It’s only September, but Santa Claus is already nervous about coming to town. The result will be a 2020 season that is transformed in fundamental ways — and unlikely to make up for the severe drops in revenue caused by the shutdowns. In August, the Commerce Department reported that retail sales in the United States rose 1.2 percent in July, the third straight month of growth. But the increase slowed noticeably from June, and the way Americans are shopping has changed significantly. Customers have moved online in greater numbers, hoping to avoid crowds at stores, and retailers are already adjusting their holiday plans accordingly.

Source: International New York Times September 02, 2020 16:30 UTC