"We know, unfortunately, that when the variants have had a real impact on the economy, the goods side of the economy has actually benefited from that because people change behavior away from the experience side of the economy and spend more time and more dollars engaged in the goods side of the economy."

National Retail Federation (NRF) chief executive officer Matt Shay, commenting on a conference call with reporters earlier this week, as noted by CNBC in its story, “Concerns Over Omicron Could Shift Spending Away From Experiences, Retail Trade Group Says”