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Spending from consumers largely held up in the face of concerns of a recession or that it would just drop off, but there’s a limit to how much people are willing to shoulder higher costs.
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A clogged global supply chain and labor shortage are straining retailers as they prepare for the holiday shopping season, while consumer demand is expected to rebound this year.
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The holiday shopping season is here, and like most things this year, the coronavirus pandemic is complicating it. Major shopping holidays after Thanksgiving are historically crucial for all businesses, but locally owned stores especially depend on them.