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Chasing Life

Holiday Shopping is a Mixed Bag

Chasing Life

CNN

Nutrition, Health & Fitness, Mental Health

4.58K Ratings

🗓️ 30 November 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

Coronavirus has changed a lot about this holiday season. And the pandemic-induced recession means the way people spend their money is different too. One portion of the country may be spending big, while the other struggles to get by. CNN’s Chief Business Correspondent Christine Romans explains how the entire holiday shopping window is different this year and what that means for all of us.     To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

We are officially now in the lead up to the big holiday season.

0:06.5

My kids have been baking lots of treats.

0:08.6

I'm starting to see people in my neighborhood switch out their fall decorations for their

0:12.5

Christmas ones.

0:13.5

You know, I normally wouldn't have even paid attention.

0:16.0

I'm typically so busy and not at home, but this year my wife and I have been taking lots

0:20.5

of walks around the neighborhood.

0:22.6

And of course, lots of people are shopping.

0:25.6

This is always an important time of year for retail.

0:28.5

And that's especially true this year.

0:30.7

A lot of retailers are hoping shoppers are willing to spend big this holiday season to make

0:35.7

up for sales that they've lost as a result of the pandemic.

0:39.5

But this year, between the public health crisis and also the recession, stores are going

0:43.9

to have their work cut out for them.

0:46.2

So to try and break down, how stores are thinking outside the box to try and keep shoppers

0:51.7

safe and to try and still increase sales, I'm going to hand today's episode over to

0:56.5

CNN's Chief Business Correspondent, Christine Romance.

1:00.2

She tells us what stores are doing differently this year and what those changes are going

1:04.6

to mean for all of us.

1:06.5

I'm Dr. Sanjay Gupta, CNN's Chief Medical Correspondent.

1:10.5

And this is coronavirus, fact versus fiction.

1:19.6

Most years, there's a kind of urgent excitement around the very American phenomenon of Black

...

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