Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Israel
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • About us
  • Membership
    • Silver
    • Gold
    • Platinum
  • News
  • Events
  • Retail Innovation Lab
  • Education
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • About us
  • Membership
    • Silver
    • Gold
    • Platinum
  • News
  • Events
  • Retail Innovation Lab
  • Education
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail News

  • Home
  • Retail News
  • 190 million people shop during the Thanksgiving weekend

190 million people shop during the Thanksgiving weekend

  • Categories Retail News, Top News
  • Date December 6, 2019
  • Comments 0 comment

The holiday shopping season has begun in earnest, with nearly 190 million consumers shopping between Thanksgiving and Cyber Monday, the National Retail Federation.

The retail trade group said that’s up 14% from the same period a year ago. On average, those shoppers spent $361.90, up 16% from last year.

In October, the NRF released its initial forecast, predicting that holiday retail sales in November and December will grow between 3.8% and 4.2% from a year ago. The retail group did not revise its forecast on Tuesday.

Last year, holiday sales, excluding automobile dealers, gasoline stations and restaurants, totaled $701.2 billion after tariffs, market volatility and other factors took a toll on sales.

The NRF, which has lobbied against tariffs, said the trade war did not hurt spending over the holiday weekend, but it estimates consumers have paid $40 billion due to increased prices stemming from tariffs already in place. President Donald Trump has threatened to impose tariffs on more Chinese goods Dec. 15 if a deal is not reached.

Half of consumers shopped at department stores, and 49% bought goods online, the NRF said. Clothing, toys and electronics were among the most popular products.

On Cyber Monday alone shoppers spent a record $9.4 billion online, according to data released by Adobe Analytics on Tuesday.

But as consumers shop more online, brick-and-mortar retailers may be having a more difficult holiday season. Shoppertrak data found that sales for brick-and-mortar stores dropped 6.2% on Black Friday. Still, the NRF found that more than 124 million consumers shopped in stores during the holiday weekend.

Consumers are also starting their shopping earlier than the typical holiday season. More than half had already started buying gifts by the beginning of November, according to the NRF.

By the end of the holiday weekend, 86% of consumers had begun their holiday shopping, up from 77% a year ago. Thanksgiving fell on Nov. 28 this year, the latest since 2013.

Source: cnbc.com

Tag:Black Friday, Cyber Monday, Shopping, Thanksgiving

  • Share:
gsiino

Previous post

McDonald's opens its first permanent e-commerce shop
December 6, 2019

Next post

VF Corp lays out group sustainability strategy to reduce emissions
December 8, 2019

You may also like

very-co-uk
Very.co.uk achieves record Christmas sales
12 January, 2021
amazon-walmart
Amazon, Walmart tell consumers to skip returns, just ‘keep it’
11 January, 2021
northface-gucci
Gucci Pins: The North Face x Gucci Outerwear Collection
8 January, 2021

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Very.co.uk achieves record Christmas sales
12Jan2021
Amazon, Walmart tell consumers to skip returns, just ‘keep it’
11Jan2021
Gucci Pins: The North Face x Gucci Outerwear Collection
08Jan2021
First Look: Albertsons Debuts Grocery ATM
08Jan2021
7 Retail Technology Trends to Watch in 2021
08Jan2021

Twitter:

GRA_WorldFollow

GRA_World
Gra_WorldGRA_World@Gra_World·
15 Jul

🚀 #WEBINARALERT!

“Customer Experience During Civil Unrest”

🎙 Speaker:
Christopher Lacy, Assistant Professor, Fashion Management
👉🏻 Parsons School of Design, New York

REGISTER NOW: https://bit.ly/2C8MPd6

Twitter 1283321900517785600
Gra_WorldGRA_World@Gra_World·
3 Jun

🚀 Thanks to Julie Dugas, Nicholas Giammarco, John Ryan (@newstores) and all the attendees!

More episodes will be coming soon on https://www.gra.world

#grainnovation #gra

Twitter 1268203923422281730
Load More...
logo-Global-Retail-Alliance

Global Retail Alliance (GRA) comprises an interconnected global network of players in the retail field and provide all the services to successfully navigate today’s increasingly complex business-to-shopper environment.


info@gra.world

Company

  • About Us
  • Membership
  • Contact

Support

  • Login
  • Register
  • Privacy Policy

Next Events:

09
Mar
Groceryshop Spring Meetup
9:30 am - 3:15 pm
11
May
Shoptalk Meetup for Women
9:30 am - 3:15 pm

© 2018 Global Retail Alliance | Immedya

Would you like to become a Member?

We have a global business, because we understand culture and global business practices.

Get Started Now