Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Time to take the RED Pill - 28th May 24
US Economy Slowing Slipping into Recession, But Not There Yet - 28th May 24
Gold vs. Silver – Very Important Medium-term Signal - 28th May 24
Is Gold Price Heading to $2,275 - 2,280? - 28th May 24
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24
Micro Strategy Bubble Mania - 10th May 24
Biden's Bureau of Labor Statistics is Cooking Jobs Reports - 10th May 24
Bitcoin Price Swings Analysis - 9th May 24
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? - 9th May 24
The Federal Reserve Is Broke! - 9th May 24
The Elliott Wave Crash Course - 9th May 24
Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 - 8th May 24
Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now - 8th May 24
Copper: The India Factor - 8th May 24
Gold 2008 and 2022 All Over Again? Stocks, USDX - 8th May 24
Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich - 8th May 24
Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children - 8th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Top Shopping Opportunity on Black Friday

Companies / Shopping Nov 27, 2015 - 04:14 PM GMT

By: Investment_U

Companies

Matthew Carr writes: The digital age has completely enveloped us.

It’s changed the way we do practically everything in our lives. Mostly for the better.

For one thing, it’s nearly impossible to be bored in the world we live in. We have devices on us at all times - our smartphones - that allow us to connect to all knowledge of human history.


Anytime, anywhere.

More often than not, we use these devices to play games... watch videos of cats refusing to be kissed... and check out what our friends and family are saying on Facebook (i.e. see if they’ve posted any funny cat videos).

We tap into the mind-blowing amounts of information constantly at our fingertips to search for mundane headscratchers like, “Which actress played Thelma in the Scooby-Doo movie?”

Most important of all - at least during the holidays - we use these devices to shop.

Last year, for the first time ever, more than half of all holiday purchases made online came from mobile devices.

It isn’t hard to see why. When we’re bored, we have a tendency to shop. And that’s great for all those companies trying to sell us their products 24 hours per day.

But as I said, it’s especially important this time of year. This weekend, in particular...

Thinning Crowds, Rising Profits

Anyone brave enough to venture out today knows that Black Friday is a holiday all its own... a busy one. Though it’s no longer limited to a single day.

For some retailers, Black Friday now spans the entire month of November. For others, it can last a week.

Because I cover the retail sector so much, I do go out on Black Friday to check the crowds. Admittedly, in my area, they’ve thinned.

Nationwide, traffic was down in stores last year. Sales totals fell 11%.

Yes, Black Friday, as we know it, is dying.

But online, sales are taking off...

Despite the drop in in-person attendance, Black Friday remains of the two biggest days for online shopping every year. Taking first place, of course, is Cyber Monday. Though they’re not that far apart in terms of totals.

For Black Friday, online sales are expected to hit $2.7 billion this year. That’s just shy of the $3 billion consumers are projected to spend on Cyber Monday. (It’s important to note, also, that this will be the first time Cyber Monday crosses the $3 billion mark.)

Both numbers represent double-digit increases over the same days in 2014.

And right there in the mix - as one of the fastest-growing online shopping days of the year - is Thanksgiving itself.

Spending time with family can be hard. For many, the holidays are chaotic. People often need a quiet moment to themselves. In decades past, that meant slipping outside for a smoke... or taking an extended bathroom break to realign your chi.

Nowadays? Simply pull out your iPhone, hop online and find a deal. Instant gratification.

Retailers are aware of this, so they’ve started posting more and more Turkey Day sales online. These efforts should help them rake in $1.6 billion this year - all while you chomp on pumpkin pie and watch the Dallas Cowboys lose.

More Money, Fewer Pants

This holiday season, in total, Americans are projected to buy $83 billion of gifts online. That’s at least an 11% year-over-year increase.

There is no greater benefactor of this than Amazon.com (Nasdaq: AMZN).

Want to know why Amazon beats the stuffing out of Wal-Mart (NYSE: WMT) and Target (NYSE: TGT) in the online arena? Let me ask you this... When’s the last time you heard someone say, “I’ll check to see if I can find that on Walmart.com”?

A turducken-sized shift has taken place in just the last handful of years. As I wrote a few weeks back, brick-and-mortar stores just can’t compete with the digital realm.

In a recent consumer survey, a staggering 51% of people said they will do most of their online shopping on Amazon. Wal-Mart was second at 16% and Target was a distant third at 3%.

Signifying the importance of Cyber Monday - and e-commerce as a whole - Wal-Mart is actually launching its Cyber Monday sales on Sunday this year.

More and more money is being spent online by consumers, particularly during the holidays. And that’s why stores like REI and Nordstrom can close on Thanksgiving Day and even Black Friday.

The retailers still make money - and consumers don’t have to go through the bother of putting on pants and finding a parking spot at the mall.

Good investing

Matthew

Source: http://www.investmentu.com/article/detail/48513/why-black-friday-is-dying-and-thats-a-good-thing#.VliAZE0nwWo

http://www.investmentu.com

Copyright © 1999 - 2015 by The Oxford Club, L.L.C All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Investment U, Attn: Member Services , 105 West Monument Street, Baltimore, MD 21201 Email: CustomerService@InvestmentU.com

Disclaimer: Investment U Disclaimer: Nothing published by Investment U should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Investment U should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in