Winter Holidays

While Black Friday comes just once a year, most retailers have probably been planning for the major shopping day – and the rest of the holiday season – for quite some time now. For shoppers, Black Friday through Cyber Monday – also known as “Cyber Week” – are all about scoring the best deals on gifts for their family and friends. And similar to recent years, most shoppers won’t simply be flooding physical stores this holiday season. Rather, they will also take advantage of deals through e-commerce websites and mobile apps. 

Constraints due to inventory levels took a toll on Tuesday Morning’s first quarter earnings.    The off-price home decor retailer reported a net loss of $8.9 million for the first quarter ended Sept. 30, 2016. Net sales for the quarter were $211.9 million, which is an increase from $9.6 million from the prior year. Same-store store sales increased 5.1%, however the company’s operating loss for the first quarter was $9.2 million.   

Office Depot is giving holiday shoppers almost a month-long head start on the season.    The office supplies company is kicking off Black Friday and Cyber Monday deals on Oct. 30 — a move that it anticipates will save its loyal shoppers time and money this holiday season. Deals will be available at stores, as well as on the Office Depot’s website.  

Retailers could see record Web traffic this year, according to Deloitte's 31st annual holiday survey of consumer spending intentions and trends.   

The retail loss burden overall is expected to be $132 per person this year.   However, $50 of this loss — about twice as much as in other calendar quarters — is expected to be incurred in this holiday season, according to “The 2016 Retail Holiday Season Global Forecast” from Checkpoint Systems. The report provides an analytical view of business risks that major retailers face during this holiday season.   

Value and promotions will take center stage in Target Corp.’s holiday plans, along with a televised “musical” starring a 10-time Grammy-winning recording artist.   In addition to new and exclusive merchandise in every product category, Target is offering an array of holiday deals, including the return — and extension by one week — of free shipping for all online orders from Oct. 25 through Jan. 1, 2017.    

Looking to attract shoppers in what is expected to be a highly competitive season, Best Buy is waiving online shipping fees.   For the second year in a row, the electronics retailer is offering free shipping on all online purchases — with no minimum threshold — made during the holiday shopping season. The perk will run between Oct. 25, and Jan. 2. Best Buy typically charges a fee for all orders below $35.  

Relatively slow supply chains are hindering department stores’ ability to compete effectively in today’s retail market.