The US inventory gap is as high as 41 billion US dollars! These categories will increase prices during the "Black Friday" period!

It is learned that according to a new study by international insurance company Euler Hermes, the prices of toys, clothing, home appliances, furniture, computers, sporting goods and TVs for Americans during this year's "Black Friday" will increase compared to 2020, with the increase ranging from 5% to 17%.

It is reported that sales of non-essential retailers in the United States have increased by $400 billion since 2019. Among them, online retailers selling hobbies and home decoration products have seen the largest sales growth. Euler Hermes analyzed the inventory-to-sales ratio of major discretionary retail sectors and found that current inventory levels are far lower than the average level 10 years ago. Among them, non-essential retailers currently have an inventory gap of up to $41 billion. The following figure is the inventory-to-sales ratio:

It is understood that the 2021 "Black Friday" coincides with rising prices in the US economy: US inflation in October increased by 6.2% year-on-year, reaching a record high since 1990. Experts from Euler Hermes pointed out that the products with the highest demand during the "Black Friday" period will see the largest price increases, such as toys, which will see an average price increase of 5%, clothing (+10%), household appliances (+12%), furniture (+14%), computers and sporting goods (+6%), and televisions (+17%). The prices of these products will all see a wave of price increases. This means that the prices of furniture and household appliances will increase by an average of $24 and $25, and the prices of computers and televisions will increase by an average of $39 and $72.

Editor ✎ Estella/

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