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Weeks ahead will test retailers’ lofty expectations
Shoppers ascend and descend an escalator at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Is it beginning to look a lot like Christmas? Perhaps not, this year. With 24 days until the big holiday, retailers hope consumers will keep spending. Shoppers started purchasing holiday gifts early this year, but the Thanksgiving weekend shopping events, from Black Friday to Cyber Monday, weren’t as strong as some had hoped. Although analysts expect retail sales will hit lofty expectations, there is a lack of holiday buzz, according to Deborah Weinswig, founder and CEO of Coresight Research. “Typically, people are like ‘How’s your holiday shopping…
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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…
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Big-Box Retailers Battle for Inventory in Bet on Strong Holiday Sales
Shops are loading up on merchandise for the getaway period in a sturdy display of self-confidence in purchaser desire even as the Delta variant and supply-chain disruptions add uncertainty to restocking endeavours. Greatest Obtain Co. , Focus on Corp. and other massive merchants are amassing extra stock in contrast with very last year’s pandemic-depressed concentrations, in some instances logging double-digit percentage increases as the stockpiles also exceed 2019 values. Covid-similar manufacturing facility shutdowns in Asia and world wide shipping bottlenecks have enterprises jockeying for products and vessel area to keep away from shedding critical fourth-quarter product sales, a contest that tends to favor deep-pocketed big-box shops around scaled-down opponents. Global…
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Retailers warn of a major toy shortage this holiday season
Barely a week immediately after Labor Day, Biana Perez is already planning in advance for the holiday time. “I am shopping early and purchasing anything by the close of October,” the Boston mom informed Nowadays Dad and mom. “Very last calendar year so lots of matters were marketed out: anything that was going to get your little ones electrical power out due to the fact of the pandemic. Everybody was in the exact boat. The big ticket items — indoor trampolines, bounce homes, playhouses, toy cars and trucks — the ones that they in fact push. So I’m seeking to get in advance of it this year.” Regrettably for mom…
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