Holiday Shopping 🛍

Holiday Shopping

Last Friday, American consumers woke up early in the morning to catch Black Friday deals on their favorite brands. In past years, it wasn’t uncommon to see videos of frenzied customers sprinting to snatch the last T.V. or quick clips of people fighting over slightly discounted children’s toys. This year, you may have noticed a lack of Black Friday madness — where are all the crazy clips?! Well, one explanation is that many shoppers did most of their holiday shopping online and earlier in the year.

According to data, Black Friday shopping at retail stores rose 47.5% from last year but fell 28.3% from the pre-pandemic 2019 levels. This time last year, many people stayed at home because of the pandemic and reduced hours at retailers. And just like last season, shoppers are shopping earlier and staying home because of concerns about COVID and supply chain issues. However, the news of the new COVID variant didn’t stop many shoppers, as they stood outside stores at 5AM to “secure the bag.”

Online, retailers made 1% less in Black Friday sales from last year — more evidence that shoppers started their holiday shopping earlier in the year. This was also the first time that sales growth declined from the previous year.

It seems gone are the days of people running into stores like a pack of hyenas from the movie The Lion King. Shoppers are being more strategic with their holiday purchases, buying earlier in the season and being flexible with their shopping schedules to get great deals.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.


More Posts

Taiwan’s Tango 🕺

Taiwan depends more on China for trade than it does on the U.S, China still holds major influence on the state of the Taiwanese econom

Permit 🚘

Self-driving cars have moved from a mere fictional and playful speculation to a reality.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.


Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying, holding or investing in digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC.

The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.