With inflation pushing consumer prices higher and the novel coronavirus pandemic creating uncertainty among shoppers, retail sales ahead of the Yuletide season are lagging, with expectations for a soft Christmas shopping season which normally accounts for roughly a quarter of annual sales for most businesses.

President of the Private Sector Organisation of Jamaica (PSOJ) MSME Alliance Donovan Wignall confirmed the lag in consumerism in an interview with the Jamaica Observer.

 

“A lot of people have been hit in their pocket book. The COVID pandemic has really caused a downturn period for people who usually would have disposable cash at this time,” said Wignall.

https://www.jamaicaobserver.com/business-observer-daily-biz/consumer-spending-lags-ahead-of-holiday-shopping_237060?profile=1056