Now, in 2020, retailers managed to bring in a grand $9 billion from Black Friday shoppers. However, this year, retailers saw a slight decline, only bringing in $8.9 billion.
Again, this decline in retailer profits can at least be partially attributed to Americans who shopped online during Black Friday. On Thanksgiving Day alone, consumers collectively spent $5.1 billion on online purchases.
Will Americans get their Christmas gifts on time?
Despite more people opting to shop earlier and purchase gifts ahead of time, they are still faced with the possibility of not getting their Christmas gifts on time. Ultimately, this boils down to backed-up supply chain ports.
Republican leaders have written to President Biden, urging him to get ahold of this crisis. One of the suggestions introduced by Republicans entails pulling back certain regulations that restrict truckers.
News of Biden implementing COVID vaccine mandates for truck drivers also isn’t going over so well. Republicans have noted at such a time as this, truck drivers are in very low supply, yet extremely high demand.
