Forbes (November 27)
“It’s an omnichannel holiday!” This Black Friday weekend, Americans re-embraced “in-person shopping…returning to stores and malls in big numbers.” That did not, however, lessen their “love affair with online shopping.” On Black Friday, a “record $9.12 billion was spent online,” up more than 2% since 2021.
Tags: $9.12 billion, Black Friday, Holiday, In-person shopping, Malls, Omnichannel, Online shopping, Record, Stores, U.S.
Los Angeles Times (November 23)
“L.A.’s infamous Thanksgiving traffic gridlock” is “expected to return with vengeance” after taking 2020 off for Covid. “An estimated 3.8 million Southern Californians will be driving to their holiday destinations — up 9% from last year and only 1% less than in 2019, according to the Automobile Club of Southern California.”
Tags: 2019, 2021, Automobile Club of Southern California, California, Covid, Destinations, Gridlock, Holiday, Infamous, L.A., Thanksgiving, Traffic
Retail TouchPoints (January 4)
Despite a strong holiday sales season, “a real department store turnaround will demand a lot of work.” 2018 will represent “a major ‘prove it’ period for department stores. The sector has taken quarterly sales hits for several years, forcing major players to shutter hundreds of stores, but early holiday numbers indicate these retailers have harnessed some positive momentum.”
Tags: Demand, Department stores, Holiday, Momentum, Retailers, Sales, Sales hits, Turnaround
