×
39 570
Fashion Jobs
H&M
Logistics Wms Manager
Permanent · Burlington
CLINIQUE
Retail Beauty Sales Manager - Clinique - (Midrivers) - st. Peter's, mo
Permanent · Saint Charles
AVEDA
Director, Retail Marketing (Fss), Aveda North America
Permanent · Blaine
TAPESTRY
sr. Manager, Merchandising - Women's Outlet Bags
Permanent · New York
TAPESTRY
Project Manager, Store Construction
Permanent · New York
TAPESTRY
Senior Art Director - Brand Creative
Permanent · New York
TAPESTRY
Buyer, Men's Outlet
Permanent · New York
TAPESTRY
Director, Creative Project Management
Permanent · New York
ROSS STORES
IT Senior Manager (Supply Chain Warehouse Core Systems)
Permanent · Fort Mill
ROSS STORES
IT Manager i (New Store Openings, Store Systems)
Permanent · Dublin
ROSS STORES
Real Estate Law Attorney, Director
Permanent · Dublin
ROSS STORES
Merchant Operations Manager (Compliance)
Permanent · New York
ROSS STORES
Loss Prevention Associate
Permanent · Rock Hill
ROSS STORES
Coordinator, Legal Compliance
Permanent · New York
ROSS STORES
IT Manager i (Host Security Delivery)
Permanent · Dublin
ROSS STORES
Loss Prevention Associate
Permanent · Fort Mill
ROSS STORES
Director, Merchandise Finance
Permanent · New York
ROSS STORES
IT Manager i (Store Systems Security)
Permanent · Dublin
ROSS STORES
Loss Prevention Associate
Permanent · Fort Mill
ROSS STORES
Director, Corporate Human Resources Business Partner (Hrbp)
Permanent · Dublin
ROSS STORES
Loss Prevention Associate
Permanent · Fort Mill
ROSS STORES
Area Loss Prevention Manager (Alpm)
Permanent · Littleton

On Black Friday, more U.S. shoppers chose the computer over the mall

By
Reuters API
Published
today Nov 26, 2018
Reading time
access_time 3 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The Thanksgiving Day and Black Friday kickoff of the U.S. holiday shopping season showed the increasing preference for online purchases, as more Americans opted to stay home and use their smartphones while sales and traffic at brick-and-mortar stores declined.

Online sales rose more than 23 percent, crossing $6 billion (£4.6 billion) on Black Friday, according to data from Adobe Analytics - Reuters


The ongoing shift to online shopping has forced retailers across the country to invest heavily in boosting their e-commerce businesses, and also highlights the impact of early holiday promotions and year-round deals on consumer spending.
The weekend also redefined the importance of Black Friday.

For the past few years, Black Friday was believed to be waning in importance, but it is now turning into a day when shoppers do not necessarily flock to stores but spend heavily online.

Bill Park, a partner at Deloitte & Touche LP, said online sales are starting to complement in-store shopping over the weekend, and for shoppers and retailers the two platforms are starting to converge.

This is happening more and more as retailers like Walmart Inc and Amazon.com Inc sell both online and through stores, making winning the transaction more important than where it occurs, retail consultants and analysts said.

Online sales rose more than 23 percent, crossing $6 billion (£4.6 billion) on Black Friday, according to data from Adobe Analytics, which tracks transactions at 80 of the top 100 U.S. retailers. On Thanksgiving, it estimated sales grew 28 percent to $3.7 billion.

Preliminary data from analytics firm RetailNext showed net sales at brick-and-mortar stores fell 4 to 7 percent over the two days, while traffic fell 5 to 9 percent, continuing the trend of recent years. No data was yet available for actual spending in stores.

In 2017, brick-and-mortar sales were down 8.9 percent for the weekend year-over-year, and shopper traffic fell 4.4 percent. In 2016, store sales were down 4.2 percent and traffic was down 4.4 percent, according to RetailNext.

The decrease in store foot traffic is a little greater than it has been in years past, though still within expectations, RetailNext spokesperson Ray Hartjen said.
Data from retail research firm ShopperTrak also showed that visits to stores fell a combined 1 percent during Thanksgiving and Black Friday compared with the same days in 2017.

Brian Field, senior director of advisory services at ShopperTrak, said online sales have eroded traffic from retailers over the years, "but what we have noticed is that the decline is starting to flatten out ... ellipse...(is this supposed to be an ellipse showing that something has been cut? Or did you just want a full stop and it's an extra period?) Overall its been consistent with where it's been over the last few years."

In 2017, visits to physical stores on Thanksgiving Day and Black Friday were down 1.6 percent, according to the firm. "This decline feels pretty good to me. I think retail is in for a good season," Field said.

Retail consultants have said spending patterns over the weekend are not as indicative of the entire season as they were a few years ago the tendency now is to spread shopping over November and December.

The National Retail Federation forecast U.S. holiday retail sales in November and December will increase between 4.3 and 4.8 percent over 2017, for a total of $717.45 billion to $720.89 billion. That compares with an average annual increase of 3.9 percent over the past five years.

© Thomson Reuters 2019 All rights reserved.