This holiday season will not be ordinary: 4 challenges facing luxury retailers

The National Retail Federation expects holiday sales will grow between 3.6 percent and 5.2 percent this year compared to last season. But let us not kid ourselves: despite the incredible opportunity that exists, the next few months are going to challenge luxury retail operations of all sizes.

The lingering labor shortage is not only impacting whether stores are fully staffed, but also hindering things such as facilities maintenance and repairs because contractors are stretched harder to find in a pinch.