So, we’ve made it to the new year! We hope that you had a great ending to 2017 and that you’re ready to tackle 2018!
We search for a few articles each week we think are relevant for our industry as well as connect what we do to consumers. Over the weeks towards peak season, we’ve posted a lot on how retailers – both brick and mortar and eCommerce – prepared. Let’s take a brief look at how they did during peak retail season 2017…
- Quartz reports that retailers had their best holiday sales in years, in this article, they say, “Between Nov. 1 and Dec. 24 (Christmas Eve), holiday retail sales, excluding automotive, rose 4.9% versus the same period last year, according to MasterCard SpendingPulse. It marks the largest year-over-year increase MasterCard has tracked since 2011.” We’re still waiting on final numbers but stores that where strong did well.
- The weather is now impacting January sales, typically good for sales and liquidation. The freezing temperatures keep people at home. This will hurt retailers that are already struggling. For example Toys R Us just hired liquidation advisors as some of their stores may be on the chopping block. They currently have 183 stores operating under bankruptcy proceedings while they reorganize.
- What about this theory about Amazon buying Target? There’s so much to consider with this proposition, isn’t there?
- We should know in a couple of days if UPS’s prediction of them handling 1.4 million returns yesterday rings true.
Happy New Year!
As of September 8, 2020, Crimson & Co (formerly The Progress Group/TPG) has rebranded as Argon & Co following the successful merger with Argon Consulting in April 2018.
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