Day: January 2, 2022

Retailers optimistic for 2022 however some count on a return to norms

Retailers optimistic for 2022 however some count on a return to norms

HIGH POINT — The final 20 or so months have been unprecedented within the dwelling furnishings trade.

Customers, working and education from dwelling, have made myriad investments of their environment, shopping for furnishings and décor in report numbers, which has produced back-to-back banner years in retail. Nonetheless, headwinds similar to provide chain difficulties and labor considerations have pushed again in opposition to these good points, creating value pressures and longer than regular waits.

As we glance towards 2022, retailers imagine that good instances nonetheless lie forward. They count on gross sales figures to stay excessive for some time, however finally issues ought to degree again off to one thing nearer to pre-2020 ranges, significantly as COVID-19 considerations ease off and shoppers start spending extra discretionary {dollars} on holidays and experiences.

Conversely, the availability chain ought to start unkinking sooner or later this yr, easing a few of the pressures retailers are going through.

Jerry Epperson An insider’s view

Jerry Epperson

Trade analyst Jerry Epperson says whereas nothing compares to the latest run of sizzling instances within the trade, there are some practically 50-year-old echoes that may function a roadmap of types for what would possibly lie forward.

“It’s all fascinating to me. I’ve been within