DAVENPORT, Iowa — "The retail holiday shopping season- the 61 calendar days in November and December- is the retail industry’s most important holiday season. On average, it generates 10 times the sales revenue than the industry’s second largest shopping season, the back-to-school season," according to Financial Advisor Mark Grywacheski.
"Ongoing disruptions to global supply chains though and record-setting setting labor shortages have crippled manufacturing output and distribution, especially in the key manufacturing and shipping hubs of China and Southeast Asia. Consequently, retailers are expecting a limited supply of goods this holiday season," he said.
How will these challenges impact local shoppers and retailers? Grywacheski discussed the global impact of supply chain and labor shortages Monday, October 11th. Grywacheski says you should start your shopping early for the holiday season.
"With these very limited quantities expected, the longer you wait, the less likely you are to find that specific good or that name brand you're looking for that will actually be available," he said Monday.
Grywacheski says some retailers may offer you some discount just to get you into the store, but don't expect many big discounts that you typically associate with the retail shopping season. Your Money with Mark airs every Monday morning live.