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Will the price be right? What shoppers can expect for the holiday season
Tariffs and inflation have caused retailers to stock early and hire seasonal workers as 70% of shoppers plan to buy during Thanksgiving week, the Michigan Retailers Association said.
- This holiday season, Michigan retailers are preparing for higher prices and tighter inventory, with about 63% expecting sales to increase through the end of the year.
- Tariffs and rising logistics costs have disrupted summer toy production, pushed wholesale prices higher, and lengthened overseas shipments by about eight weeks, complicating imports and restocking, Genuine Toys owner Elle Dare said.
- Retailers are responding by buying inventory earlier, opening warehouses, and hiring seasonal workers; Amazon is creating 250,000 seasonal positions nationwide, including 6,500 jobs in Michigan, while local shops add staff and impose purchase limits.
- Analysts warn that Deloitte projects average consumer spending at $1,595 this year, down 10%, while 70% of shoppers plan to buy during Thanksgiving week when traffic peaks.
- Retailers have already begun early promotions, with Walmart previewing Black Friday deals starting Nov. 14 and Meijer running toy offers through Nov. 4, while Michigan State University supply-chain experts advise shoppers to buy early due to delays until January.
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Will the price be right? What shoppers can expect for the holiday season
FERNDALE, Mich. — Concerned about this year’s holiday season, the owners of Modern Natural Baby and Kids planned ahead. In addition to mailing out 10,000 Christmas catalogs for the first time, the store opened a warehouse to house more inventory,…
Coverage Details
Total News Sources17
Leaning Left0Leaning Right1Center15Last UpdatedBias Distribution94% Center
Bias Distribution
- 94% of the sources are Center
94% Center
C 94%
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