"...Net sales on Black Friday slid 10.4 percent for brick-and-mortar chains...
"Stores that opened on Thursday were not very busy on Black Friday,... and while the Thanksgiving Day opt-outs were busier on Black Friday, they didn't see the crowds they saw in previous years,"
...Thanksgiving and Black Friday online sales tracked by Adobe Digital Index were $5.27 billion, up 18 percent from a year earlier and higher than its prior estimate of $5.05 billion.
Black Friday sales rose 21.6 percent to $3.34 billion, with purchases made on mobile devices contributing more than $1 billion in revenue, both record sales for the day."
http://www.reuters.com/article/us-usa-holidayshopping-idUSKBN13L0ZH
The NRF reported that stores would hire between 640,000 and 690,000 seasonal workers.
That's down from the 700,000 workers they said they'd hire in 2015,
and the 713,780 they did hire in 2014.
That's much less than the 764,750 workers hired in 2013.
At least it's not as bad as the 263,820 workers hired in 2008.
I think total sales may fall for 2016
There are a lot fewer stores
.
.
These 14 major retailers are each closing at least 100 stores as of Sunday, September 25 th 2016
1. Aéropostale
Number of store closings: 154
Aéropostale, the teen clothing retailer has announced the closure of 113 U.S. locations and 41 stores in Canada.
2. American Eagle
Number of store closings: 150 over three years
The company cited mall traffic as one of the problems as comparable same-store sales dropped 10%, according to Reuters.
3. Chicos
Number of store closings: 120 stores between fiscal 2015 and 2017
Read more: These 5 retail brands have come back from the dead
4. The Children's Place
Number of store closings: 200 between fiscal 2015 and 2017
5. Finish Line
Number of store closings: 150 by 2020
"These stores that we closed and will continue to close are stores that are low-volume stores for us that have been on the declining sales and profit trends for years," said CEO Sam Sato in the earnings call.
6. Hancock Fabrics
Number of store closings: 255/all stores
The retailer filed Chapter 11 bankruptcy in February...
7. Macy's
Number of store closings: 100
Recently, Macy's said in a press release that it plans to close 100 stores and concentrate on better performing locations. Macy's had already announced it was closing at least 90 stores due to the changing retail landscape.
8. Men's Warehouse/Jos. A. Bank
Number of store closings: 250
Unable to recover from an ill-advised merger two years ago, parent company Tailored Brands Inc. is downsizing.
“We have determined that outlet stores, which collectively were not profitable, are not sufficiently differentiated enough from our core offerings and have not resonated with our customers,” CEO Doug Ewert said in a statement.
9. Office Depot/Office Max
Number of store closings: 400
10. Sears & Kmart
Number of store closings: 142
In April, the company announced it would be closing 68 Kmart and 10 Sears stores. And just this week, Business Insider reported that Sears Holdings would close an additional 64 Kmart stores by December.
Read more: Report: Kmart is planning to close dozens of stores
11. Sports Authority
Number of store closings: 140/all stores
After filing Chapter 11 bankruptcy and selling its remaining merchandise to liquidators, Sports Authority is officially no more.
12. Walgreens
Number of store closings: 200 between 2015 and 2017
13. Walmart
Number of store closings: 154, but opening 300 worldwide
Read more: What Walmart's purchase of Jet.com means for you
14. Wolverine World Wide
Number of store closings: 100
"You're seeing these kind of wild swings in currency," said Chief Executive Officer Blake Krueger.
The company has 15 brands and a global workforce of 6,000 employees.
http://www.clark.com/major-retailers-closing-stores
In 2014, spending volume on Black Friday
fell for the first time since the 2008 recession.
$50.9 billion was spent during the 4-day Black Friday weekend,
down 11% from the previous year.
"Stores that opened on Thursday were not very busy on Black Friday,... and while the Thanksgiving Day opt-outs were busier on Black Friday, they didn't see the crowds they saw in previous years,"
Notice no billions total number for all sales
...Thanksgiving and Black Friday online sales tracked by Adobe Digital Index were $5.27 billion, up 18 percent from a year earlier and higher than its prior estimate of $5.05 billion.
Black Friday sales rose 21.6 percent to $3.34 billion, with purchases made on mobile devices contributing more than $1 billion in revenue, both record sales for the day."
http://www.reuters.com/article/us-usa-holidayshopping-idUSKBN13L0ZH
If the $5 billion online sales is about 10% of brick and mortar,
and the following continues to fall...;
 |
| https://www.thebalance.com/what-is-black-friday-3305710 |
That's down from the 700,000 workers they said they'd hire in 2015,
and the 713,780 they did hire in 2014.
That's much less than the 764,750 workers hired in 2013.
At least it's not as bad as the 263,820 workers hired in 2008.
I think total sales may fall for 2016
There are a lot fewer stores
.
.
These 14 major retailers are each closing at least 100 stores as of Sunday, September 25 th 2016
1. Aéropostale
Number of store closings: 154
Aéropostale, the teen clothing retailer has announced the closure of 113 U.S. locations and 41 stores in Canada.
2. American Eagle
Number of store closings: 150 over three years
The company cited mall traffic as one of the problems as comparable same-store sales dropped 10%, according to Reuters.
3. Chicos
Number of store closings: 120 stores between fiscal 2015 and 2017
Read more: These 5 retail brands have come back from the dead
4. The Children's Place
Number of store closings: 200 between fiscal 2015 and 2017
5. Finish Line
Number of store closings: 150 by 2020
"These stores that we closed and will continue to close are stores that are low-volume stores for us that have been on the declining sales and profit trends for years," said CEO Sam Sato in the earnings call.
6. Hancock Fabrics
Number of store closings: 255/all stores
The retailer filed Chapter 11 bankruptcy in February...
7. Macy's
Number of store closings: 100
Recently, Macy's said in a press release that it plans to close 100 stores and concentrate on better performing locations. Macy's had already announced it was closing at least 90 stores due to the changing retail landscape.
8. Men's Warehouse/Jos. A. Bank
Number of store closings: 250
Unable to recover from an ill-advised merger two years ago, parent company Tailored Brands Inc. is downsizing.
“We have determined that outlet stores, which collectively were not profitable, are not sufficiently differentiated enough from our core offerings and have not resonated with our customers,” CEO Doug Ewert said in a statement.
9. Office Depot/Office Max
Number of store closings: 400
10. Sears & Kmart
Number of store closings: 142
In April, the company announced it would be closing 68 Kmart and 10 Sears stores. And just this week, Business Insider reported that Sears Holdings would close an additional 64 Kmart stores by December.
Read more: Report: Kmart is planning to close dozens of stores
11. Sports Authority
Number of store closings: 140/all stores
After filing Chapter 11 bankruptcy and selling its remaining merchandise to liquidators, Sports Authority is officially no more.
12. Walgreens
Number of store closings: 200 between 2015 and 2017
13. Walmart
Number of store closings: 154, but opening 300 worldwide
Read more: What Walmart's purchase of Jet.com means for you
14. Wolverine World Wide
Number of store closings: 100
"You're seeing these kind of wild swings in currency," said Chief Executive Officer Blake Krueger.
The company has 15 brands and a global workforce of 6,000 employees.
http://www.clark.com/major-retailers-closing-stores
