How Important Is The Holiday Season For US Retailers?
Conventional wisdom says that the weeks leading up to Christmas are the most important time of the year for retailers in the United States.
As Statista’s Felix Richter details below, according to the National Retail Federation, Americans are going to spend between $979 and $989 billion during November and December this year, with average spending for gifts and other holiday-related items expected to amount to $902 per consumer.
You will find more infographics at Statista
But how reliant are retailers on a successful holiday season? Can two months really make or break an entire year?
Well, it depends.
According to retail sales figures published by the U.S. Census Bureau, some types of retailers are more reliant on holiday season sales than others.
If retail sales were distributed evenly throughout the year, the holiday season, commonly defined as November and December, would account for 2/12 or 16.7 percent of the year’s total sales.
As our chart illustrates, most retailers’ holiday sales clock in way above that benchmark though.
Hobby, toy and game stores for example generated 26.2 percent of their annual sales in the last two months of 2023, which is not surprising considering that toys, games and hobby supplies are popular Christmas gifts.
Across all categories, the holiday season is not as important as one might think though. Last year, November and December accounted for 18.4 percent of total retail sales in the United States. There are even some retailers that don’t look forward to the holiday period as it delivers subpar results. Those include car dealerships, gas stations, office supply stores and building material and supplies dealers.
Tyler Durden Fri, 11/29/2024 – 05:45
Source: https://freedombunker.com/2024/11/29/how-important-is-the-holiday-season-for-us-retailers/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.