Podcast: A 5% Increase in Holiday Spending and Two Other Numbers You Need to Know

Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:

The equal weighted index includes 98 companies in the U.S. retail industry, from apparel, to groceries, to automotive.

That drop comes as retailers enter the busiest time of the year : the holiday shopping season. Some retail chains bring in as much as a third of their annual sales in November and December alone, according to the National Retail Federation.

There will be no shortage of Black Friday deals today.

That’s higher than the five-year average, and it comes after 5.6% growth last year-which was the fastest rate since before the Great Recession.

Decades-low unemployment, high consumer confidence, and growing wages could spur shoppers to spend around $750 billion this holiday season.

There’s even an added day versus last year between Thanksgiving and Christmas-the prime part of shopping season.

The e-commerce giant has shown no signs of slowing down. But several brick-and-mortar retailers have worked to boost their own online offerings since last holiday season.

Kohl’s, Walmart, Target, and Best Buy in particular have invested in their own e-commerce fulfillment infrastructure and software. Given the strong economic and consumer environment, they’ll need to show that these efforts are paying off.

Numbers by Barron’s is a new daily podcast. Find out more here.

This episode was hosted by Nick Jasinski.

Write to Nicholas Jasinski at nicholas.jasinski@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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