Former Toys ‘R’ Us CEO, former HBC CEO, former Target vice chairman and Storch Advisors CEO Jerry Storch analyzes this year’s holiday shopping season and what it says about the U.S. consumer.
Letting their fingers do the work on the keyboard was the primary way customers did their holiday shopping.
Continue Reading Below
U.S. holiday e-commerce sales hit a new record high, up 18.8 percent from the 2018 period, according to Mastercard data reported by Reuters.
Overall holiday retail sales rose 3.4 percent.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
President Trump took to Twitter to trumpet the data.
Sales estimates from the National Retail Federation ranged from 3.8 percent to 4.2 percent.
E-commerce sales this year represented 14.6 percent of total retail between November 1 and Christmas Eve.
US ECONOMY MEANS A MERRY CHRISTMAS FOR MANY
The holiday shopping season is crucial for retailers accounting for up to 40 percent of the sales for the year.
The calendar didn't help the industry as Thanksgiving fell on Nov. 28, which was a week later than last year.
Holiday shopping.
That meant retailers had six fewer days to drive sales leading to Christmas.
"Due to a later than usual Thanksgiving holiday, we saw retailers offering omnichannel sales earlier in the season, meeting consumers’ demand for the best deals across all channels and devices," said Steve Sadove, senior adviser for MasterCard.
CLICK HERE TO READ MORE ON FOX BUSINESS
According to analysts, the surge in shopping was boosted by wage growth and a string job market.
Business - Latest - Google News
December 26, 2019 at 12:17PM
https://ift.tt/2PWjpmD
Online sales record leads holiday shopping surge - Fox Business
Business - Latest - Google News
https://ift.tt/2Rx7A4Y
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
Bagikan Berita Ini
0 Response to "Online sales record leads holiday shopping surge - Fox Business"
Post a Comment