Priest reinforced a sentiment shared by many retail leaders in recent weeks, noting that the FDRA hopes the government continues to look for longer-term solutions “to ensure that the economy doesn’t take further hits from the pandemic as it continues to move forward.”Īmong those solutions, added Priest, are effective vaccines as well as efficient distribution of such vaccines. While most third stimulus checks already have been sent, there is already talk of a fourth stimulus check. “Ultimately, cash injection into the system is going to be helpful in the short-term for consumers and for those of us who sell consumer goods.” “If the Democrats are able to flip the Senate, I think you’ll see bigger movement and quicker movement to get that $2,000 check extended and pushed out, having already passed the House,” said Matt Priest, president and CEO of the Footwear Distributors and Retailers of America. But that may not be entirely within Biden’s control since a stimulus bill calling for such payments will require a two-thirds majority vote in the Senate in order to make its way to the president’s desk for signing. The hope for many Americans - as well as struggling retailers - is that another $1,400 will hit their bank accounts in the coming weeks. Why Shoe Designers Shouldn’t Be Afraid of AIĭuring a news conference several days before Christmas, Biden referred to the $600 that the Internal Revenue Service has started depositing into qualified Americans’ bank accounts as a “down payment,” and further promised to push for more direct checks following his inauguration.
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