year. On average, TV prices are up 17% from a year ago, according to research firms. This is because the discounts available apply to items that are already expensive.
Such frustration can curb sales during the holiday season, which should break records.
The National Retail Federation, the largest retail group in the United States, reported 8.5% vacation sales compared to the 2020 vacation period when locked shoppers in the early days of the pandemic spent money on pajamas and household items. Is expected to increase by 10.5% from. — Mainly online. Sales for the 2020 holiday season increased by 8.2%.
The holiday season will move to high gear, but challenges remain | National News
Source link The holiday season will move to high gear, but challenges remain | National News