a teddy bear wearing a hat

Media / Blog

Santa In October?

Prev

Should You Take a Home Improvement Loan?

October 10, 2021

Santa In October?

A majority of Americans buy their Christmas gifts in the week before Christmas. It may be time to switch up the strategy this year.

It's been a crazy year globally for supply chain everywhere and it will majorly affect shipping times and costs this holiday shopping season. Salesforce.com, Inc. forecasts a 20% increase in prices this season due to the bottlenecks at ports, factory closures overseas, and higher costs for shipping containers.

Continued labor issues will cause costs to rise as well. There are currently 70% more job vacancies than before the pandemic and 10% less people looking for work. Not only have factories closed due to COVID-19 but many around the world do not have enough workers to make products, let alone sell them. If the coronavirus has as big of a surge as last fall and winter, these factors could become even worse. DollarTree recently said one of its ships was delayed two months after a crew member tested positive for COVID.

For most of us who haven't shopped yet, you will start to see costs increase already. So what do you need to do to take advantage before these costs and delays take advantage of you?

  • Shop now! What are you waiting for? 62% of Americans buy their gifts in the week before Christmas and nearly 29% more start in November. Get out there and beat the crowds and the prices!
  • Get out and shop in person. 2020 saw a historic holiday shopping season for digital sales, exceeding over $1 TRILLION in spending. Salesforce forecasts an even bigger 2021 for digital sales, projecting another 7% increase this year. Many delays will be seen as well as potential higher shipping costs. From October 3 to December 26, USPS is raising prices to cover "extra costs" over the holidays.
  • Find retailers trying to lure consumers into shopping early. Companies like Target are jump-starting their holiday season with a "Deal Days" event in October that takes their typical discounts they offer for e-commerce and for the first time extends the deals to their 1,900 brick and mortar stores. Target is also extending their holiday price-matching program, which offers customers the chance to ask for an adjustment on all items purchased between October 10th and December 24th if prices drop (hint, hint: not likely but its nice to have the option, right?)

No matter what holiday you celebrate this season, you can take the stress and pressure of shopping off your plate by starting early so you can spend December enjoying your loved ones and saving yourself some money and headaches in the process!


Next

PPO or High Deductible Healthcare Plan: Which is Better?

About the author

a young man wearing a suit and tie smiling at the camera

Tyler Huck

Vice President, Private CFO®

Tyler Huck is a Chartered Retirement Planning CounselorSM. He is a Vice President and Private CFO® at oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/tylerhuck or on Twitter @tylerhuck.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. Investor Disclosures: https://bit.ly/KF-Disclosures

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

Sign Up

Sign up for our exclusive Sunday Paper with a weekly market commentary, insightful personal finance blogs, and life changing education guides.

Email sign up

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact Kestra IS Compliance Department at 844-553-7872.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. Kestra IS and Kestra AS makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is Kestra IS and Kestra AS liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.