Individuals are nonetheless spending extra of their cash on stuff than they did earlier than the pandemic. There’s little purpose to suppose that’s about to cease.
Early within the pandemic, unable to spend on issues similar to touring and eating out, and with their funds buoyed by authorities aid, folks purchased items with abandon. This performed a job within the supply-chain snarls, the hefty value will increase that beset the economic system, and in retailers’ scramble to safe as a lot stock as doable. Because the economic system progressively reopened there was a reversal that left many shops burdened with greater than they wanted.
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