Labor Day is a well-known holiday that is beloved to many Americans in the workforce. The celebrated day originated in 1882 and became an official holiday, celebrated on the first Monday, every September, in 1968. The Industrial Revolution is the driving force behind the establishment of this celebratory day.
Many businesses, small and large, will be gearing up for their annual Labor Day promotions and events. Labor Day is a popular Holiday to run final-days-of-summer promotions. This holiday is celebrated many ways including picnics, enjoying the last nice days of pool weather, or appreciating the extended weekend outdoors or at home.
Labor Day is historically among the top-rated holidays for the retail industry, as well as the restaurant industry. Restaurants and bars are expecting more business than usual on this celebratory Monday. COVID-19 created an urgency for socialization; driving crowds to the nearest restaurants, bars, and stores any chance they get.
Although some businesses can predict to retain their numbers from previous years, Labor Day, for other industries, maybe unpredictable for revenue. This Labor Day is going to hold many unknown factors for industries such as travel, restaurant, and retail. There is a large split in the population regarding citizens following social distancing regulations and citizens going out and about.
With the pandemic keeping so many inside, businesses anticipate a large increase in cash flow when the economy comes back into full swing. Until then, firms will take advantage of events, holidays, and cost-saving activities to keep their businesses flourishing through these trying times. This Labor Day will most likely be a day of appreciation for Americans, enjoying the day off, and a day of opportunity for businesses big and small.