While November and December, with events like Black Friday and Cyber Monday, are peak months for online sales, the summer months and post-holiday season in January and February are typically the slowest. However, with the right strategies, retailers can turn these slow months into opportunities.
Traditionally, the best months for retail sales include November and December, largely due to the holiday season. The period from Thanksgiving to New Year's Day witnesses a surge in consumer spending as individuals shop for gifts, decorations, and holiday-related items.
The winter months host a variety of effective sales, including Black Friday and Cyber Monday in November, Super Saturday and Boxing Day sales in December, followed by New Year's Day Sales in January. A busy couple of months for ecommerce, right!?
The 2.5% retail sales growth in October, not adjusted for inflation, is also below the 12-month average growth of 4.2%. Non-food sales fall 1% on a total basis over the three months to October, which is below the 12-month average growth of 0.6%. For the month of October, non-food was in decline year-on-year.
The Christmas and January sales are also a great time to snag discounts on a wide range of products. The Christmas sales typically start on Boxing Day (the day after Christmas) and can last for several weeks. The January sales, on the other hand, usually start on New Year's Day and can last until the end of the month.
October's decline in retail spending is potentially an early sign of a slowing economy as US consumers get squeezed by higher borrowing costs and they continue to rack up credit card debt. A drop-off in sales of some big-ticket items helped drive October's decline.
What are the three busiest shopping days of the year?
The Busiest Shopping Days in the U.S. (in order): Black Friday - Friday, November 24. Super Saturday - Saturday, December 23. Second Saturday before Christmas - Saturday, December 16.
Avoid weekends: Without a doubt, weekends are the busiest days to shop, with Saturday leading the list. Mondays and Tuesdays are the least busy but stores may be out of a lot of items, especially if sales start on Wednesday.
Chain Store Age (CSA) says, according to an analysis from the retail traffic consulting and analytics group of Sensormatic Solutions, the busiest days of this year's holiday shopping season will likely be (in order) Black Friday (November 24), Super Saturday (December 23), and the third Saturday in December (December ...
While November and December, with events like Black Friday and Cyber Monday, are peak months for online sales, the summer months and post-holiday season in January and February are typically the slowest. However, with the right strategies, retailers can turn these slow months into opportunities.
The notion that sales slow down during the summer is largely a myth. While it's true that certain industries may experience a seasonal dip due to the nature of their products or services, it's not a universal rule. In fact, many businesses see steady or even increased sales during the summer months.
You might go through a sales dip in the summer, but don't let your shoulders slump. Come fall, the business will be booming once more. Model your disposition after the weather — the sunnier, the better.
Instead, Saturday was the top-ranked shopping day for five of the 12 weeks since stay-at-home orders began, while Friday and Sunday each had the most spend for four of these weeks. The other four days also saw increases.
Wednesday is the best day of the week to go grocery shopping because stores are usually less crowded mid-week. For the freshest items, time your shop for store opening or closing.
What is the least busiest shopping day of the week?
While we suggest avoiding the weekends for their obvious busyness, shopping during the weekdays when it's less crowded mostly depends on the time that you're going. Experts recommend going shopping Monday-Thursday, during the early morning or late at night—closest to the store's opening and closing hours.
Oxford Street is a major road in the City of Westminster in the West End of London, running from Tottenham Court Road to Marble Arch via Oxford Circus. It is Europe's busiest shopping street, with around half a million daily visitors, and as of 2012 had approximately 300 shops.
What are the busiest shopping days in December 2023?
Christmas Eve falls on a Sunday this year, allowing Americans to take advantage of a weekend of shopping before the holiday. December 23 is expected to be the busiest shopping day of the year after Black Friday, according to research firm Sensormatic Solutions.
PRINCETON, NJ -- Gallup's Daily monitoring of consumers' self-reported average daily spending in stores, restaurants, gas stations, and online finds that Americans spend the most on Saturdays, followed closely by Fridays; they spend the least on Mondays and Tuesdays.
Retail sales rose 0.7% in September, more than twice what economists had expected, and close to a revised 0.8% bump in August, the Commerce Department reported Tuesday.
On a year-over-year basis, retail sales ended 2023 up 5.6%. The numbers are not adjusted for inflation, so sales show that consumers are more than keeping up with an annual inflation rate of 3.4% as measured by the consumer price index.
The customers you will serve during the fall and winter are all recouping from the summer themselves, so September tends to be one of the slower months.” The September kickstart gets the necessary organization underway to regroup and be prepared for the pick up in traffic.
