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
The s p up 11 the dow up nearly 13 on pace for its best month since january of 1987. The nasdaq up about 12 . Check out the small caps because the russell 2,000 is up almost 21 in november alone. Thats the stock world but, melissa, our other favorite topic, bitcoin thats been moving a lot, too. Maybe joes favorite topic, at least bitcoin after recently hitting 16,000 were seeing it recoop some of those losses in recent days its up by almost 2 today, above 18,000, 18,540 guggenheim is reserving right for 5. 3 billion Macro Opportunities Fund to invest up to 10 in the Gray Scale Bitcoin Trust which is only invested in bitcoin and of course this follows many large investors including stanley drunken miller voiced support for this krip cro currency, joe. Yes, it has been getting traction interesting recent trading and good to see you, melissa and andrew its tough to come back from vacation, but having you here, melissa, i dont know, it just makes me feel very, very comfortable, happy my he
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
Beyond. That first macro trends advisor mitch rishel joins me now, retailers were already offering deep discounts ahead of the start of the Holiday Shopping season despite all the advanced shopping, is there still some pentup demand . I think theres tremendous pentup demand, deep discounts went down into the summer and some retailers especially the division is offering them as black friday deals on fridays in july and august, tremendous pentup demand, i think its cabin fever, retail therapy, i think there is enough momentum to carry us through the holidays with the level of volume. Dagen is there enough money to curious into the holidays remember the extra money people were getting on their unemployment checks that expired at the end of july, is there enough money that people have socked away to really drive sales . I think so, you look at the savings rate which spiked in april and even has come down a bit, it is still two times the level of savings that americans normally do think abo