There were many polls and surveys from this past summer and fall which forecast that consumers, although anxious about inflation, would spend more on the holidays this year than last. Those polls and surveys are bearing out as on the money. Helpful insight into how Americans would balance feeling uneasy and uncertain about the economy,…
US Consumer Holiday Spending is Posting Big Numbers, Despite Anxiety About Inflation and the Economy
Black Friday Weekend Saw Subdued Mall Traffic: Report
December 4, 2022
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Fewer Americans headed to shopping malls during the Black Friday weekend compared to last year, new data suggests, as rampant inflation and economic uncertainty took a toll on retailers during the shopping holiday. Indoor malls, open-air lifestyle centers, and outlet malls all saw declines in foot traffic during the weekend of Nov. 25 to 27…
Stores Report Record Number of Thanksgiving Weekend Shoppers
November 29, 2022
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Retailers reported a record number of holiday shoppers hitting the stores in person and online during Thanksgiving weekend, but a looming rail strike threatens to scuttle some remaining sales, the National Retail Federation reported Nov. 29. More than three-quarters of consumers—nearly 197 million—said they shopped over the Thanksgiving holiday weekend, up 6 percent since 2021….
Black Friday Shopping Mixed as Foot Traffic Sparse but Online Buying Soars
Thin crowds of inflation-weary shoppers hunted for Black Friday deals, with foot traffic remaining sparse in many malls across the country as Americans instead flocked online, where they spent a record $9.12 billion. Around 166 million people were planning to shop from Thursday’s Thanksgiving holiday through this coming “Cyber Monday,” according to the National Retail…
Nasdaq Ends Down as Investors Eye Black Friday Sales, China Infections
The Nasdaq closed lower on Friday with pressure from Apple Inc in a subdued holiday-shortened trading session for Wall Street, as investors watched Black Friday sales and COVID-19 cases in China. Apple fell 2.0 percent on news of reduced iPhone shipments from a Foxconn plant in China in November as production was hit by COVID-related…
Black Friday to Include Increased CHP Efforts Against Retail Theft
LOS ANGELES—Thousands are expected to head to malls and stores in Los Angeles County Nov. 25 for Black Friday amid increased efforts statewide by the California Highway Patrol (CHP) to tackle organized retail theft. The California Highway Patrol Organized Retail Crime Task Force is increasing its presence at shopping centers throughout the state and working…
Amazon Workers Protest at Some German, French Sites on Black Friday
BERLIN/PARIS (Reuters) -Some workers at Amazon sites in Germany and France downed tools on Black Friday, as part of a move across the world to target the online retailer on one of the busiest shopping days of the year with calls for better pay. The Make Amazon Pay initiative, which made the call for strikes,…
US Retailers, Consumers Brace for Unusual Holiday Shopping Season
Now that the turkey has been gobbled up and the apple pie has been devoured, it is the official start of the holiday shopping season. But in today’s inflationary environment, retailers are bracing for cost-conscious shoppers, and cash-strapped customers are on the hunt for deals. Will this be the most unusual time of the year?…
More Consumers to Shop on Small Business Saturday Than Black Friday: Survey
This year’s holiday sales might see Small Business Saturday emerge as the most attractive day for shopping among American consumers, according to a latest survey by Bankrate. Small Business Saturday, which follows Black Friday, was founded in 2010 by American Express with the co-sponsorship of the Small Business Administration and is an annual holiday dedicated…
Black Friday Surpasses Boxing Day as Australia’s Biggest Shopping Event of the Year
Black Friday is expected to overtake Boxing Day as Australia’s biggest shopping day of the year, with clothes and technology at the top of most shopping lists. According to the Australian Retail Association (ARA) and Roy Morgan, Australians will spend a record $6.2 billion (US$4.2 billion) over the Black Friday/Cyber Monday shopping weekend, while finance…
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