Holiday Retail Sales Could Soar 11.5% by the Time the Season Is Done
It's fair to say 2020 was a miserable year for retailers -- and for the real estate investors who suffered financially in the wake of widespread store closures. Last year saw a record number of retail bankruptcies, and while that hasn't been the case in 2021, shopping centers and malls are still grappling with high levels of vacancies.
In fact, retailers need a strong holiday season to recover from the blow of 2020. And so far, there are a number of factors getting in the way of having that happen.
First, supply chain issues are causing huge bottlenecks and are forcing retailers to pay a premium to procure the goods they need to fill their shelves. These holdups are also creating an inventory shortage for some retailers, which is something they can't afford during the holidays.
Source Fool.com
