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As they grapple with an ongoing pandemic and the supply chain shortages it has created, consumers are being urged to get their holiday shopping done earlier than usual this year. And while November typically kicks off the holiday buying season, the labor shortage and inventory constraints may force shoppers to rethink those plans.
Deloitte’s annual holiday retail forecast predicts that the November-January timeframe could boost sales by 7-9%, pushing total holiday sales to about $1.3 trillion.
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