The coronavirus outbreak continues to be a major concern across the earth with the situation aggravating in the United States, Europe and in India. Unfortunately, the health crisis already claimed more than a million lives globally.
Moving on, even as the U.S. economy is reopening in phases and social-distancing restrictions are being eased, people are trying to minimize human-to-human contact. It’s largely because the pandemic resulted in some changes in the lifestyle and preferences of Americans.
Meanwhile, the holiday season is around the corner, which generally marks the late October-December period. This time of the year is one of the most important phases for a large number of companies from the business point of view. The quarter also witnesses some popular retail events like Halloween, Thanksgiving, Cyber Monday, Black Friday and Christmas, which increase its significance to the retailers.
According to Deloitte’s report on holiday spending forecasts, retail sales may