| Today's Top 3 Stories | | #1 | Black Friday Sales Are Brisk, Retailers Report, Bolstered by Online Traffic
| | | Parking lots at some shopping malls filled up around the country on Friday, as shoppers kept up the tradition of scouring stores for holiday deals even though some retailers had been open on Thanksgiving and even overnight. (New York Times)
Why This Is Important: Despite some media backlash over retail workers' rights, Black Friday crowds reinforced the origins of the "holiday," when retailers' ledgers traditionally turned from red to black.
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| | #2 | Shopping On A Phone Is Still Uncommon But Growing Fast
| | | E-commerce accounts for only 6 percent of total retail spending. But sales made on computers are growing much faster than sales in offline stores — and sales on mobile phones are growing faster still. (New York Times)
Why This Is Important: Last year, 21 percent of e-commerce sales on Black Friday were on phones, compared with 17 percent on Cyber Monday, when people were back at their desktop computers, according to comScore. That implies that people are shopping on phones at times that they previously might not have shopped at all.
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| | #3 | BestBuy Website Crashes on Black Friday
| | | Earlier, Nike.com said on Twitter that it was having some trouble processing orders. Last year, Walmart.com stumbled on Thanksgiving Day (Re/code)
Why This Is Important: Despite best efforts, retailers still need to invest more in digital operations. On the biggest day of the year, a website failure can cost a chain millions.
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"But sometimes it doesn't matter whether you're actually getting a good deal. What matters is that it feels like a deal. And the post-Thanksgiving shopping sprint, with its many sale stickers, gives most every shopper the chance to find something that feels like a bargain." -- Evan Horowitz, Boston Globe reporter
| | | Blog Post of The Day | The Season Of The Wrist
By Robin Raskin
More's the pity that we only have two wrists! There are more than 97,000 health applications available in the major app stores, according to a 2013 report by Research2Guidance. Many of these apps converse directly with wearable bracelets that store and record data about footsteps, heartbeat, stride, caloric intake, location and more. I lost count somewhere around 50 as I searched for the number of new wearable fitness devices hitting the market this season. More » |
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