Every year at this time, market analysts look towards consumers as a vital measurement of economic strength. Well, this year’s holiday spending has not been overly promising. I honestly thought numbers would show a significant growth in online purchases over last year, but that doesn’t appear to be the case. If you’re in retail stocks, watch them closely. I, for one, will likely not invest too heavily into this space, for now, based in the preliminary data.
Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season https://t.co/ijIcikTsLB
— UrbanRyno (@ryanmathews) November 28, 2021
Black Friday online sales dip for 1st time, to $8.9 billion, Adobe finds – ABC News – https://t.co/BwrVlbUFuG via @ABC
— UrbanRyno (@ryanmathews) November 28, 2021
