Showing posts with label National Retail Federation. Show all posts
Showing posts with label National Retail Federation. Show all posts
Sunday, November 27, 2016
US Black Friday: more shoppers but less spent per head
WASHINGTON - The American shopping orgy known as Black Friday lured more buyers this year but they spent less per person thanks to great bargains, an industry group said Sunday.
More than 154 million people made purchases during the four-day retail extravaganza that began Thursday on Thanksgiving, compared to 151 million last year, the National Retail Federation said.
Shoppers spent an average of $289.19, compared to $299.60 in 2015.
Sales over the Thanksgiving holiday, which extends into so-called Cyber Monday, are a good indicator of the health of US consumer spending.
Online sales dominated. A total of 44 percent of those who took part in the NRF survey said they had bought via the internet while 40 percent went to a brick-and-mortar store.
"It was a strong weekend for retailers, but an even better weekend for consumers, who took advantage of some really incredible deals," NRF president Matthew Shay said.
The most popular day to shop online was Black Friday itself, the day after the Thanksgiving holiday. Of those who purchased online over the four-day period, 74 percent did so on Friday, up 1.3 percent from last year.
And of the people who went to actual stores over this shopping period, 75 percent did so on Black Friday, up 3.4 percent from last year, the NRF said.
Millennials, aged 18-34, drove the increase in shopping, with eight out of ten buying something over the long weekend.
Around 56 percent of smartphone owners and 53 percent of tablet owners used these devices to assist with their shopping.
The study was carried out by Prosper Insights & Analytics with a sample of 4,330 people on November 25-26 and has a margin of error of 1.5 percentage points.
source: news.abs-cbn.com
Tuesday, November 26, 2013
Black Friday warriors share their best attack plans
When Aimee Brittain's team hits the stores in a commando-like fashion on Thanksgiving night in search of Black Friday deals, they'll stand out from the crowd in their matching "very bright blue" shirts. They'll scatter when they hit the store, and the shirts will help them see each other quickly.
It's different for the Goldman sisters. Stephanie Goldman, a Cliffside Park, New Jersey, public relations executive, and her sisters Nadine Kleinman of Highland Park, New Jersey, and Valerie Goldman of Washington, D.C., travel in a pack, flooding one zone at a time.
The strategy, honed when Stephanie was a young teen, has helped them score priority bargains, like the time they got $900 worth of clothes from Ann Taylor for about $100. They went that Black Friday to an outlet store, already full of discounted items, hit the clearance rack, where prices were further reduced, then tacked on the credit-card application discount.
This year, Black Friday starts earlier than ever, with some retailers, including Wal-Mart, opening early on Thanksgiving evening. About 140 million people were expected to shop over the four-day weekend, according to the National Retail Federation.
Goldman, Brittain and other warriors who will prowl for deals on the busiest of shopping days took time from their mission planning to share war stories and tips to those who want to spend less and get more on the day after Thanksgiving. Here are their tips and tales:
Set your strategy
A Black Friday neophyte will shop without a plan. The veteran shopper knows where to go and when, what to buy, and how much to pay.
Goldman and her sisters start months ahead. Over calls and emails, they analyze sales flyers and figure out where the best deals are on the items they want to buy. Many flyers have been available for weeks - Macy's and Toys R Us for example - collected on sites such as BlackFriday.com.
Brittain, 35, who lives near Atlanta, starts later, but plans to a more extreme degree. A week before Thanksgiving, she and her pack - family and friends including her cousin, her grandmother and an aunt - will pore over the circulars and craft plans right down to the amount of space available in their cars to cart away their booty.
Use the buddy system
Brittain's crew take teamwork seriously. They hit a specific store and go to multiple departments at once, keeping each other on speed-dial to discuss items they have spotted or if someone needs a helping hand. "We call it divide and conquer. It's battle. It's war," she says.
The strategy has paid off handsomely, says Brittain, who writes the prettyfrugaldiva.com blog. "All my kitchen supplies have been purchased at Black Friday sales, and I haven't paid more than $5 for them."
That includes a blender, mixer, coffee maker and electric can opener.
The Goldman clan travels as a pack, Stephanie says, allowing honest assessments about clothing choices and whether the price is really a bargain. Once they're on the move, they will shop for eight to 14 hours.
Even if you can't field a team, shop with a wingman. Christina Wojciechowski, 37, of Orchard Park, New York, goes with one partner, either her brother or sister-in-law. When she heads out late Thanksgiving night, it is not only comforting to have someone you know with you, she says, but you can help each other find what you're looking for.
The first (price) cut is the deepest
Lining up typically starts on Thanksgiving night, when the first wave of stores get ready to open. This presents the toughest decision: Where do you start?
That first location has to be worth the investment of time, but not at the expense of other deals. Wojciechowski heads out about 10 p.m. and usually goes to a store that sells clothing.
The lines at the electronics stores, where they sell a handful of deeply discounted items like a $1,000 55-inch flat-screen TV for $500 and a $400 laptop for $178, are likely to be considerably longer. And at the electronics store, the front of the line probably sacrificed Thanksgiving dinner to get there - Best Buy will open at 6 pm on the holiday this year.
Even the best deal isn't worth the stress of spending hours waiting in line for a store to open, says Wojciechowski. Instead she pops into drugstores like CVS and Rite Aid on Black Friday because they typically offer deals on small electronics and toys and usually aren't crowded.
Pack supplies
Being on email lists, Facebook fan pages for retailers and checking on deal sites will offer clues on added bonuses and could provide access to special coupons or unadvertised deals.
Bring your lists, loyalty cards, and coupons. Load up your smartphone with coupon-offering apps like CouponSherpa or RetailMeNot, or apps for stores where you will shop. You'll be able to check for last-minute deals while you're in the field.
And don't forget fuel. David Bakke, an editor at the personal finance site MoneyCrashers.com, brings juice and energy bars to avoid stopping as he goes from store to store.
Failure is not an option
Going for a big-ticket item involves risk, since the competition is intense. But Jen Smialek, 32, a Boston-based freelance writer and web designer, has learned many stores have consolation prizes. The deals might not be as good, she says, but could be nearly the same.
Smialek says the key is talking to a store employee about the "extra" inventory that will be wheeled out during the day to take the place of the cleaned-out doorbuster deals. Or talk a manager into giving you a sale price on a similar item.
You have nothing to lose by asking, and Smialek says it has been a winning proposition for her. She recalls going after a TV deal with a nearly $1,000 markdown.
"I was able to get her to reduce the price of the TV I had, to match the doorbuster sale. No fuss, no muss, in and out of the store in 30 minutes with what I came for at the price I wanted."
source: www.abs-cbnnews.com
Thursday, October 10, 2013
How to Beat the Holiday Season Rush and Save Your Wallet
It may be the season of pumpkin spice lattes as the leaves start to change, but the holiday shopping rush isn't far off. And while it might seem too early to start tackling your gift list, experts say getting a head start can help keep your budget intact.
According to the National Retail Federation, holiday sales are expected to increase 3.9 percent to $602.1 billion in November and December.
The increase is slightly higher than 2012's 3.5 percent rise in sales, and the forecast is also above the 10-year average of 3.3 percent growth. The NRF forecast is an economic model blending consumer confidence, consumer credit, disposable personal income and monthly retail sales releases.
Brian Hoyt, vice president of communications and senior writer at RetailMeNot.com, says this season's spending increase is nominal, but the company is also seeing average spending on the uptick, at about $160 per person this year. The shopping season itself is also being stretched out longer over the months leading up to the holidays.
"Use that time to your advantage," Hoyt says. "Spread out your purchases so you don't have them all bunched in November and December in just two or three pay cycles."
Shopping deals come in waves, Hoyt says, with the first deals rolling out in September and October on apparel.
"There will be a lot of deals especially in apparel due to this year's weaker back-to-school shopping period," he says. "You can take advantage of layaway programs early on. Especially if your child wants a specific toy, as they tend to sell out early."
After the clothing sales, retailers will start slashing prices on electronics, Hoyt says, starting around Thanksgiving. In fact, shopping on Thanksgiving Day can yield even greater savings for consumers, RetailMeNot has found.
"Consumers save more when they shop on that day than even on Black Friday and Cyber Monday," he says. "There are big door buster deals, to entice consumers to come off their couch and into the store."
The final sale phase is in early December, closer to Christmas, Hoyt says. "This is when 'stocking stuffers' go on sale, mainly accessories to go along with the consumer electronics."
Finally, RetailMeNot is predicting this season will have an even greater emphasis on mobile shopping than seasons past to allow consumers to get their shopping done from anywhere and anytime.
source: dailyfinance.com
Monday, November 26, 2012
Black Friday Weekend Had The Most Shoppers Of All Time
This year's Black Friday weekend broke records for the busiest ever, according to the National Retail Federation.
A stunning 247 million people shopped online and in stores from Thursday through Saturday, the most ever, the NRF said in an emailed release today. That compares with 226 million last year.
The shoppers spent a total of $59.1 million in stores, or about $423 a person.
“There’s no question that millions of people were drawn to retailers’ aggressive online promotions this weekend, making sure to research and compare prices days in advance to ensure they were getting the best deal they could,” said BIGinsight Consumer Director Pam Goodfellow told the NRF.
Black Friday foot traffic rose 3.5 percent this year, research firm ShopperTrak said.
More stores opened on Thanksgiving this year to give shoppers a head-start.
Retail giant Walmart said it had its best Black Friday ever. The chain innovated its promotions strategy, releasing different items at different times to prevent overcrowding in stores.
source: businessinsider.com
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