IBM's Coremetrics retail data indicates online Thanksgiving sales were up 39% Y/Y, as consumers scooped up major electronics and apparel promotions. It's added that the share of consumers using a mobile device to make a purchase rose to 11.09%, from 4.25% in the year-ago period.
The National Retail Federation expects the number of consumers to go shopping this weekend to rise 10% from last year to 152M, but that November-December sales growth will slow to +2.8% from +5.2%.
Visits to several retail locations in the southern and northern California markets show a significant increase in apparent store traffic, in excess of 1000 people in some locations. Parking lots were very full for Best Buy, Target, Walmart and Fry’s. This could be due to the earlier opening times, around midnight in most cases as opposed to 4am last year, or possibly the very aggressive promotions, especially for TVs.
In fact, most of the first people in line were waiting for TVs. Tickets handed out at Best Buy for guaranteed door-buster stock were gone within the first 100 people or so.
*MORE UP-TO-DATE RETAIL INFO FROM ME AT 2:30ET ON FOX NEWS CHANNEL
No comments:
Post a Comment