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When Christmas rolls around, my wife puts out a very small tree and some stuffed ornaments we bought a few years ago at Target.
That's a pretty modest approach to decorating for the holidays compared to many of our neighbors.
At the house we just moved out of, some homes added tasteful lights, others opted for religious displays, and a few opted for a whole lot of inflatables.
In some cases, the spending was significant, although many of the items were reused year after year.
Decorations are a small but meaningful part of holiday spending.
Americans planned to spend an average of $1,172 on travel, $632 on gifts, $351 on entertaining, and $227 on decorations, according to aBMOsurvey conducted before the 2024 holiday season.
Getting those items may be more of a challenge this year, asGordon Companies, which runs a number of Christmas-themed websites and lists Target, Kohl's, Home Depot, Walmart, Amazon, Lowe's, and Michaels as retail partners, has filed for Chapter 11 bankruptcy.
When TheStreet first covered this story on Sept.
15, few details had been released about the filing.
Now, it appears that at least some of the retailer's problems are related to a failed effort to implement a new inventory and order management system.
"Earlier this month,Gordon filed an amended complaintin the same court district against Vision33, a SAP reseller and implementation partner, alleging it paid the vendor more than $2 million for an ordering and warehouse operations system that "never performed the function for which it was bought," according toRetail Dive.
Vision33 did not immediately respond to Retail Dive's request for comment on the claims.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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