The Clap
Black Friday shoppers looking for deals have Walmart (NYSE: WMT) as their go-to chain to search.
What
Searches on the retail giant surged more than 386% YoY on Black Friday, ranking first among rival retail companies Amazon (NASDAQ: AMZN), Target (NYSE: TGT), and Kohl’s (NYSE: KSS).
Big retailers are all trying to attract shoppers with mega deals and discounts in the post-pandemic holiday season.
So What
Retailer sales are expected to rise between 6%-8% YoY on average during the holiday season.
Now What
Early signs indicate that consumers may not be as conservative as initially expected as sales had already grown by 2.9% YoY on Thanksgiving.
