Below you will find a few summaries from various news resources:
According to CNBC posted by Lauren Thomas on Saturday November 25,
2017 Black Friday sales are helping boost some department stores.
Black Friday boosts battered department stores, some of which are
claiming a 'record' weekend The following three points are from
information found in Lauren's article.
- Kohl's said it delivered a "record-breaking" Thanksgiving, both
in stores and online. "Black Friday sales and traffic have
been very strong, both online and in store — well ahead of last
year," Kohl's CEO Kevin Mansell said in a statement Friday evening.
- On Thanksgiving Day, J.C. Penney said its website received the
most visits of any day so far this year. "Hundreds – and, in
some cases, thousands – of shoppers lined up outside our stores for
popular items such as the cooks air fryer, Xersion puffer jackets,
diamond jewelry and smart watches, Nike athletic apparel and shoes,
and toys," the company wrote in a press release.
- Macy's said it's on track to sell more than 1 million coats,
sweaters and fleece jackets by the end of the weekend. Macy's
strong start to the day was marred by a credit card slowdown Friday
afternoon, which inconvenienced many shoppers and delayed some
purchases from going through. The issue was resolved by Friday
evening, and Macy's said it doesn't expect the glitch to have any
Adobe Insights, which measures 80 percent of online transactions at
100 major U.S. retailers, said a record $5.03 billion was spent online
by the end of Black Friday, an increase of 17 percent from 2016.
Black Friday, Thanksgiving online sales climb to record high By
Richa Naidu, Reuters - 9:28 PM ET 11/25/2017 (Reuters)
U.S. retailers raked in a record $7.9 billion in online sales on
Black Friday and
Thanksgiving, up 17.9 percent from a year ago, according to
Adobe Analytics, which measures transactions at the largest 100 U.S.
web retailers, on Saturday.
Black Friday Online Sales Surge to New Records With Mobile Pushing
Fastest By David Z. Morris November 26, 2017 (Fortune)
- Online sales volume on the Black Friday shopping day grew 24%
year-over-year, according to data from Salesforce’s retail
intelligence unit. Salesforce says 42% of Black Friday orders were
placed on a smartphone, and only 49% on a desktop or laptop
computer. That marks the first year that computers generated less
than half of all online orders.
Stores were emptier than ever this Black Friday — but sales are soaring
by Kate Taylor November 25, 2017 (Business Insider)
- Some shoppers were surprised to find empty Targets, Best Buys,
and Walmarts when they showed up for Black Friday shopping.
- Empty malls seem like bad news for retailers. However, with the
growth of e-commerce and services like in-store pickup, retailers
can cut down on store traffic while still growing sales.
- Another reason that stores are emptier is due to Black Friday
sales being spread out almost a whole week instead of centered on a
single day. Cyber Monday is anticipated to generate more money than
Black Friday. Thanksgiving Day is also increasingly important,
growing sales by almost 15% from 2016 to 2017, according to data
collected by tax automation software provider Avalara.
National Retail Federation: NRF is the world’s
largest retail trade association, representing discount and department
stores, home goods and specialty stores, Main Street merchants, grocers,
wholesalers, chain restaurants and internet retailers from the United
States and more than 45 countries. Retail is the nation’s largest
private-sector employer, supporting one in four U.S. jobs — 42 million
working Americans. Contributing $2.6 trillion to annual GDP, retail is a
daily barometer for the nation’s economy.
National Retail Federation Black Friday 2017 (November 27, 2017)
- When it comes to where consumers shopped over the weekend, the
survey found that 44 percent went online and 40 percent shopped
in-store. The most popular day to shop online was Black Friday, up
1.3 percent from last year to 74 percent, followed by Saturday (49
percent), Thanksgiving (36 percent), and Sunday (34 percent). And,
of those that shopped in store, 75 percent shopped on Black Friday,
up 3.4 percent from last year, 40 percent on Saturday, 35 percent on
Thanksgiving and 17 percent on Sunday.
Consumers and Retailers Win Over Thanksgiving Holiday (November
28, 2017) - From Thanksgiving Day through Cyber Monday, more than
174 million Americans shopped in stores and online during the
just-concluded holiday weekend, beating the 164 million estimated
shoppers from an earlier survey by the National Retail Federation
Insights & Analytics. The top two days that consumers
shopped online were Cyber Monday with more than 81 million and Black
Friday with more than 66 million. In addition, 63 percent of
smartphone owners used their mobile devices to make holiday
decisions, and 29 percent used their phones to make actual