In a season when holiday shopping began early, November retail sales dipped from the month before but still enjoyed a sixth consecutive year-over-year gain, according to the National Retail Federation.
The National Retail Federation reported that retail sales gained for the sixth month in a row during October, with sales higher than the same time last year as the U.S. economy continued to recover and consumers began their holiday shopping early.
October saw Costco continue its strong recent sales momentum.
J.C. Penney is kicking off holiday shopping in mid-October with new brands and deals to get customers in the spirit of saving, offering Black Friday pricing throughout November, and capping off with value on all holiday gifts through December.
As it faces an unusual end of the year, when COVID-19 will continue roiling retail, Target has begun laying out its holiday plans including early promotions and a major expansion of the products the company provides under its delivery and pickup initiatives.
Consumer sentiment remained unchanged in early November from early October, according to Prosper Insights & Analytics, with 42.7% of consumers saying they were confident or very confident in the prospects for the economy.
In October, Fred’s recorded a sales decrease of 4.2% to $157.3 million as comparable store sales slipped 3.4%.
After rebounding for two months, consumer sentiment fell in early October, with 42.7% of consumers saying they are confident or very confident in the prospects for the economy, according to Prosper Insights & Analytics.
Bed Bath & Beyond has dropped its October online catalog and the focus is home environment.
For the four-week fiscal month of October, Costco Wholesale Corp. posted comparable store sales, without the effects of gasoline price…
Consumer confidence slipped slightly month over month, with respondents to the Prosper Insights & Analytics October survey slightly more wary…
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