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.
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.
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.
The NPD Group’s Future of Home report predicts 15% year-over-year dollar growth for the home products sector during the fourth quarter as the COVID-19 pandemic, and the new habits it is prompting homebound shoppers to develop, continue to reorder the marketplace.
Instacart has kicked off a new nationwide partnership with Best Buy to offer same-day delivery from nearly all Best Buy locations across the U.S. Customers nationwide now have access to a selection of Best Buy’s electronics and tech products delivered same-day, including small appliances.
Deloitte has released the latest edition of the company’s “Global State of the Consumer Tracker,” which points to gains in consumer confidence and convenience-based shopping habits.