Small businesses are stocking the shelves early this holiday season and waiting to see how many gifts inflation-weary shoppers feel like giving.
Holiday shopping was relatively strong during the past two years as shoppers flocked online to spend, aided by pandemic stimulus dollars. Sales in November and December have been averaging roughly 20% of annual retail sales, according to National Retail Federation, making the holiday season critical for many retailers.
Max Rhodes, CEO of Faire, an online marketplace used by small businesses to sell their wares wholesale as well as buy goods for retail shops, said he’s seeing earlier ordering from merchants who for two years had trouble getting enough holiday inventory stocked in time for Christmas.
“The one thing we’re certain of is it’s not going to be predictable … We really don’t know what to expect and our retailers feel the same way,” Rhodes said . “There is less money going around to the average person and we expect their living expenses to impact how much they can spend on holiday shopping,” Nash said.
Major retailers such as Amazon and Walmart are also offering holiday deals to cash-strapped Americans earlier this year. Amazon held a two-day discount event on Oct. 11-12 where the average order was $46.68, $13 less than what shoppers spent during the company's Prime Day sales event in July, according to the data group Numerator.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
25 Bad Bunny-Inspired Products From Small BusinessesTu no eres bebesita, eres bebesota (with really cool Bad Bunny–inspired stuff).
Read more »
Texas Educators Not Alarmed By Small Downtick in National ACT ScoresACT scores released this week announced a 30-year low in average test scores across America. What needs to be done? How do we fix this?
Read more »
41 Migrants Found in Small Travel-Trailer Stash House near Border in New MexicoEl Paso Sector Border Patrol agents rescued a group of 41 migrants being held in a makeshift human stash house. The smugglers utilized a tow-behind travel trailer to hold the migrants.
Read more »
Small town Sask. wary, hopeful as province posts 175 health-care jobsThe local hospital in Wolseley has been closed since 2020. Despite job postings, Mayor Gerald Hill feels the town has been forgotten. saskatchewan saskhealthcare
Read more »
Reviewers Call These Car Seats The 'Holy Grail' For Small CarsThe best car seats for small cars fit your child, your vehicle, and your budget.
Read more »
Seat of Power: Elbow wants Lake Diefenbaker protected as possible small nuclear reactor loomsICYMI While a small modular nuclear reactor in Elbow could bring economic development, residents their lake preserved, reporter Jeremy S saskatcheeasaskatchewan elbow nuclear
Read more »