‘Tis the season of holiday cheer, gift giving, and retail sales galore! As we enter into the final months of the year, the excitement of the upcoming holiday season is palpable, and it seems that consumers are just as excited as retailers.
According to recent reports, retail sales are surging ahead of the holiday season, with shoppers beginning to shop earlier than ever before. While traditionally the holiday shopping season has kicked off after Thanksgiving in the United States with Black Friday sales, this year, sales are starting as early as October, with some retailers offering pre-Black Friday discounts to get a head start on the competition.
One major factor contributing to the early surge in retail sales is the ongoing COVID-19 pandemic. With many shoppers opting to stay home instead of traveling this holiday season, retailers are capitalizing on the opportunity to offer more online deals and promotions than ever before. Additionally, as many consumers continue to work from home, they have more time and flexibility for online shopping, enabling them to start their holiday shopping earlier than usual.
Another factor driving retail sales is the increase in e-commerce. According to a recent survey by the National Retail Federation, …