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Top related persons:
” Matthew Shay - 1 ” - 1 Craig Johnson - 1 Johnson - 1 Edward Yruma - 1 Piper Sandler - 1 Mr - 1 Yruma - 1
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National Retail Federation - 1 Mastercard - 1 Growth Partners - 1 Target - 1 Bloomberg - 1 Retailers - 1

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☆ Is the Holiday Shopping Season Going to Be a Success? The Answer Is Murky.
  + stars: | 2023-12-01 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com   time to read: +2 min
kept its forecast that holiday sales — from Nov. 1 to Dec. 31 — would grow 3 to 4 percent this year. Mastercard, for example, said sales both in stores and online rose 2.5 percent on Nov. 24, from a year earlier. Like Mastercard’s estimate, the retail consultancy forecast that — adjusted for inflation — sales slipped slightly, Mr. Johnson said. If stores have too much inventory on hand, they may have to cut prices more than expected, which would erode their profits. “Really for the first time in four quarters, we are seeing retailers get inventories better aligned with sales,” Mr. Yruma said.
Persons: ” Matthew Shay, ”, Craig Johnson, Johnson, Edward Yruma, Piper Sandler, Mr, Yruma, “ Organizations: National Retail Federation, Mastercard, Growth Partners, Target
☆ Black Friday Spending Was Strong. How People Pay for Gifts Is Upending Retailers.
  + stars: | 2023-11-26 | by ( Suzanne Kapner | Imani Moise | ) www.wsj.com   time to read: 1 min
More shoppers visited stores on Black Friday compared with last year. Photo: Victor J. Blue/Bloomberg NewsRetailers aren’t just having trouble getting shoppers to buy sweaters and other holiday items this season. Store credit cards are also a tougher sell. But the stream is drying up as Americans carry fewer cards and increasingly finance purchases with buy now, pay later providers. Interest rates surpassing 30% on some retailers’ credit cards aren’t helping, according to analysts.
Persons: Victor J, Retailers aren’t Organizations: Bloomberg, Retailers
☆ Walmart, Target and Best Buy will be closed on Thanksgiving
  + stars: | 2022-10-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
We’ll again be closed on Thanksgiving,” Walmart (WMT)US CEO John Furner said in an interview Wednesday on NBC. Target (TGT) last year announced its stores would close on Thanksgiving for good. Holiday shopping used to be highlighted by a few key days — Black Friday being the biggest. But with the growth of online shopping, retailers aren’t as reliant on specific days to drive sales anymore. Costco (COST), Home Depot (HD), Nordstrom (JWN), Publix, Trader Joe’s and others have been closed on Thanksgiving for many years.
☆ REI dumps Black Friday — permanently
  + stars: | 2022-10-05 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +2 min
New York CNNBusiness —REI has quit Black Friday, forever. For the past seven years, the retailer has closed its doors on the day after Thanksgiving to give its employees a day off. A woman walks past a closed REI store in New York on Black Friday, 2016. Walmart (WMT), for example, is getting the ball rolling on its year-end holiday shopping season even before Halloween. Still, REI’s move to permanently dump Black Friday, as part of its “Opt Outside” movement to mark the day, is noteworthy because most retailers are continuing to keep their stores open.
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