- June 11, 2021
- Posted by: Stratford Team
- Category: Business
And Americans are in the mood to shop. Earlier this week, the National Retail Federation upped its annual forecast for 2021 as the economic recovery picks up faster than anticipated. The group anticipates retail sales will grow between 10.5 percent and 13.5 percent to more than $4.44 trillion this year.
Terry Garbarini owns Garbarini, a clothing boutique in Cherry Creek North. She’s been in business for almost 40 years. After a very difficult year, traffic started picking up at the beginning of March as the pace of vaccinations accelerated, she said.
“It actually just keeps getting busier and busier and busier… We don’t know how long this is going to last, but it’s obviously kind of some pent-up demand because people sat at home for a year,” Garbarini said.
Keeping shelves stocked is a challenge, Garbarini said. She’s ordering new inventory every week. Items are selling out quickly, and her inventory was already low because ordering…