Mining the 1.3 trillion 2021 "holiday sales season" market! Lowe's has prepared for peak season sales in advance!

It is learned that in preparation for the 2021 "holiday sales season", the US retail giant Lowe's has been scrambling to deal with supply chain bottlenecks in advance. Currently, Lowe's has prepared a large amount of inventory in advance to prepare for peak season sales.

Lowe's current preparations have progressed to delivering inventory to warehouses and replenishing online and offline stores.

Chief Financial Officer David Denton said: "Lowe's will invest $1.7 billion in its supply chain over the next five years. We are now ready for Halloween. We expect that Christmas sales will peak early this year, so we have prepared sufficient inventory in advance to avoid out-of-stock situations to the greatest extent possible and continue to improve our delivery services.

Last year, holiday sales increased 5.8% year-over-year. According to a Deloitte survey, 2021 holiday sales are expected to increase 7% to 9% over last year. Total sales could be as high as $1.3 trillion. E-commerce sales are expected to increase 11% to 15% year-over-year, reaching $218 billion.

It is understood that other US retail giants are also preparing for the 2021 "holiday sales season" in advance. Best Buy and Macy's strategy for preparing for the peak season is also to prepare sufficient inventory in advance.

Editor ✎ Estella /

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