As we enter the holiday season, concerns over inflation and product shortages continue to dampen consumer sentiment, which remains near a two-year low.
Rising COVID Cases Could Impact the Holiday Shopping Season. Here’s How the Retail Industry Should Prepare.
Disruptions in the global supply chain are resulting in product shortages for retailers across the United States.
Retail trade sales for August 2021 rose 13.1 percent from last year, and Q2 2021 retail quarterly financials showed solid revenue increases compared to both 2020 and 2019.
Keith Jelinek, Rick Maicki, and Darren Morrison discuss how companies must adapt their business models to changing consumer behavior.
A rise in COVID cases across the country and other challenges are likely to present significant headwinds for retailers and consumer brands as we enter the holiday sales season.
Retail trade sales increased over 13 percent in July 2021 compared to last year but dropped compared to June, showing a bigger decline than many analysts expected.
Schools are set to reopen in 2021, but the rise in COVID cases in many parts of the country could impact how consumers shop for back-to-school and back-to-office.
Keith Jelinek comments on how demand is outpacing supply of goods and consumers should start shopping earlier this year to avoid shortages.
BRG Retail indicates that “shoes, backpacks, and clothing [are] in shorter supply this year because they’re manufactured overseas, and they’re not expected to be on the shelves as much as in a typical year.”
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