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Shop early and expect to pay more: Supply-chain issues could be a stumbling block to upbeat holiday shopping forecasts

·4 min read
Shop early and expect to pay more: Supply-chain issues could be a stumbling block to upbeat holiday shopping forecasts
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Holiday retail-sales forecasts have started rolling in, with Deloitte expecting sales to grow 7% to 9% from a year ago, totaling between $1.28 trillion and $1.3 trillion. Mastercard SpendingPulse (MA) is forecasting a 7.4% retail-sales rise for the season, excluding automobiles and gas. Many of the hurdles can be traced back to the COVID-19 pandemic, which has caused supply-chain problems across everything from clothing to shoes to food for 20-plus months.