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calendar   Tuesday - December 24, 2019

Biggest Retail Sales Numbers EVAR !!!

“Trump is destroying the economy” complain the Dems “He’s killing the middle class”.

Record Breaking Retail Sales Numbers For This Holiday Season

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.

Final Saturday before Christmas was the largest U.S. shopping day ever.

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.

This story comes from Mr. Nanny State’s personal news service, Bloomberg. So expect some bias ... this is the worst way they could write up this story. 


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Posted by Drew458   United States  on 12/24/2019 at 01:15 PM   
Filed Under: • Economics •  
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Oh, and here's some kind of visitor flag counter thingy. Hey, all the cool blogs have one, so I should too. The Visitors Online thingy up at the top doesn't count anything, but it looks neat. It had better, since I paid actual money for it.
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