December 6th, 2011 
Jonathan Dionisio 
Black Friday and Cyber Monday, two of the biggest shopping events in the country, have just ended. From what the sales data suggests, business is definitely booming for the retail industry – a good point to consider when looking at retail businesses for sale.
According to a survey by the National Retail Federation, total spending over the four-day weekend following Thanksgiving reached a record $52.4 billion, up 16% from $45 billion last year. Retail sales for Black Friday alone climbed 6.6% this year to an estimated $11.4 billion, according to ShopperTrak. Online sales last Friday were also up by 23.4%. ShopperTrak founder Bill Martin said that this is the largest year-over-year gain in their Black Friday estimate since 2007 and 2006.
Americans weren’t done shopping after Black Friday. They were still looking for deals and purchasing items online, even during work hours. Cyber Monday spending increased by 22%, reaching a total of $1.25 billion, based on the data from market research firm comScore.
Furthermore, more shoppers went to local stores and purchased goods online. What’s more, the average holiday shopper shelled out $398.62, $33 higher than in 2010.
But there is a looming challenge for retailers and that is to lure consumers to continue spending until Christmas and beyond. “The ability of retailers to keep up the momentum is the key," said Sherif Mityas, partner in the retail practice of A.T. Kearney, a New York-based consulting firm. "Retailers have to get people back in the stores and back online after this weekend."
In 2008, sales figures from Black Friday to Cyber Monday were at its best but consumers sat out during the rest of the holiday season, putting that year as the worst holiday season on record.
Fear not, for the retail industry has shown significant improvement over the last few years. What’s more, it has grown significantly throughout the entire year. This is the reason why retail businesses for sale are excellent acquisition opportunities. They continue to grow and remain profitable all year round. Despite negative consumer sentiments before, they managed to post good numbers and even exceed sales expectations.
If you’re interested to buy a retail business for sale, head over to Corporations4Sale.com, register as a buyer and start searching for your next acquisition opportunity.
Sources:
http://edition.cnn.com/2011/11/29/tech/web/cyber-monday-data/index.html
http://money.cnn.com/2011/11/29/pf/holiday_sales/index.htm
http://money.cnn.com/2011/11/27/pf/black_friday/index.htm
http://money.cnn.com/2011/11/26/pf/black_friday_sales/index.htm?iid=HP_LN
http://www.forbes.com/sites/anthonydemarco/2011/11/30/cyber-monday-breaks-single-day-online-sales-record/
Posted in 
Tags: 
[...] Black Friday and Cyber Monday: The Effect on Retail Businesses fo… [...]