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.
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 morehere.
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