Smartphone Sales and the Reported "Death of Black Friday"

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Published : November 24th, 2017
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Category : Opinions and Analysis
Online sales are up and store traffic is down according to some reports. The Street says it's the end of Black Friday.

The Year Black Friday Died

Black Friday Empty

Online Sales Surge

A couple of anecdotes via twitter does not constitute data. However, it's safe to say online is having an impact on in-store sales.

  • U.S. shoppers had splurged more than $1.52 billion online by Thanksgiving evening
  • A strong labor market, rising home prices and stock markets at record highs have also improved the turnout at stores this year
  • The number of customers shopping on their smartphones surged, accounting for 46 percent of the traffic on retail websites
  • Traffic from desktop and laptop computers declined 11 percent and nearly 6 percent, respectively

Some report store traffic is up, others down. I take all of these early reports with a large dose of skepticism.

I am concerned about the mounting debt. 24% of millennials still make credit card payments from holiday shopping a year ago.

Source : www.themaven.net
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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