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Retailers forecast disappointing holiday season as labor shortage rages
Mark Luschini joins ‘Mornings with Maria’ to weigh in on supply chain issues, the decline in consumption and recent big bank earnings. American retailers are trying to maintain an optimistic outlook ahead of the pivotal holiday-shopping season but are alarmed about the broader effects of the current labor shortage and pandemic-induced supply chain disruptions. Three-quarters of U.S. retailers said shoppers expect more from stores than they can deliver due to the labor crunch, according to a new survey from UKG, a workforce management company. Another 85{3132c872e6c78dc13c400a594a399f7f701f7fca090fe22c84668d12b33a9deb} are anticipating that supply chain issues will further disrupt shoppers. Kris Kringle Christmas store and shopping arcade in Carmel, California, September 5, 2021. Photo…