Jewelry Sales Fall on Black Friday

Dec 1, 2020
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US jewelry sales plunged 54% year on year on Black Friday as consumers stayed away from  physical stores, according to shopping tracker RetailNext.

Total footfall at brick-and-mortar stores decreased 48%, while in-store purchases across all   categories slid 30%, RetailNext reported Saturday. The drop was also due to a lack of “doorbuster” sales, in which retailers offer large discounts on specific items to get shoppers in the door,  explained Brian Field, senior director of global retail consulting at retail tracker Sensormatic Solutions. 

However, the total amount spent by shoppers in physical locations on all merchandise grew  36% on Black Friday versus the same day a year ago, despite the drop in traffic, as consumers who  ventured out showed stronger intent to purchase.

 “Due to Covid-19 and social-distancing requirements, shoppers were more purposeful in  their in-person Black Friday shopping,” Field explained.

  That trend is likely to continue through the entire holiday season, noted Bridget Johns, chief  marketing officer and head of growth strategies at RetailNext.

Meanwhile, visits to physical stores on Thanksgiving Day plunged 95% year on year as many  stores closed to prevent in-store crowding. 

“Although traffic on Thanksgiving Day has risen in recent years, we are not surprised to see  the departure from this trend in 2020,” Field added. “With Black Friday deals being spread  throughout the holiday season, the typical holiday-traffic peaks are flattening, with more days  sharing importance throughout the season.” 


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https://www.diamonds.net/News/NewsItem.aspx?ArticleID=65703&ArticleTitle=Pandora%2bExpects%2bHit%2bfrom%2bSecond%2bLockdowns. November 30 , 2020.

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Jewelry Sales Fall on Black Friday

Dec 1, 2020
670 views
0 share
แหล่งที่มา: https://www.diamonds.net
หมวดหมู่: การตลาด

US jewelry sales plunged 54% year on year on Black Friday as consumers stayed away from  physical stores, according to shopping tracker RetailNext.

Total footfall at brick-and-mortar stores decreased 48%, while in-store purchases across all   categories slid 30%, RetailNext reported Saturday. The drop was also due to a lack of “doorbuster” sales, in which retailers offer large discounts on specific items to get shoppers in the door,  explained Brian Field, senior director of global retail consulting at retail tracker Sensormatic Solutions. 

However, the total amount spent by shoppers in physical locations on all merchandise grew  36% on Black Friday versus the same day a year ago, despite the drop in traffic, as consumers who  ventured out showed stronger intent to purchase.

 “Due to Covid-19 and social-distancing requirements, shoppers were more purposeful in  their in-person Black Friday shopping,” Field explained.

  That trend is likely to continue through the entire holiday season, noted Bridget Johns, chief  marketing officer and head of growth strategies at RetailNext.

Meanwhile, visits to physical stores on Thanksgiving Day plunged 95% year on year as many  stores closed to prevent in-store crowding. 

“Although traffic on Thanksgiving Day has risen in recent years, we are not surprised to see  the departure from this trend in 2020,” Field added. “With Black Friday deals being spread  throughout the holiday season, the typical holiday-traffic peaks are flattening, with more days  sharing importance throughout the season.” 


ข้อมูลอ้างอิง


https://www.diamonds.net/News/NewsItem.aspx?ArticleID=65703&ArticleTitle=Pandora%2bExpects%2bHit%2bfrom%2bSecond%2bLockdowns. November 30 , 2020.

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