Holiday 2020 Retail Predictions

Businesses will be combatting a decrease of physical shoppers and are now required to implement added safety measures.

Holiday 2020 retail predictions. Alexis focuses on us retail and ecommerce reports. Growth represents yoy change in us market only. The last two months of the year are always critical for us retailers.

5 retail holiday predictions for 2020 in an unpredictable year it s hard to see what s on the immediate horizon particularly when it comes to consumer spending habits. Because of covid 19 however it s shaping up to be a holiday season like no other and nobody knows. There is no doubt the holiday season is a critical time for consumer spending but retailers face unprecedented challenges in 2020 due to the impact of the coronavirus.

The retail industry s 2020 holiday shopping predictions provided by quartz a star shaped placard hanging from a christmas tree states the last two months of the year are always critical for us. Yes it may be challenging to manage increased demand and finite shipping resources for the brands who ve traditionally relied more on in person and brick and mortar sales. What to expect over the coming weeks.

Holiday season is november and december. To sum it up the best news we ve found for the world of retail in 2020 is that most ecommerce brands will do well this holiday season. Due to the covid 19 pandemic large retailers and small businesses alike are up against a large challenge when it comes to holiday shopping.

Alexis is a senior research analyst at mintel. According to deloitte holiday retail sales this year are forecast to rise between 1 and 1 5 amounting to between 1 147 trillion and 1 152 trillion during the november to january time frame. 2020 growth rates are bain s forecasts.

November 25th 2020november 25th 2020. Bain defines us retail sales as unadjusted in store and nonstore e commerce and mail order excluding sales by auto and auto parts dealers gas stations and restaurants.