Retailers are very confident they are going to see a great part of the shopping season begin in earnest this week on the Thanksgiving holiday.
Consumers and Holiday Shopping Seasons
Therefore, the consumers are really spending an average of nearly $1,000 during this year’s holiday shopping season. It would be gifts and other items for family members and themselves. It is roughly the same as last year. In 2019, the pre-pandemic high, though it down about $50. This is what the National Retail Federation said in a current estimate.
Some Colorado Springs retailers, whatever consumers spend, are confident they’ll see a piece of that action. Moreover, the shopping season does begin in earnest with this week’s Thanksgiving holiday. Also, it is followed by Black Friday, Small Business Saturday, and Cyber Monday.
It will carry on through the holidays, retailers optimism is very high hoping there will be strong sales this year. However, regarding COVID-19 pandemic concerns plus the nagging supply chain issues for some Springs-area stores
Good Year for Sales
“The year, 2021, has been a good year,” said Dick Frieg, who along with his wife, Mary, owns the Savory Spice Shop at 110 N. Tejon St. in downtown Colorado Springs. The store, which Frieg said was the first franchised location of the Denver-based chain of 30 locations, sells more than 400 fresh species and handcrafted seasonings, along with some food items.
“Tourists have been back in town, also people have to been back out shopping,” Frieg said. “Then it is hopeful that the last six weeks of the year. Moreover, it will be on par with the increase of we have seen so far year to date.”
Gross Sales and More
In 2021, the gross sales are up 20%, Frieg said. They are the same in the pre-pandemic year of 2019. Therefore, if that trend does hold over the last six weeks of the year. Therefore, there are accounts for about one-third of his annual sales, he would be thrilled.
Actually, he does feel good about his chances.
In the heart of the Tejon Street retail corridor is where the downtown store is sitting. Moreover, it is frequented by visitors to Colorado Springs. The state and local tourism does report that the industry rebounded this year. It is from 2020, moreover, it is still is catching up to its 2019 performance.