This Labor Day, some Americans will have extra cash on hand for holiday weekend shopping.
Some people padded their savings accounts by staying home during the pandemic. And some set aside the advance payments of the child tax credit they received, points out Amna Kirmani, marketing professor at the University of Maryland’s Robert H. Smith School of Business.
But consumers who are ready to spend will face the retail impacts of the continuing pandemic, supply chain interruptions and inflation.
Labor Day savings may not be as easy to spot this year, either online or in person. In fact, for some product categories, there might not be discounts at all.
Here’s what you need to know about the sales — and why you may have to work a little harder to find what you’re looking for on Sept. 6.
RETAIL FACES TOUGH SLOG
Ramping up production after last year’s COVID-19 shutdowns has led to ripple effects in the retail world.
“We have consumers who are believed to have quite a bit of money in their pockets, but the retailers do not have a lot of product,” says Tom Arnold , professor of…
