Consumer savings could make for a healthy holiday shopping season. With restrictions on travel, dining and in-person shopping this year, consumers have accrued billions if not trillions of dollars during the pandemic. RetailSpaces brought retail industry leaders together virtually for The Rollout Event to discuss expectations for the holiday shopping season, and unanimously, participants held a bright outlook.

The conversation included Tom McGee, president and CEO of ICSC; Matt Boss, head of consumer products at TD Bank; and Rob Almond, CEO of NEST, and each believed that pent-up demand and consumer capital will drive increased spending this year.

"Consumers are sitting on billions if not trillions of dollars. Since March, if you look at the total deposits between consumers and small business, you would estimate that they are up somewhere between $1.5 trillion to $2 trillion. Retail sales in home furnishings, toys and those types of products are doing exceptionally well, and you are seeing some of that physical spend start to come back. So, I do think that there are reasons for optimism," Boss said.