Wednesday morning the Commerce Department reported that US retail sales grew 0.3% in November, a modest monthly increase, yet still the fourth consecutive month of growth. November sales were up 18.2% from the same month last year and they followed a 1.8% jump in October when consumers got an earlier-than-usual start on their holiday shopping.
"The 2021 holiday shopping season began in earnest on October 1," says Garrick Brown, COO and director of advisory services at Lockhouse, who joined the firm in October. The month's tally was particularly noteworthy as the average for the previous ten years had been about 3% growth annually, he tells GlobeSt.com.
GlobeSt.com caught up with Brown several days before the November retail sales numbers came out. But while a relatively strong holiday shopping season is expected, Brown also discussed the ongoing supply chain issues that have been troubling the industry and the impact those will have on the sector as well as consumers' fears over inflation. Excerpts from the conversation follow.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
