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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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Holiday decorations could be in even higher demand this year

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
August 17, 2021, 6:15 PM ET
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Americans snatched up yard decorations from Halloween through Christmas last year—and early signs show they’re just as eager to do so again in 2021.

Home Depot on Tuesday said an early release of its Halloween decorations sold out “almost immediately.” More spooky inflatables, gravestone markers, and maybe even the hit $300 12-foot skeleton will hit stores in the coming weeks, but that enthusiasm could be a canary in the coal mine as far as people looking to deck the halls later this year.

Many retailers ordered extra holiday decorations last year but found themselves unable to keep up with demand. Americans embraced decorating as a way to distract themselves from the weariness of stay-at-home orders. Couple that ongoing enthusiasm with shipping issues that could impact inventories as the holidays draw near, and it could be even harder for people to find decorations in the coming months.

This latest round of decorative exuberance could get a boost as the Delta variant of COVID-19 surges throughout the country, and more and more companies push back their return-to-office dates. That could be good news not just for Home Depot but other retailers, including Walmart and Target.

Holiday decorating enthusiasm isn’t helping the company’s stock, though. Home Depot shares were down 5% in midday trading Tuesday, following the company’s quarterly earnings announcement. Officials said the number of shoppers was down in the second quarter and refused to provide a full-year outlook. Quarterly profit and revenue topped Wall Street estimates, but same-store sales were slightly below expectations, as people resumed activities outside of the home.

More must-read retail coverage from Fortune:

  • Adidas gives Reebok the boot. Will this go down as one of the worst sportswear acquisitions ever?
  • Grocery prices continue to rise—and there’s no end in sight
  • Walmart is paying bonuses to employees who delay vacations
  • Yelp lets customers find businesses requiring vaccinations—and tries to head off negative reviews
  • The future of Parisian retail is also its past

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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