{"id":2109860,"date":"2023-11-28T12:59:02","date_gmt":"2023-11-28T17:59:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/record-200-million-people-shopped-over-thanksgiving-weekend-exceeding-expectations\/"},"modified":"2023-11-28T13:05:36","modified_gmt":"2023-11-28T18:05:36","slug":"record-200-million-people-shopped-over-thanksgiving-weekend-exceeding-expectations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/record-200-million-people-shopped-over-thanksgiving-weekend-exceeding-expectations\/","title":{"rendered":"Over 200 million people shopped during Thanksgiving weekend, surpassing expectations"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frecord-200-million-people-shopped-over-thanksgiving-weekend-exceeding-expectations%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2109860&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Record-Breaking Thanksgiving \u2062Weekend Shopping<\/h2>\n<p>According to the National Retail Federation (NRF), more than 200 million consumers\u200b participated\u200b in the Thanksgiving weekend shopping frenzy,\u200c setting a new record. The NRF&#8217;s annual survey revealed that\u2063 a staggering 200.4 million people went shopping\u200b during\u200d the five<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nolte-after-two-weeks-woketard-355-fails-to-top-9m-at-box-office\/\" title=\"Nolte: After Two Weeks, Woketard '355' Fails to Top M at Box Office\">-day holiday weekend<\/a>,\u2064 surpassing the\u200b NRF&#8217;s initial \u200bestimate of 182 million shoppers by a remarkable \u200c18\u200b million.<\/p>\n<h3>A Major Holiday Success<\/h3>\n<p>NRF President and CEO\u2064 Matthew Shay\u2062 expressed his excitement during a press call, \u2062stating, &#8220;We \u200dthought we&#8217;d have a big\u2063 weekend, \u2062and we did. We had a very big \u2063weekend.\u2062 This was a major holiday \u2014\u200b a record-setter.&#8221;<\/p>\n<p>Shay also shared that the average \u200camount spent on various \u200ditems, including gifts, decor, and food, was\u200c $321,\u2062 which showed a slight \u2063decline compared\u2063 to \u200dthe previous year.<\/p>\n<h3>In-Person and Online Shopping<\/h3>\n<p>While a\u2064 significant portion of the \u2062holiday weekend spending occurred online,\u200d consumers also chose to shop in-person. \u200cBlack Friday remained the most\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-retailers-consumers-brace-for-unusual-christmas-shopping-season\/\" title=\"U.S. Retailers, Consumers Brace for Unusual Christmas Shopping Season\">popular shopping day<\/a>, \u2064with\u2064 over 76 million shoppers \u2063visiting physical stores, an \u200dincrease from the previous year&#8217;s 72.9 million.<\/p>\n<p>On Black Friday, approximately 91 million consumers\u2063 shopped \u200donline, up from 87.2 \u2063million in the previous year. However, there was a slight decrease\u2062 in online shopping on Cyber Monday, with 73 million \u2064people\u2064 doing so this year compared to 77 million in\u200d 2022.<\/p>\n<h3>Top Gifts and Remaining Shopping<\/h3>\n<p>The top gifts\u2063 purchased during the five-day period included clothing\u200b and accessories, toys, gift cards, books, video games, and personal care or beauty items. Shay emphasized\u2064 that there is \u200cstill a \u2062significant amount\u200c of holiday\u200b shopping remaining, with\u2062 holiday shoppers reporting that \u200dthey have about half\u200c of \u200ctheir shopping\u2064 left to do before the\u200c end of the year.<\/p>\n<h2>Expectations for the Holiday Season<\/h2>\n<p>Despite the\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/undercover-chicago-police-officer-atf-agents-shot-in-shock-attack-as-city-handles-record-gun-violence\/\" title=\"Undercover Chicago Police Officer, ATF Agents Shot In Shock Attack As City Handles Record Gun Violence\">record-breaking weekend<\/a>, some analysts predict a more \u2062subdued holiday shopping season compared to \u200dprevious years. Ted Rossman, senior industry analyst at Bankrate, noted\u200c that October&#8217;s retail sales slightly declined \u2064from September, despite\u2064 more people indicating their intention\u200b to start holiday\u2062 shopping earlier \u2063this year.<\/p>\n<p>The NRF anticipates holiday spending to increase by 3% to 4% compared to last year, with \u200dshoppers expected to spend up to $966.6 billion in November and \u2063December. This projected growth\u200d aligns with pre-pandemic trends,\u2062 where annual \u2063holiday spending grew by an average of 3.6% from 2010 to 2019.<\/p>\n<p>However, Rossman \u200bbelieves\u200d that holiday \u200csales may \u2062fall short of the NRF&#8217;s projections, as recent retail sales figures show a decline when adjusted for inflation. He attributes this to the impact of inflation\u200b and \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/turkeys-lira-sinks-again-as-erdogan-cites-islamic-sharia-law-to-defend-economic-management\/\" title=\"Turkey\u2019s Lira Sinks Again as Erdogan Cites Islamic Sharia Law to Defend Economic Management\">high interest rates<\/a>\u2062 on consumers&#8217; purchasing power.<\/p>\n<h3>Signs of a More Muted \u200dSeason<\/h3>\n<p>There are\u2062 indications \u2064that retailers are also anticipating a less robust holiday spending season. Unlike previous \u200cyears, there has been a smaller surge in \u2064seasonal \u200chiring, with the NRF expecting employers \u200dto\u200c add\u2062 345,000 to 445,000 seasonal workers to their payrolls, a decrease of up to\u200b 40% compared\u200c to the\u2062 peak in 2021.<\/p>\n<p>Furthermore, outplacement services firm Challenger, Gray, and Christmas \u2062predicts that \u200cretailers will add around 410,000 seasonal positions, the lowest number since 2008.<\/p>\n<p>Andrew Challenger, head of sales and media at \u200bChallenger, Gray, \u200band\u2064 Christmas,\u2062 explained that\u200d with inflation slowing down, companies, especially retailers, may \u200cstruggle to pass increased labor costs\u2063 to consumers. This could result in more\u2062 job cuts rather than additional \u2062positions \u200din the retail sector.<\/p>\n<p>Despite\u200b these uncertainties, the country&#8217;s labor market has remained\u200b resilient, with \u200dthe economy adding 150,000 jobs in October, albeit fewer\u2063 than economists had projected.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\">Click here<\/a> to \u2063read \u2062more from The\u2062 Washington Examiner.<\/strong><\/p>\n<p> <\/p>\n<h2> How \u2062has the ongoing pandemic and concerns about new variants influenced consumer behavior during the holiday season?<\/h2>\n<p><span>  Conomic uncertainties, supply \u2063chain disruptions, and\u2062 rising inflation are some of the factors that could impact\u2064 consumer spending in the coming\u2062 weeks. Additionally,\u2064 the ongoing pandemic and potential concerns about new variants\u200d could influence consumer behavior.<\/p>\n<p>However,\u2064 the NRF remains optimistic about \u200dthe holiday season, forecasting a total \u2062retail \u200bsales increase of at \u2062least 8.5% to 10.5% \u2062compared to the previous year. They anticipate that consumers will continue \u2062to spend on gifts, entertainment, and experiences as they \u200blook \u200dto enjoy the \u2063festivities after \u200ca challenging couple of years.<\/p>\n<p>Retailers have been preparing for the holiday rush by bolstering\u200c their inventory and offering enticing deals and promotions. They \u200bare also investing in their online\u200b and omni-channel capabilities to cater to the \u2064growing \u200ctrend\u2064 of online shopping. Retailers are aware\u2062 that consumers value convenience, speed, and safety, \u200dand \u200care striving \u200dto provide a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-to-hire-a-quarter-million-new-workers-as-holiday-shopping-season-nears\/\" title=\"Amazon plans to recruit 250,000 fresh employees ahead of the upcoming holiday shopping season.\">seamless shopping experience<\/a> both in-store\u2062 and\u2064 online.<\/p>\n<p>The holiday \u200cseason is crucial\u200b for\u2063 retailers as it can account for a significant portion of their annual sales. Hence, they are doing everything \u200cpossible \u200bto attract customers and ensure \u200ca\u200b successful end to the year. From extended store\u2063 hours to early\u2064 Black Friday deals, retailers are leaving no stone unturned to capture consumers&#8217; attention and encourage them to make their purchases.<\/p>\n<p>While the\u200d Thanksgiving weekend shopping results are certainly encouraging, it is essential to note that the holiday season is far from over. There are still several \u200dweeks left, including the highly \u200canticipated holiday shopping \u2063weekends in December, such \u2063as Super Saturday and\u200d the days leading up to Christmas. These periods \u200bcould see a surge in last-minute shopping and further\u2063 boost the retail\u2062 industry&#8217;s performance.<\/p>\n<p>In conclusion, the record-breaking Thanksgiving weekend shopping is a \u200cpositive sign for\u2064 both retailers and the \u2064economy. The NRF&#8217;s survey\u200b highlights the resilience and determination of consumers to celebrate the holiday season\u2063 and express their love and appreciation through gifts and purchases. As the holiday season continues, retailers \u200cand\u200c consumers alike will remain active, and \u200bit will be interesting to see how the \u200brest \u200dof the shopping season unfolds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the National Retail Federation, a record-breaking 200.4 million consumers went shopping during the Thanksgiving weekend, surpassing the NRF&#8217;s anticipated 182 million. This five-day holiday period, from Thanksgiving to Cyber Monday, saw the highest number of shoppers in history<\/p>\n","protected":false},"author":1,"featured_media":2109861,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2109860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2109860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2109860"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2109860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2109861"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2109860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2109860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2109860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}