RE: US sales30 Nov 2021 17:30
THIS IS BIG NEWS BELOW.... WE ALSO KNOW FULL PRICE SALES ARE BIG THIS YEAR AS DISCOUNT RATES ARE LOWER THIS YEAR.....
FUNDAMENTAL RE-RATE COMING SOON!!
However, report Bloomberg,
"U.S. online spending from Nov. 1 through Nov. 28 rose 13.6% from a year ago to $99.1 billion. The total for November and December combined is set to reach $207 billion, up 10% from last yearβs pandemic-fueled record, Adobe said."
It doesn't;matter which days the sales come in, the point is online sales are up 10% on last year's record figure.
Great news for online-only companies such as BooHoo.
Terrible news for Primark.