‘We’re seeing growth coming from increased demand, and not just higher prices,’ analyst says
- Black Friday online spending reaches record levels
- Cyber Monday expected to be biggest online shopping day ever
- Wall Street remains cautious despite signs of better demand
- Higher prices for basic needs impacting holiday spending
- Growth coming from increased demand, not just higher prices
- Consumers spending the same or more due to inflation
- Online spending on Thanksgiving Day and Black Friday increases
- Consumers waiting longer for better deals
- Physical stores experiencing more muted trends
- Retailers trying to manage holiday-season expectations
- Some chains seeing strong Black Friday sales
- Analysts have muted expectations for the rest of the holiday season
Online spending on Black Friday reached record levels, and Cyber Monday is expected to be the biggest online shopping day ever. However, Wall Street remains cautious, particularly around physical stores. Consumers are struggling with higher prices for basic needs, impacting their holiday spending. Despite this, there are signs of better demand, with growth coming from increased demand rather than just higher prices. Online spending on Thanksgiving Day and Black Friday increased, with electronics being popular purchases. Consumers are also waiting longer for better deals. Physical stores are experiencing more muted trends compared to online sales. Retailers are trying to manage holiday-season expectations, with some chains offering a tepid outlook. Analysts have muted expectations for the rest of the holiday season, as spending is likely to be episodic around key events like Black Friday and Cyber Monday.
Public Companies: Salesforce (CRM), Amazon (AMZN), Gap Inc. (GPS), Best Buy Corp. (BBY)
Private Companies:
Key People: Rob Garf (Vice President and General Manager of Retail at Salesforce), Joe Shasteen (Global Manager of Advanced Analytics at RetailNext)
Factuality Level: 7
Justification: The article provides information about online spending on Black Friday and Cyber Monday, as well as the challenges consumers are facing with higher prices for basic needs. It includes quotes from analysts and industry experts to support the information provided. However, there is some repetition of information and the article could have provided more specific data and examples to back up its claims.
Noise Level: 3
Justification: The article contains some relevant information about online spending on Black Friday and Cyber Monday, as well as the impact of inflation and higher prices on consumer spending. However, it also includes repetitive information and filler content, such as quotes from analysts and retail executives. The article lacks scientific rigor and intellectual honesty, as it does not provide evidence or data to support its claims. Overall, the noise level of the article is relatively low.
Financial Relevance: Yes
Financial Markets Impacted: Wall Street’s reservations about physical stores
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses online spending on Black Friday and Cyber Monday, which are important events for retailers and can impact financial markets. However, there is no mention of any extreme events or their impact.
www.marketwatch.com 
