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ABOUT THIS BLOG
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This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.
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Each year, just how much Black Friday rings up seems to fluctuate but I would place my bets alongside analyst Dana Telsey in saying that the last ten days before Christmas make more of a difference in sales. Black Friday transactions account for 9-10 percent of holiday sales.
That said, what we will see this week is just whether the consumer shows up to spend in a slowing consumer environment. Store traffic could be considered a recession indicator.
If shoppers turn out in healthy numbers to shop around this event AND actually buy these promoted/marked down items, that is a sign that the consumer isn't panicked just yet.
We need Black Friday to be heavily trafficked and the malls to be full. That way we can all breathe a sigh of relief until the real buying bonanza begins right before Christmas.
Questions? Comments?
- Goldman Sachs has forbidden employees from gathering in private holiday parties of 12 or more.
- Since its launch in 1998, Google has become a primary force on the Internet. How much do you know about the company?
- What do the gifts from the 12 Days of Christmas cost this year, and how do they compare to 2008?
- Raising alligators is hard work, and the fickle taste of rich consumers has just made it much harder, says the NY Times.
- A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
- The continued real estate boom in China is partially fueled by a generational flood of newlyweds.
Data is a real-time snapshot *Data is delayed at least 15 minutes