holiday

Retail
Wayfair Gains During Thanksgiving Holiday Weekend

Wayfair has reported a 36% increase year over year in direct retail gross sales, defined as dollars of order intake, for the five-day peak shopping period of Thanksgiving Day through Cyber Monday. Black Friday and Cyber Monday were Wayfair’s highest revenue days ever, the company said.

Retail
Adobe: Cyber Monday Sets Digital Sales Record

According to Adobe Analytics, Cyber Monday digital sales reached a record $9.4 billion, up 19.7% from the period last year, with $4.4 billion spent after 5 p.m. pacific coast time.

Retail
NPD: Black Friday Still Dynamic

Black Friday remains a meaningful date even as retailers stretch out the promotion to as long as a week. About 17% of consumers responding to The NPD Group’s 2019 Holiday Purchase Intentions Survey said they plan to wait to start their holiday shopping on Black Friday itself.

Retail
NRF: Holiday Shopping Concentrated Earlier

More than half of consumers began shopping for the holiday by the first week of November and almost a quarter of purchases were made by then, according to an annual survey published by the National Retail Federation and Prosper Insights & Analytics.

Financials
Macy’s Cuts Guidance After Q3 Stumble

The third quarter was a tough one for Macy’s, so much so that the company reduced its full-year earnings per share guidance by 28 cents and its comparable store sales from flat to slightly up to negative territory, down 1.5% to 1% in its owned plus licensed stores.

Financials
Walmart Approaches Holidays After Strong Q3

As Walmart prepared in stores and online for the upcoming holiday season, the retailer posted a strong third quarter, with both net income and sales growth as well as the Walmart U.S. division in particular recording a solid performance. 

Retail
Deloitte: Experiences Trump Gifts For The Holidays

The consumer spend will gain but experiences continue to weigh against product purchasing as the holiday season approaches, according to Deloitte’s annual Holiday Survey. Two-thirds of respondents stated that they plan to spend on travel or socializing outside their homes as part of their year-end festivities.

Retail
Study: Consumers Seeking Holiday Gift Buying Help

A big proportion of consumers are looking for gift giving ideas for the holidays, giving retailers a sales opportunity, according to the 2019 “Holiday Season Shopping Report” from Periscope by McKinsey, which undertakes marketing and sales analytics.

Retail
J.C. Penney Hiring Seasonal Associates

With the holiday season approaching, J.C. Penney is aiming to increase its staff for seasonal shopping, with plans to hire approximately 37,000 seasonal associates for a variety of positions in stores, e-commerce facilities and customer care centers.

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