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Saturday - BIGGEST Shopping Day in History!
Posted on 12/24/19 at 8:26 am
Posted on 12/24/19 at 8:26 am
Holiday shopping set records over the weekend, with Super Saturday sales reaching $34.4 billion, the biggest single day in U.S. retail history, according to Customer Growth Partners.
“Paced by the ‘Big Four’ mega-retailers -- Walmart, Amazon, Costco and Target -- Super Saturday was boosted by the best traffic our team has seen in years,” said Craig Johnson, president of the retail research firm.
a screenshot of a cell phone: Record Breaker
© Bloomberg Record Breaker
Job growth and fatter wallets, along with stronger household finances, have put consumers in a buying mood this season, Johnson said. And more of them are shopping online. As retailers offer improved web platforms, online spending so far this season has accounted for 58% of sales growth from a year earlier, he said.
Super Saturday’s results topped Black Friday’s $31.2 billion in sales by 10%. The next biggest shopping days were Dec. 14, with $28.1 billion, and Cyber Monday, with $19.1 billion.
While foot traffic was down at most malls, the conversion rate, or the percentage of people who go to malls and make a purchase, rose, Johnson said. Even long-struggling department stores “had their best weekend of the season,” he said.
“The question now is whether today’s stellar momentum leads to sustained economic growth into 2020 and beyond,” he said.
With assistance from Matt Townsend.
LINK
“Paced by the ‘Big Four’ mega-retailers -- Walmart, Amazon, Costco and Target -- Super Saturday was boosted by the best traffic our team has seen in years,” said Craig Johnson, president of the retail research firm.
a screenshot of a cell phone: Record Breaker
© Bloomberg Record Breaker
Job growth and fatter wallets, along with stronger household finances, have put consumers in a buying mood this season, Johnson said. And more of them are shopping online. As retailers offer improved web platforms, online spending so far this season has accounted for 58% of sales growth from a year earlier, he said.
Super Saturday’s results topped Black Friday’s $31.2 billion in sales by 10%. The next biggest shopping days were Dec. 14, with $28.1 billion, and Cyber Monday, with $19.1 billion.
While foot traffic was down at most malls, the conversion rate, or the percentage of people who go to malls and make a purchase, rose, Johnson said. Even long-struggling department stores “had their best weekend of the season,” he said.
“The question now is whether today’s stellar momentum leads to sustained economic growth into 2020 and beyond,” he said.
With assistance from Matt Townsend.
LINK
Posted on 12/24/19 at 8:27 am to FLTech
Another record courtesy of Trump administration.
Posted on 12/24/19 at 8:27 am to conservativewifeymom
My dear leader loves Santa and Christmas!!!
Posted on 12/24/19 at 8:33 am to FLTech
Folk is dyin in da skreets!
What about da chirren?
Posted on 12/24/19 at 8:35 am to FLTech
34 billion is like the total budget for the states of Mississippi, Alabama and Louisiana and some countries in Africa like Nigeria for example.
Just goes to show you how rich and obscenely wealthy the United States of America is.
Just goes to show you how rich and obscenely wealthy the United States of America is.
Posted on 12/24/19 at 8:39 am to FLTech
My traffic patterns were off - we were up 35% last week, had a shitty weekend, then were up 100% yesterday. Whole company has crushed it in December, but it may be too little too late after a disappointing Q3 and bad November.
People certainly have money to spend this year.
People certainly have money to spend this year.
Posted on 12/24/19 at 8:54 am to Sentrius
quote:That's a phrase that Marx would love and it need's to go way.
obscenely wealthy
It's not obscene. People earned that money. Much of it from "sweat of the brow".
Posted on 12/24/19 at 9:03 am to FLTech
I watched the news talk about this yesterday. Not one mention of how Trump's economy is booming.
Posted on 12/24/19 at 9:12 am to Saint Alfonzo
The DimMedia was covering the economy regularly 9-12 months ago when the anti Trump economists were warning of an imminent recession.........I guess the predictions for breadlines didn't materialize.
Posted on 12/24/19 at 9:17 am to The Boat
Strangest recession ever. Trump continues to defy norms. Every other recession in the past sees job loss and decreased spending. Trump just can’t help himself.
Posted on 12/24/19 at 9:30 am to Adam Banks
And yet we hear from a “squad” member...
“Impeach the mother fricker.”
/smh
“Impeach the mother fricker.”
/smh
Posted on 12/24/19 at 9:35 am to FLTech
In other news, reluctantly WaPo quietly cancels recession.
Posted on 12/24/19 at 9:39 am to FLTech
quote:
Saturday - BIGGEST Shopping Day in History!
Obviously, people are encouraged by the prospect of impeachment. As soon as OMB is removed from office, they're hoping that we can get back to 1.2% growth in GDP like we had under Hussein O'Dumbfrick.
Posted on 12/24/19 at 11:36 am to FLTech
Why would anyone who is an American Downvote this? Leave the fricking country a-hole Un American piece of shite
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