Americans Are Super-Gloomy About Holiday Spending, but Industry Ramps Up for Blockbuster Christmas

by Wolf Richter
Wolf Street

Something is afoot here. And someone is going to be wrong.

That would be embarrassing: There has been the massive surge in shipments to and within the US, amid warnings of shipping capacity shortages, as companies are stocking up for the holiday shopping season because they don’t want to run out of merchandise, following record retail sales over the past few months, along with supply shortages. Americans were spending their extra unemployment money and stimulus checks, and spending money on stuff that they didn’t spend on services such as vacations, flights, and hotels, and spending money they made working from home and in the stock market. The expectation in the industry is that this surge in retail spending would continue and lead to blockbuster holidays sales.

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