Sales will be paused while the relocation takes place over the next few months.
NRF: 137 Million Consumers Plan to Shop Thanksgiving Weekend
This is up from 135.8 million people last year, with Black Friday expected to be the busiest day of them all.
Washington--Now that the election is over, American shoppers are eager to begin their holiday shopping and see what deals retailers will offer during the upcoming weekend.
According to the annual survey released by the National Retail Federation and Prosper Insights & Analytics, 59 percent of Americans--an estimated 137.4 million people--are planning to or considering shopping during Thanksgiving weekend.
These numbers, covering Thanksgiving Day, Black Friday and Small Business Saturday as well as Sunday, include both in-store and online shopping. This also marks an increase from the 58.7 percent, or 135.8 million people, last year.
The survey found that 21 percent of weekend shoppers plan to shop on Thanksgiving Day, which is a slight decrease from last year’s 22 percent, but Black Friday will remain the busiest day of the holiday weekend with 74 percent planning to shop that day--the same as in 2015.
Meanwhile, 47 percent are expected to shop on Saturday; of these, 24 percent indicate they will do it to support Small Business Saturday, which is up from 22 percent in 2015. Twenty-four percent expect to shop on Sunday.
Younger shoppers said they would shop the weekend in higher numbers than overall consumers. According to the survey, 77 percent of 18- to 24-year-olds and 76 percent of 25- to 34-year-olds plan to shop over the weekend. As with shoppers overall, Black Friday is the day most millennial weekend shoppers plan to shop--86 percent of 18- to 24-year-olds and 78 percent of those between 25 and 34.
While not included in the 137.4 million total planning to shop during the Thanksgiving weekend, 36 percent of consumers say they plan to shop online on Cyber Monday, up from the 34 percent in 2015.
“Millennials continue to drive the trend of hitting the stores--both on their feet and online--as soon as the turkey is finished,” Prosper Principal Analyst Pam Goodfellow said. “Whether they’re hoping to find gifts for themselves or for the folks on their lists, they will do their research to find the best deals of the weekend and have allotted a large part of their holiday budget for Black Friday, Small Business Saturday and Cyber Monday spending.”
The NRF also released numbers earlier this week indicating that 56 percent of shoppers have already started buying holiday gifts, the second-highest level in the history of the survey and down slightly from the record 57 percent at the same time last year.
The Latest
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.