With last year’s in-store Christmas shopping stifled by the emergence of the Omicron strain of the novel coronavirus, and supply chain disruptions preventing orders from hitting the shelves on time, retailers ended up sitting on a lot of seasonal inventory. They packed it away for a year and, now as a new Christmas season approaches, they are selling it again.
In July of this year retailers had $548.8 billion of inventory packed away, and now holiday sweaters, decorations and artificial trees that have spent a year in storage are beginning to hit the shelves, according to Reuters.
