![]() ![]() “The pandemic will leave us with a lot of new traditions but it’s not going to wipe away all of the prior,” he said. Siegel is among analysts who view 2020 as an outlier, anticipating that shoppers will return to stores once they feel it is safe to do so. ![]() While the results of this year have prompted some experts to portend the death of Black Friday, Mr. “This is a trend we’re expected to see at this Covid Christmas,” Mr. While the number of shoppers visiting just about every store on Black Friday was down markedly from previous years, those who did venture out were not there to window-shop.Ĭraig Johnson, president of Customer Growth Partners, a retail research firm, said retailers experienced higher “conversion” rates, meaning more shoppers in the stores actually made purchases than in previous years. Matthew Bilunas, chief financial officer at Best Buy, said that “it’s really difficult to predict exactly how much was pulled into” the third quarter. Black Friday was already stretched into early November, it just happened to make it into October as well.”ĭuring earnings calls in November, several retail executives said they were uncertain about how much holiday shopping had actually been done in October and early November. “It’s been a long time since Black Friday was simply three hours in the morning on Friday. “The ability to pull the holiday forward may linger with us,” said Simeon Siegel, a retail analyst at BMO Capital Markets. New Drug’s Long Odds: A promising new treatment quashes all Covid variants, but regulatory hurdles and a lack of funding make it unlikely to reach the United States market anytime soon. ![]()
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