November 29, 2016
No, The End Is Not Near For Brick-And-Mortar Retail
No, The End Is Not Near For Brick-And-Mortar Retail NOVEMBER 28, 2016 | BY ERIKA MORPHY | GlobeSt.com WASHINGTON, DC–The problem isn’t that online sales are rocking the Thanksgiving Day holiday …

Read more

No, The End Is Not Near For Brick-And-Mortar Retail

NOVEMBER 28, 2016 | BY ERIKA MORPHY | GlobeSt.com

WASHINGTON, DC–The problem isn’t that online sales are rocking the Thanksgiving Day holiday weekend but underperforming properties and retailers.

Never before has the divide between online retail and brick-and-mortar retail sales been as stark as it has this holiday season.  Adobe reported that more than $5 billion, or $5.27 billion to be exact, was spent online by the end of Black Friday, a 17.7% increase year-over-year.

In fact Black Friday sales surpassed the three-billion-dollar mark for the first time at $3.34 billion, for a 21.6% growth YoY, while Thanksgiving accounted for the remaining $1.93 billion. In another record first. Black Friday became the first day in retail history to drive over one billion dollars in mobile revenue at $1.2 billion, a 33% growth YoY.

“Shoppers hit the buy button at unprecedented levels as conversion rates were up nearly a full percent across all devices in the evening hours on Black Friday,” said Tamara Gaffney, principal analyst and director, Adobe Digital Insights in a prepared statement. “With the full day total coming in at $3.34 billion, Black Friday may have just dethroned Cyber Monday’s position as the largest online shopping day of the year.

I will cut straight to the chase. Yes, these number are good news for online retailers and yes, some of these sales were likely cannibalized from a physical store. But the inevitable hand-wringing that will start, probably after Cyber Monday’s sales are tallied up, over the fate of retail will be out of proportion to the problem.

Read Full Article Located Here

Recent

Continuous Offering NTR NAV and Return Data

Continuous Offering NTR NAV and Return Data

Blue Vault was built on the belief that transparency, education and access are the essential ingredients for wealth advisors to bring alts to the forefront of their practices.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now