×
73 599
Fashion Jobs
MICHAEL KORS
District Manager, Retail Development- Los Angeles, ca
Permanent · Remote
MICHAEL KORS
Sales Supervisor (pt) - The Woodlands Mall
Permanent · Houston
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Glendale
Permanent · Glendale
JCPENNEY
Asset Protection Associate - Plaza Bonita
Permanent · National City
JCPENNEY
Sales Floor Supervisor - South Park Mall
Permanent · San Antonio
JCPENNEY
Asset Protection Associate - Alderwood Mall
Permanent · Lynnwood
JCPENNEY
Sales Floor Supervisor - Washington sq
Permanent · Portland
JCPENNEY
Sales Floor Supervisor - Great Lakes Mall
Permanent · Mentor
ON RUNNING
sr Financial Analyst - Commercial Finance
Permanent · PORTLAND
ON RUNNING
Finance Systems Specialist
Permanent · PORTLAND
REISS
Area Visual Manager- South East
Permanent · MIAMI
URBN
Anthropologie Visual Merchandising Manager
Permanent · NEW YORK
URBN
Free People Assistant Visual Manager
Permanent · MIAMI
URBN
Free People Merchandise Planner
Permanent · PHILADELPHIA
SACK OFF 5TH
Asset Protection Investigator
Permanent · RIVERHEAD
BANANA REPUBLIC
Manager, Marketing Operations
Permanent · SAN FRANCISCO
OLD NAVY
Asset Protection Service Representative - Shops at Bruckner bl
Permanent ·
GAP INC.
sr Analyst, Finance - Forecast & Budget (Remote)
Permanent · ALBUQUERQUE
OLD NAVY
General Manager-Arsenal Yards
Permanent · WATERTOWN
CROCS
Crocs: Retail Area Manager Boston, ma
Permanent · BOSTON
NORDSTROM
Asset Protection - Agent - Midtown Mall Rack
Permanent · Anchorage
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Glendale
Permanent · GLENDALE
By
Reuters
Published
Nov 24, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shares of retailers rise as shoppers hunt for deals on Black Friday

By
Reuters
Published
Nov 24, 2017

Shares of U.S. retailers rose on positive Black Friday shopping reports of online and brick-and-mortar stores such as Amazon.com and Macy’s, signaling consumers are spending more than the last two holiday seasons.


Photo: Wikimedia


A strong labor market, stock markets hitting records and the rising values of homes in the United States have offset inflation in gas and food prices, boosting consumer spending at stores this holiday-shopping season.

“We have a five-week marathon ahead of us,” Macy’s Chief Executive Officer Jeff Gennette told CNBC on Friday, adding that the retailer saw robust demand at its website ahead of the major shopping holidays.

Adobe Analytics revealed in a report that initial online holiday spending had risen 16.9 percent compared to a year earlier, trumping its previous estimate of 13.8 percent growth.

“Early season growth demonstrates the consumer’s willingness to spend and spells potential for retail this holiday,” said Marshal Cohen, chief industry analyst at NPD, a market research firm.

Department store chain J.C. Penney opened its doors for Black Friday shoppers as early as Thursday afternoon, while its online sales started four days before.

Kmart and Macy’s had said their Black Friday deals would begin at 5 p.m. ET on Thanksgiving. Amazon also revealed a preview of its Cyber Monday deals with discounts in more than 30 categories.

Wal-Mart and Macy’s have expanded their online selections and boosted discounts for online orders picked up at stores to lure bargain hungry shoppers, while off-price chains such as TJX Co said it has built a ‘terrific’ inventory position ahead of the pivotal holiday season.

“The turnout is clearly better than the last couple of years,” said Craig Johnson, president of Customer Growth Partners on Thursday.

In early trade, shares of J.C. Penney rose 2 percent, Kohl’s Corp was up 2 percent, Amazon rose 1.5 percent, Best Buy climbed 0.5 percent, and Wal-Mart inched up 0.3 percent.

© Thomson Reuters 2023 All rights reserved.