Retail News & Headlines
October 01, 2021 

“Mail delivery for many Americans will slow starting on Friday, part of Postmaster General Louis DeJoy’s blueprint for overhauling the U.S. Postal Service in order to slash costs. But critics say the slower delivery standards could cause problems such as late bill delivery while more broadly undermining the public’s faith in the USPS.”

“With retailers counting on a vibrant holiday season to at least match, if not exceed, that from last year – rising 8.3% year-over-year – threatened short supplies of the most in-demand products could quash their plans. The breakdown in the global retail supply chain will be to blame.

Despite early predictions for a strong retail season with consumer demand expected to be robust, the breakdown in the supply change could put retailers’ hopes in jeopardy. They won’t be able to satisfy strong demand if the products aren’t there or delayed in arrival.

Regardless, retailers can’t count on learnings from last year’s Covid disruption to get them through the potential for even greater disruption this year.”

“There is no reliable data on how long retail workers stay in the industry. It’s famously a common first job for young people. But retail actually employs almost as many people over 55 as it does people under 25.

These are jobs to which millions of people return again and again, over a lifetime.”

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