They’re trying to spin year over year deceleration in sales as a positive, caveating how onerous online retailers are to brick and mortar and how they should be content with a very small draw down from last year.
Losers think like that.
Sales at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday were down slightly from last year, but the performance was still seen as strong in a holiday shopping season where discounts spread well beyond the weekend and many shoppers moved to the web.
Online sales were up by double digits, according to data released on Saturday.
Data from analytics firm RetailNext showed overall sales for both days fell 1.5 percent on flat customer traffic, while average spending per shopper dropped 1.4 percent.
Preliminary data from ShopperTrak showed sales at stores totaled about $12.1 billion on Thursday and Friday. The company said it is an “estimated decrease from last year” but did not give the percentage decline due to an internal change in the way it calculates data. Last year, it reported sales of $12.29 billion for the same period.
Sepaaretly, online retailers aka Amazon, posted 18% growth for total sales of $4.4 billion. In a twisted world, a -1.4% growth rate is “good”. In the real world, it fucking sucks. The shopping mall is deal. Long live the deflationary vortex of the internet, aka Amazon and Google.
I can’t wait for Cyber-Monday. My wife just told me “it already started.”
If you enjoy the content at iBankCoin, please follow us on Twitter
Shopping malls are dead…Time for $SRS?
Supposedly online sales are still only ~8-9% of retail
“…. with a very small draw down from last year.” …
“draw down” = drawdown.
No need to thank me Fly, happy to help …
So all those big mammas in the Stampede video weren’t there to spend money, and just showed up for the fight…? Obama’s America is even more savage than I thought.
LOL. Big mamas
I say turn the malls into VR, booze, smoke, headshop etc. Type spaces. Omage to el diablo.
Yes, all the lagging behind states need to legalize marijuana now. Put some pot shops in those mall buildings. Pot is far less dangerous to the body than alcohol. In fact, medical marijuana has been found to be a better treatment for glaucoma & numerous other medical problems than the standard prescription drugs that would otherwise be used. Let’s get into the 21st century here, people.
Pot shops, if following regulations, would probably have to build a fortress in a mall type space, i’m guessing?
This would be even worse for shopping. Everyone would get high then just chill out instead of having to walk and shop.
The premise was we were replacing “shopping and malls” with new shit. Chilling out would be welcomed if that’s the desire.
I’ve been told for over a year that lower gas prices would be stimulative to the economy. That’s a fucking lie and espoused by people that don’t understand basic economics. Lower gas prices don’t create GDP growth, it simply shifts spending to another sector of the economy. In this case Obamacare premiums,et al. The GDP “pie” did not expand because of lower gas prices. Gluttonous Americans simply chose to eat more apple pie than pumpkin pie. Although insulin intake was probably up, so maybe I’m a fucking liar.