Black Friday Shopping May Escape Inflation's Shadow

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Based on fuel prices in 2022, many retailers have reported that customers are making fewer trips to the stores but bundling purchases and spending more money per trip.

... [+]Black Friday is predicted to be the busiest shopping day in terms of the number of shopping visits for the holiday season in the U.S., according to Sensormatic Solutions by Johnson Controls. Brian Field, global leader of retail consulting and analytics at Sensormatic Solutions, said in an interview, “Black Friday will positively be the biggest shopping day of the year, hands down.

Shopping visits to physical retail stores year-to-date for 2022 are flat compared to last year for the same period. In the years leading up to the pandemic, specifically from 2016 to 2019, foot traffic to stores was trending down about 5%, so for 2022, being flat is a positive sign.“We are on the other side of the pandemic with more consumers buying online and in stores,” Field said. “Using 2021 as a barometer, being flat going into the holiday season is great.

Inflationary pricing has not significantly impacted consumer spending, with total retail sales up 9.9% through August 2022. Field said, “We have not seen this large of a consumer price increase in 40 years, but, with that said, the organic improvement in shopper visits is suggesting that inflationary pricing may not impact holiday shopping visits.” The recentThe complete list of predicted busiest shopping days in the U.S.

 

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“Surpreme” sp. Really Forbes?

worest day of the year 🌚

Not good

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