Christmas economics

Tilly’s, Inc. Announces 2020 Holiday Period Net Sales Growth

Retrieved on: 
Monday, January 11, 2021
Fashion, Professional services, Online Retail, Retail, Specialty, Finance, Banking, Accounts receivable, Financial accounting, Sales, Christmas economics

Total net sales of $148.7 million increased by 3.3% for the 2020 holiday period compared to $143.9 million for last years comparable nine-week holiday period ended January 4, 2020 (the 2019 holiday period).

Key Points: 
  • Total net sales of $148.7 million increased by 3.3% for the 2020 holiday period compared to $143.9 million for last years comparable nine-week holiday period ended January 4, 2020 (the 2019 holiday period).
  • Comparable net sales in physical stores decreased in all geographic markets during the 2020 holiday period compared to the 2019 holiday period.
  • Net sales in physical stores represented 69.0% of total net sales for the 2020 holiday period compared to 80.5% of total net sales during the 2019 holiday period.
  • E-commerce net sales represented 31.0% of total net sales for the 2020 holiday period compared to 19.5% of total net sales during the 2019 holiday period.

1847 Goedeker and Appliances Connection Continue Record Breaking Performance in December

Retrieved on: 
Tuesday, December 29, 2020
Online Retail, Home Goods, Retail, Christmas economics, Retailing, Business process, Cyber Monday, Manufacturing, Black Friday, Appliances Online, Business, 1847 Goedeker Inc., Appliances Connection

Our strong Black Friday / Cyber Monday performance accelerated through the month of December, stated Doug Moore, CEO of 1847 Goedeker.

Key Points: 
  • Our strong Black Friday / Cyber Monday performance accelerated through the month of December, stated Doug Moore, CEO of 1847 Goedeker.
  • Exceptional execution by our entire team positions us well to continue to capitalize on the growing trend towards buying appliances online.
  • Albert Fouerti, President of Appliances Connection, added, This has been an incredible period of record-breaking growth for Appliances Connection.
  • 1847 Goedeker is an industry leading e-commerce destination for appliances, furniture, and home goods.

Mastercard SpendingPulse: U.S. Retail Sales* Grew 3.0% This Holiday Season

Retrieved on: 
Saturday, December 26, 2020
Other Consumer, Luxury, Other Retail, Finance, Professional services, Home Goods, Fashion, Consumer, Retail, Online Retail, Christmas economics, Retailing, Business process, Marketing, Black Friday, Cyber Monday, Christmas and holiday season, Thanksgiving, MasterCard, Retail, Cyber Black Friday, Economics of Christmas, Mastercard SpendingPulse:, Mastercard

This season, U.S. consumers shopped far earlier than in years past, as retailers offered special promotions early and often.

Key Points: 
  • This season, U.S. consumers shopped far earlier than in years past, as retailers offered special promotions early and often.
  • In addition, though Black Friday was down (-16.1%*), Thanksgiving weekend through Cyber Monday remained a key time for shoppers, with Black Friday being the top spending day of the 2020 holiday season.
  • Mastercard SpendingPulse reports on national retail sales across all payment types in select markets around the world.
  • Mastercard SpendingPulse defines U.S. retail sales as sales at retailers and food services merchants of all sizes.

The TV Installed Base in the U.S. is Getting Bigger and Newer, According to NPD

Retrieved on: 
Wednesday, December 23, 2020
Christmas economics, Articles, Mass media, Information and communications technology, Cyber Monday, Consumer electronics, Generation Z, Television

According to NPD's TV Ownership Trends Report, the average size of a replacement[1] TV jumped to 51 inches from 49 inches in November 2019, and 47 inches in November 2018.

Key Points: 
  • According to NPD's TV Ownership Trends Report, the average size of a replacement[1] TV jumped to 51 inches from 49 inches in November 2019, and 47 inches in November 2018.
  • "This year home entertainment became even more crucial as consumers spent more time at home due to the COVID-19 pandemic.
  • TV sales, among other tech items, saw strong interest and as a result we saw notable shifts in the installed base," stated John Buffone , Executive Director, Industry Analyst within NPD's Connected Intelligence practice.
  • Through Cyber Monday week, 65-inch TV sales increased 27% vs. 2019, while 70-inch and above TVs increased by 82%.

Mitch Gould and Nutritional Products International See Amazon’s Record Holiday Sales As Positive Sign of Consumer Spending

Retrieved on: 
Tuesday, December 22, 2020
Marketing, Merchandising, Christmas economics, Retailing, Business, Cyber Monday, Amazon, Christmas and holiday season, Online shopping, Retail, Cyber Black Friday

Evidence of this trend is Amazons 2020 holiday sales, which have jumped an astounding 60 percent, and the season is not over.

Key Points: 
  • Evidence of this trend is Amazons 2020 holiday sales, which have jumped an astounding 60 percent, and the season is not over.
  • Many online retailers and certain consumer good segments have had banner years despite COVID-19, said Mitch Gould , founder and CEO of Nutritional Products International.
  • Amazon reported that sales through Cyber Monday have been its 'biggest holiday season to date.'
  • Even before the coronavirus shut down major portions of the economy, Gould said, online sales had been steadily increasing its share of consumer purchases.

Amazon Ads Play a Key Role in Strong Black Friday, Cyber Monday and Holiday 2020 Sales Says Amazon PPC Management Agency

Retrieved on: 
Tuesday, December 22, 2020
Christmas economics, Retailing, Business, Marketing, Cyber Monday, Black Friday, Amazon, Christmas and holiday season, Advertising

SHROPSHIRE, England, Dec. 22, 2020 /PRNewswire/ -- Acclaimed Amazon advertizing platform Sponsored Profit has recently revealed that Amazon ads have played a stellar role in ensuring strong sales figures on Amazon during this year's Black Friday, Cyber Monday and year-end holiday shopping.

Key Points: 
  • SHROPSHIRE, England, Dec. 22, 2020 /PRNewswire/ -- Acclaimed Amazon advertizing platform Sponsored Profit has recently revealed that Amazon ads have played a stellar role in ensuring strong sales figures on Amazon during this year's Black Friday, Cyber Monday and year-end holiday shopping.
  • The company also mentions that Amazon ads were vital to the success of thousands of sellers including many of the company's PPC partners.
  • Many brands have used Sponsored Profit campaigns successfully to save an enormous amount of time, money, and effort.
  • During the year's high traffic shopping events such as Black Friday, Cyber Monday and Christmas, approximately 70% of PPC sales come from sponsored products.

Retail Results Heading into Final Holiday Push Reveal Shoppers Are Still Spending, Reports NPD

Retrieved on: 
Friday, December 18, 2020
Merchandising, Marketing, Consumer behaviour, Online shopping, Retail, Shopping, Shoppers Drug Mart, Christmas economics

The continued divergence of dollar and unit comps is the result of higher-priced items being sold at retail and decreased promotional activity.

Key Points: 
  • The continued divergence of dollar and unit comps is the result of higher-priced items being sold at retail and decreased promotional activity.
  • NPD's Checkout data from receipts highlights the changes in shopping activity across the total retail industry due to COVID-19.
  • "Now officially past comfortable shipping deadlines, last minute shoppers will be forced to look to physical retail stores for those remaining holiday gifts.
  • Late shoppers have the greatest concern for their own finances and the economy, evident in planned spending:
    Average planned holiday spending for this year, based on when holiday shoppers planned to begin shopping.

Comscore Sees Record Online Spending Across 'Big 3' Holiday Shopping Days

Retrieved on: 
Friday, December 18, 2020
Christmas economics, Time, Traditions, Articles, Cyber Monday, comScore, Black Friday, Christmas and holiday season, Thanksgiving, Mobile, Alabama, Shopping, Cyber Black Friday

RESTON, Va., Dec. 18, 2020 /PRNewswire/ -- As consumers increasingly turned to online shopping this holiday season, ongoing research from Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, found that online spending across Thanksgiving, Black Friday and Cyber Monday (the 'Big 3' holiday shopping days), reached record levels in 2020.

Key Points: 
  • RESTON, Va., Dec. 18, 2020 /PRNewswire/ -- As consumers increasingly turned to online shopping this holiday season, ongoing research from Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, found that online spending across Thanksgiving, Black Friday and Cyber Monday (the 'Big 3' holiday shopping days), reached record levels in 2020.
  • Total online consumer spending exceeded $22 billion, an increase of 25% compared to 2019.
  • Taking a closer look at retail on mobile devices, Comscore found a significant year-over-year increase in mobile spending this holiday season.
  • While mobile spending has played a pivotal role in these key holiday shopping days over the last several years, mobile's 2020 share of digital spending on Thanksgiving and Black Friday surged.

Cyber Week Falls Short, But Retail Still Poised for A Merry Holiday, Reports NPD

Retrieved on: 
Friday, December 11, 2020
Christmas economics, Marketing, Business, Retailing, Black Friday, Shopping, Retail

PORT WASHINGTON, N.Y., Dec. 11, 2020 /PRNewswire-PRWeb/ --Cyber week sales underscore continued changes in consumer shopping behavior and transition of needs.

Key Points: 
  • PORT WASHINGTON, N.Y., Dec. 11, 2020 /PRNewswire-PRWeb/ --Cyber week sales underscore continued changes in consumer shopping behavior and transition of needs.
  • The consumer and retail have adapted to the COVID-19 imposed lifestyle, and spending behavior so far this holiday shopping season reflects that," said Marshal Cohen , NPD's chief industry advisor, retail.
  • The impact of this year's "new shopping season" continues to reveal itself over the course of the traditional peak holiday period Black Friday wavered and Cyber Week was soft.
  • *Seasonal Category Tracking is based on a subset of industries available weekly at a category level.

Pivotree Clients Break Records with 2020 Black Friday Ecommerce Sales

Retrieved on: 
Friday, December 11, 2020
Christmas economics, Retailing, Business, Cyber Monday, Black Friday, Adobe Inc.

Many of our clients have been strategically investing in their digital infrastructure and blew through their Black Friday and Cyber Monday records," said Elizabeth Scott, SVP, Strategic Account Management at Pivotree.

Key Points: 
  • Many of our clients have been strategically investing in their digital infrastructure and blew through their Black Friday and Cyber Monday records," said Elizabeth Scott, SVP, Strategic Account Management at Pivotree.
  • We prepared tirelessly for 'the most digital Black Friday ever' and, together, we delivered some of the best days of online orders and sales.
  • While overall industry results show moderate gains a 22% increase in Black Friday sales and 15% increase in Cyber Monday sales, according to Adobe Analytics some Pivotree clients saw significant numbers.
  • To provide a more in-depth look at ecommerce growth, Pivotree recently published a report, "The 2021 Guide to Ecommerce," available for download here .