Victoria's Secret parent L Brands warns it might not be able to handle the holiday rush, as retailers plan for a shopping season unlike any other
Reuters
- Retailers are bracing for a holiday shopping season unlike any other.
- Some, like Victoria's Secret and Bath & Body Works parent L Brands, are warning that pandemic-related restrictions and a surge in online shopping could create some roadblocks.
- Many retailers are getting holiday deals going earlier than usual to avoid crowds and shipping bottlenecks.
- In an earnings call, Kohl's execs referred to shipping surcharges by FedEx, UPS, and the USPS as an additional "headwind."
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Retailers are already warning that the upcoming holiday shopping season will be unlike any other before.
The coronavirus pandemic has upset supply chains, created a surge in online shopping, and led to social distancing protocols being enforced in stores.See the rest of the story at Business Insider
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