Author Mike Duff
The annual survey Prosper Insights & Analytics conducts for the National Retail Federation demonstrated that, while not all up in 2020 versus 2019, the sales numbers for the Thanksgiving weekend period still demonstrated that the overall holiday season is on track to meet expectations.
Preliminary reports suggest that, although sales gained online, brick and mortar retail wasn’t quite as vibrant on Black Friday as in years past, although that might be a good thing.
This holiday season, Walmart has added new features to make online shopping easier for gift givers, the company announced, including new categories in the Gift Finder tool, new ways to inform customers which items can be sent as a gift and a new eGift Card feature in the Walmart app.
A new study from Bed Bath & Beyond dubbed “Enjoy the Present” suggests that consumers in the United States are ready to try new ways of celebrating the holidays.
Best Buy reported a banner third quarter, with net sales and comps surging as consumers continued to purchase a diverse range of home products for their homebound lifestyles.
Growth in comparable store sales in the U.S. and digital revenues drove Ace Hardware to a big third quarter.
With coronavirus-related shifts prompting buyers and vendors to consider new ways of doing business, opportunities for exhibitors to connect with retail customers via their High Point showrooms have emerged, according to the High Point Market Authority. For about 100 exhibitors, adaptive strategies include finding fresh ways to use their spaces at the venue to connect with buyers during off-market periods.
According to a Placer.ai whitepaper report, the 2020 holiday shopping season kicked into high gear long before the leaves changed colors, with consumer concerns over unemployment and uncertainty about meeting-up with friends and families to exchange holiday gifts prompting consideration of new ways to celebrate, not to mention Amazon’s shift of Prime Day.
In a complex retail marketplace roiled by the COVID-19 pandemic, the National Retail Federation forecast that sales in the November and December holiday season will gain between 3.6% and 5.2% this year versus the 2019 period to a total between $755.3 billion and $766.7 billion.
In a customer study, Meijer found that 60% of shoppers plan to spend the same money on food and gifts this holiday season as they have in the past but will splurge on those closest to them, with kids being particular beneficiaries.