AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.00 Decreased By ▼ -0.99 (-0.77%)
BOP 6.68 Increased By ▲ 0.08 (1.21%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 8.60 Increased By ▲ 0.12 (1.42%)
DFML 41.30 Decreased By ▼ -0.18 (-0.43%)
DGKC 86.71 Increased By ▲ 0.13 (0.15%)
FCCL 32.16 Increased By ▲ 0.02 (0.06%)
FFBL 64.70 Decreased By ▼ -0.72 (-1.1%)
FFL 10.29 Increased By ▲ 0.04 (0.39%)
HUBC 109.51 Decreased By ▼ -0.98 (-0.89%)
HUMNL 14.90 Increased By ▲ 0.15 (1.02%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.40 Increased By ▲ 0.28 (3.93%)
MLCF 41.39 Decreased By ▼ -0.26 (-0.62%)
NBP 60.60 Increased By ▲ 0.51 (0.85%)
OGDC 190.00 Decreased By ▼ -4.69 (-2.41%)
PAEL 27.81 Decreased By ▼ -0.14 (-0.5%)
PIBTL 7.75 Decreased By ▼ -0.25 (-3.13%)
PPL 149.75 Decreased By ▼ -1.42 (-0.94%)
PRL 26.73 Decreased By ▼ -0.15 (-0.56%)
PTC 16.18 Increased By ▲ 0.18 (1.13%)
SEARL 86.02 Increased By ▲ 7.82 (10%)
TELE 7.72 Increased By ▲ 0.33 (4.47%)
TOMCL 35.58 Decreased By ▼ -0.09 (-0.25%)
TPLP 8.14 Increased By ▲ 0.23 (2.91%)
TREET 16.51 Increased By ▲ 0.62 (3.9%)
TRG 53.35 Increased By ▲ 0.59 (1.12%)
UNITY 26.28 Decreased By ▼ -0.27 (-1.02%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,884 Decreased By -36.4 (-0.37%)
BR30 30,600 Decreased By -151.5 (-0.49%)
KSE100 93,355 Increased By 130.9 (0.14%)
KSE30 28,931 Increased By 46 (0.16%)

Crowds were thin at US malls and stores on Black Friday morning, formerly the traditional start of the holiday shopping season, with stores opening earlier and online sales expected to take the biggest share of gains in retail sales over last year. In the New York and Chicago areas, shoppers said stores were less busy than previous years on the day after the Thanksgiving holiday.
"Nobody was busting down the doors at 6 am," said Tracy Watkins, a Bed, Bath and Beyond store manager at the Chicago Ridge Mall, as temperatures outside lurked below freezing. "I've been here on other Black Fridays and it was bad, but I guess this year because of the hours it's not bad. Really calm," said shopper Lauren Green, who was in line outside a Zara clothing store in the Roosevelt Field Mall on Long Island east of New York at 5:20 am.
By Thanksgiving evening, online spending by US shoppers had climbed to $1.13 billion, according to Adobe Digital Index, surging almost 14 percent from a year ago. Target Corp said on Thursday it had seen one of its "strongest days ever" online. Wal-Mart Stores Inc, the largest bricks-and-morter retailer in the United States, said Thanksgiving Day was "one of the of the top online shopping days of the year."
The deepest average discounts for Black Friday came from leading online retailer Amazon.com Inc, with an average of 42 percent off, compared with 33 percent off on Walmart, 35 percent on Target and 36 percent on Best Buy, according to e-commerce analytics firm Clavis Insight. President-elect Donald Trump also stepped into the online sales excitement. On Friday morning, Trump's online store announced it was offering a 30 percent-off deal on all campaign products, including a $149 Christmas ornament.
"President-elect Trump loves a great deal," a promotional email said. For years, Black Friday has started the holiday shopping season in the United States with retailers offering steep discounts. But its popularity has been on the wane with the emergence of online shopping and cheap deals through the year from retailers.
"There will be continuing dominance in online sales today as consumers increasingly realise they will get the same deals in-store and online," said Brent Schoenbaum, a partner at Deloitte & Touche LLP. Schoenbaum, who was out visiting stores in Glendale, California, said customer traffic in-store remained subdued.
"It used to be very busy, but for the past two years the mornings are not very crazy," said Gina Reynolds, a 39-year-old housewife who was shopping at a Macy's store in the Water Tower Place Mall in Chicago. Crowds were also relatively thin at other retailers in the mall, including department store J.C. Penney and apparel seller Abercrombie & Fitch.
The holiday shopping season, which runs through Thanksgiving and Christmas on December 25, can account for as much as 40 percent of retailers' annual sales. The National Retail Federation has said it expects sales this holiday season to increase by 3.6 percent to about $656 billion, mainly due to the rise in online shopping.

Copyright Reuters, 2016

Comments

Comments are closed.