We’ve made it past Cyber Monday, which became Cyber Week this year. As we head into the main holiday shopping season, all eyes turn to retail sales. Who will show strength this holiday season? Target? Nordstrom? Macy’s? Will shoppers turn out in force or wander around the malls without showing much purchasing power?
Here’s a recap:
Shopping malls in trouble? — According to Fortune, the decline of department stores and other factors are a black cloud hanging over mall owners and a big factor in retail sales. Click here for more details.
Sales steady — Sales of electronics, apparel and other holiday favorites are expected to rise 4.1 percent this year, compared with 2.5 percent last year and 4.8 percent in 2014. Check out Kiplinger’s retail update for more.
Stretching the season — National Real Estate Investor talks about retail promotions and efforts to stretch the holiday shopping season from early November into January. To note — U.S. total store sales fell by about 4 percent during the Black Friday weekend compared with 2015. But — ICSC research found that more than 75 percent of shoppers spent as much –if not more — in 2016 versus 2015.
Consumer spending rises — Commercial Property Executive details how consumer spending rose during Q3 to 3.2 percent– the highest level in two years. This is mainly due to business spend and an increase in imports, but overall…good news!