Q: Do you expect this latest round of stimulus checks to boost retail business going forward?
Steve Pruitt: Many of our better menswear customers probably won’t qualify for stimulus checks, but it will definitely have a ripple effect. We see a lot of small business owners shopping in our stores and this will likely improve their businesses, and increase consumer confidence overall. It will also bring relief to many of our salespeople and staff.
Every day we are seeing a better retail environment so I have optimism as we head into late spring. There are still some inventory issues to work out due to shipping delays, but demand is growing and merchants have to be flexible when it comes to sourcing, especially since these delays will likely drag into fall.
So, yes, this new round of stimulus is good news, but it is also just one piece of an overall upswing.
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