10:11 h / 2021/09/21
The issues with the global supply chain are commanding headlines on a daily basis, but retailers are still doing big business.
According to the National Retail Federation (NRF), retail sales spiked in August as consumer demand continued to outweigh the multitude of issues affecting businesses right now. The U.S. Census Bureau reports that August sales were up 15.1% over the same period last year while the NRF - which uses a different methodology - reports a 12% climb.
The toy industry continues to battle the same issues facing every consumer products industry right now, including uncertainty regarding product availability in the fourth quarter.
Looking ahead into next year, the NRF has revealed plans for a new annual event that aims to address ongoing global supply chain issues.
The inaugural NRF Supply Chain 360 event will take place June 20-21, 2022 in Cleveland. Tractor Supply Co. (TSC) President and CEO Hal Lawton will be the opening keynote speaker on Monday, June 20.