Thats ali baba alone, while black friday was once the now known for outrageous door busters that caused consumers to line up in front of Big Box Stores like target, walmart and best buy 2019 was the 1st year in which more people shopped online than in store. For the most part, sales figures have continued to trend up over the last 2 decades. But the copa 19 pandemic has thrown a wrench in the works. The fact that many stores will not have in person a bed due to the pandemic, as well as millions of americans facing unemployment and a lack of another stimulus package to put cash in a customers pockets, has many wondering what we can expect from this Holiday Shopping season, so lets get some expert analysis from dr. Vankin shankar, director of research at the center for retailing studies that made Business School at texas a and m. And dr. Barbara stuart, the coordinator of retailing and Consumer Sciences at the university of houston. Thank you both for being here today. Dr. Stuart, i want
As well as millions of americans facing unemployment and a lack of another stimulus package to put cash in the pockets. Has many wondering what we can expect from this Holiday Shopping season. So lets get some expert analysis from dr. Banky shankar, director of research at the center for retailing studies at Mays Business School at texas a and m. And dr. Barbara stuart, the coordinator of retailing and Consumer Sciences at the university of houston. Thank you both for being here today. Dr. Stuart, i want to start with you. Were seeing a change in black friday due to the pandemic and stores want to avoid crowds. What are some new trends that were already seeing for the black friday this year . Well, here are 3 aspects that will make this a black friday like, you know, rather firstly, Online Shopping has exploded. Secondly, shopping, and thirdly, retail is innovating and so on the on line explosion, as the panamic began. My degree said consumers change the way they shot 40 percent of peo
Weekend as a chance to get a jump on the Holiday Shopping, chinas single day may actually be the biggest worldwide. In fact, ecommerce behemoths ali baba expanded its single day offering to take place over 11 days this year and nearly doubled sales to more than 75 1000000000. 00. And thats ali baba alone, while black friday was once and now known for outrageous door busters that caused consumers to line up in front of Big Box Stores like target, walmart, and best buy 2019 was the 1st year in which more people shopped online than in store for the most part, sales figures have continued to trend up over the last 2 decades. But the covert 19 pandemic has thrown a wrench in the works. The fact that many stores will not have in person a bed due to the pandemic, as well as millions of americans facing unemployment and a lack of another stimulus package to put cash in a customers pockets. Has many wondering what we can expect from this Holiday Shopping season. So lets get some expert analysis
The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
Disaster. Monetary policy works through emulating aggregate demand and that is important now. Ultimately, there is a job to replace lost income. Our congress stepped in and there has not been a faster or stronger response from congress to an economic emergency since the great depression. The cares act and other laws have been passed to more than offset lost income in the aggregate. There will be people for whom that is not true. You see high levels of savings on the Balance Sheets of households. Not experienced the downward cases we were worried about of mass insolvencies of businesses so far. So far, so good, i would say. There are no full recoveries without confidence. Do, which ipart to think we have done. The path forward will be challenging for a number of reasons, and i am sure we will get into some of them. Congresso do more and might need to do more with fiscal policy. The particulars of that are up to congress and not up to us. It is likely more will need to be done in time. O