By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Minneapolis — More than 1,000 Best Buy stores in 47 states will open at 6 p.m. local time on Thanksgiving evening, and they will remain open until 10 p.m. local time on Friday, Nov. 29.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Naperville, Ill. — OfficeMax plans to open its doors at 8 p.m. on Thanksgiving Day, when it will launch the first of three rounds of sales events.
The No. 3 office-supply chain said the decision to open on the national holiday is “consistent with many retailers,” and that 35 million shoppers visited stores on Thanksgiving Day last year.
New York — Total holiday sales will grow between 4 percent and 4.5 percent, to upward of $967 billion, according to a new forecast by Deloitte.
The projected gains will be spurred by rising home prices and steady job creation, and are on par with last year’s 4.5 percent increase, the consultancy said.
Direct sales, including the online, catalog and interactive TV channels, are expected to increase upwards of 13 percent, while 8 percent of brick-and-mortar sales, or $66 billion, will be influenced by research on mobile devices, Deloitte projected.
Port Washington, N.Y. – Strong demand for tablet computers was not enough to offset a 5.6 percent drop in CE sales the week of Thanksgiving, The NPD Group reported.
The period spans the Saturdays before and after Thanksgiving Day and includes Black Friday.
The downturn follows a nearly 4 percent decrease in 2011.
Damping down sales were steep declines in mature categories like GPS and camcorders, both down 40 percent in revenue year over year.
Chicago – Thanksgiving Day openings at brick-and-mortar stores contributed to an 8.2 percent spike in foot traffic over the Thanksgiving weekend, to more than 594 million store visits.
But according market research firm ShopperTrak, retail sales trailed traffic, edging up 2.7 percent year over year to about $22 billion for the four-day selling period.
Sales were slightly down on Black Friday, observed ShopperTrak founder Bill Martin, as shopping was pulled forward by Thanksgiving Day promotions.
Bentonville, Ark. – Organized protests by Walmart workers nationwide on Black Friday did little to dampen Thanksgiving period sales, the discount chain said.
Walmart reported 22 million customer visits on Thursday, more than last year, with many shoppers responding to a 10 p.m. CE sale Thanksgiving night. That promotion guaranteed in-stocks on three doorbusters – an iPad 2, Emerson 32-inch LCD TV and an LG Blu-ray player – and garnered an “amazing” turnout, the retailer said.
For about a decade, give or take a year or so, I have been visiting the same three stores on Black Friday at around the same time – 9 a.m. to noon – P.C.
New York – By most measurements, the 2012 Black Friday weekend was one for the record books.
A combination of Thanksgiving Day store openings, pre-Cyber Monday sales and a highly motivated consumer led to a gangbuster weekend for merchants.
Irvine, Calif. – Vizio announced a $1,699 limited time special on its 70-inch E-series Razor LED LCD TV starting Thanksgiving Day on Vizio.com.
A $300 savings off the everyday price is being offered on the set, which features Vizio’s Razor LED backlighting technology, a 22mm bezel, FullHD 1080p picture, 120Hz refresh rate, Vizio Internet Apps smart-TV functionality and built-in Wi-Fi.
It ships with a smart remote including a full QWERTY keyboard.
This year’s Black Friday is expected to be the catalyst for tablets to pass notebook shipments for the first time in North America, a trend which we expect to continue for the foreseeable future.