Online Shopping Tops Brick-and-Mortar on Black Friday Weekend

Online Shopping Tops Brick-and-Mortar on Black Friday Weekend
More shoppers did their holiday deal hunting online than in stores, a National Retail Federation survey reveals, with 57% of those shopping on their cell phones. Despite malls being quieter than usual, Black Friday sales still jumped 14% over last year–spending $4.45B total–underscoring a dramatic shift in shopping habits in recent years, the Wall Street Journal reports. On the brick-and-mortar end, holiday sales totaled $12.1B, a dip from last year. “This holiday may be a wake-up call for store-based retailers,” retail consultant at PricewaterhouseCoopers Steve Barr says, “to recognize they are going to have to transform their store models to compete with online retailers.” [WSJ]
Online sales coming from large retailers like Amazon and Wal-Mart and a growing number of smaller online retailers like osiyo computers and video games
Read more at: https://www.bisnow.com/national/news/retail/online-shopping-tops-brick-and-mortar-on-black-friday-weekend-53008?utm_source=CopyShare&utm_medium=Browser
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