National Retail Federation Reports Strong Thanksgiving Holiday Sales

According to NRF, the National Retail Federation, one-third of consumers shopped online this past holiday weekend, leaving two-thirds in stores to take advantage of the many discounts and sales available nationwide. Early reports indicate that retail sales are 8.7% above last Thanksgiving weekend. It’s hard to tell whether this Black Friday’s success is a clear indicator of upcoming holiday sales through Christmas. We’ll have to wait and see. Be sure to check back here for additional updates on retail sell-through over...

Holiday ’09 Discounts and Sales

As reported by California Apparel News: Mall owners and national retailers reported good retail traffic on Black Friday as consumers spent $41.2 billion during the weekend. Black Friday also found many independent shops saying big discounts were as out of date as last year’s styles. Aggressive discounts hurt their business in an already tough year and many shops that haven’t discounted are saying that it hasn’t hurt their sales. There were no shocking promotional campaigns this year as in past years. For online shoppers, the big favorite this year is FREE shipping. Of course, there are always retailers that discount and this year was no exception for them. Across the board, the decision was...

Leisure Trends Group Release Black Friday Report

According to Leisure Trends Group, who conducted an online survey this week of outdoor, snow, paddle, running, scuba and cycling retailers, 40% of retailers reported increased sales compared to 2008, 36% indicated sales were flat and 24% reported that sales were down for Black Friday. The survey also asked about retail feelings regarding the full holiday selling season, with 54% believing this holiday season would beat 2008, 33% believe sales will stay the same and 15% are pessimistic about 2009. Outdoor retailers are the most optimistic with 91% expecting that sales will be up this holiday compared to cycling and running retailers where 60% believe sales will increase and ski/snowboard retailers where most (52%) believe sales will be the same and 27% believe sales will increase. Traffic: Looking at in-store traffic within sport and sport specialty channels, most retailers’ expectations were reached or exceeded on Black Friday weekend. • 37% of retailers report better than expected traffic • 48% report traffic was as expected • 15% indicate traffic was lighter than...

Retailers will Increase Use of Online Vehicles to Promote Black Friday

Retailers use Web to drive in-store traffic on retail holidays like Black Friday reports NRF. Black Friday is the day after Thanksgiving and the Friday before Cyber Monday, which is the Monday following Thanksgiving. According to a recent survey, 39.1% of retailers will increase their use of online vehicles to promote Black Friday which makes sense because one in seven Black Friday shoppers determines where to shop based on their web...

Thanksgiving Retail Sales

Sales on Black Friday rose 3% to $10.6 billion, according to ShopperTrak. That was slower than the 8.3% rise in 2007. Online sales for Black Friday grew 1% to $534 million, web tracking firm comScore reported, while Cyber Monday sales advanced 15% over last year to $846 million. According to the National Retail Federation (NRF) shoppers spent an average of 7.2% more per person to nearly $373 during the four-day holiday weekend from Thanksgiving Day through Sunday with Black Friday being the highlight. Sales dropped 0.8% to $6 billion on Saturday and an additional 2.3% to $3.5 billion on Sunday. The amount each consumer spent on Cyber Monday dropped by 5% but the number of shoppers grew 22%. Total spending was $41 billion. But the NRF kept its forecast for total holiday sales growth of only 2.2% to $470.4 billion, saying momentum is likely to fall sharply in the coming weeks, forcing even more aggressive discounts by retailers. The degree of discounting will likely shave profit margins, and analysts note that retailers will be hard pressed to sustain sales gains as consumers are simply too scared to spend robustly amid the recession. They are putting away their credit cards and making cash purchases. Bernard Sands Weekly Ratings Alert December 4,...