Katy area shoppers ready to spend this holiday season
A strong economy, coupled with an “energy industry that has rebounded from a downturn,” might have many shoppers in the Katy area hitting their local mall this holiday season.
Lance LaCour, President and CEO of the Katy Area Economic Development Council, said the current state of our economy, particularly in the Houston region and the Katy area, is strong which should translate to strong spending during the holiday season.
With no more than four full weeks of shopping between Thanksgiving and Christmas, consumers have picked up their spending, he said, adding that specifically, the energy industry has rebounded from the downturn which has positively impacted the spending power of many in the Katy area.
More than one year ago, many Katy area residents were deeply impacted by Hurricane Harvey, which left many in the greater Houston struggling to rebuild their homes.
“With the diligent work of numerous organizations and our community members, the Katy area, for the most part, has recovered,” LaCour said. “However, there is certainly work to be done.”
The Katy EDC continues to advocate for flood mitigation infrastructure improvements throughout the Katy area, he said.
“We must not forget the impacts of Harvey, and it is important our community does everything possible to prevent such an event from occurring again while continuing to assist those who may still be feeling the impacts,” LaCour said.
According to a recent Associated Press article, many retailers are looking at creative ways to hire more permanent workers instead of “seasonal” help.
The November jobs report by the United States Bureau of Labor Statistics showed that the U.S. added 250,000 jobs in October, while unemployment rate stayed at 3.7 percent - the lowest its been since 1969.
But LaCour said businesses in Katy are unaffected.
“Katy area businesses regularly hire seasonal help,” he said. “This year is no different and there is a great deal of opportunity for those looking for seasonal work.”
Consumers can find many places in the Katy area to spend their money, LaCour said.
“Our area is home to a variety of retailers ranging from local small businesses in downtown Katy to our mixed-use shopping destinations such as Katy Mills Mall and LaCenterra,” he said. “We encourage our community to patronize our local businesses for all of your holiday needs!”