Retail News

COVID-19 concerns will cut trips to stores over the holidays

CNBC 10/20/2020

Americans are planning to visit an average of 5.2 stores this holiday, down from seven last year, according to Deloitte. The consulting firm expects one-stop store outlets such as mass merchandisers to benefit as consumers look to reduce the number of places they shop. “If I can go fewer places and if I can check [more] things off my list… I think that’s going to bode well for mass retailers,” said Rod Sides, a vice chairman of retail and distribution at Deloitte. “We’re all used to going there, and we’re used to their safety protocols.”

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