Christmas without cookies and other 2021 holiday predictions |
| | Good morning, The first post-vaccine holiday season is right around the corner and many retailers are hoping for a big revenue boost. But first, they’ll need to shell out. Between freight, manufacturing, and labor, U.S. retailers will face an extra $223 billion in costs this year, according to Salesforce's Q2 Shopping Index, which analyzed the online shopping activity of more than one billion shoppers in 51 countries. Higher costs for suppliers and sellers also means higher prices for customers. Salesforce predicts that year-over-year consumer prices will continue to rise by 8 to 10 percent each quarter. The good news? Even with customers spending more on fewer items, retailers can expect strong demand in November and December, according to Rob Garf, Saleforce's vice president and general manager of retail. Read our story for three more important retail predictions for this year’s holiday season--and how you can make the most of it. |
| | --Sophie Downes Assistant editor, Inc. How are we doing? Send me ideas and feedback at sdownes@inc.com, and follow me on Twitter. Join the visionaries who choose Inc. as their trusted source for the most accurate reporting on business. Join Inc. Unlimited today. Click here to forward to a friend. |
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