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 financial impact.
- 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 and Prosper 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 purchases.
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