IBISWorld Forecasts Stronger Retail Spending for Thanksgiving, Black Friday, and Cyber Monday

According to IBISWorld’s annual Thanksgiving, Black Friday, and Cyber Monday spending forecast, retail spending should receive a boost during the upcoming holiday shopping period, thanks to a stronger U.S. economy, higher e-commerce sales, and earlier store openings on Thanksgiving.

Total spending over this year’s Black Friday weekend is forecast to rise 1.8 percent to $36.7 billion. The biggest contributor to holiday spending growth will be online sales, as Cyber Monday revenue growth reaches double digits for the fifth consecutive year.

Americans will spend an estimated $8.4 billion this year on Thanksgiving food and drinks, gifts, and decorations, reflecting a 1.7 percent increase from last year. About two-thirds of households’ Thanksgiving budgets will be spent on food and drinks for family gatherings and festivities.

The price of a typical Thanksgiving dinner is expected to increase 1.5 percent to $5.7 billion. The average household will spend $46.38 on Thanksgiving dinner, with turkey consisting of roughly 43 percent of the meal’s total cost.

Spending during Black Friday weekend is anticipated to grow 1.8 percent, to a total of $36.7 billion. This year, Black Friday is projected to generate $13.1 billion in revenue, an increase of 1.6 percent over last year’s total.

Cyber Monday sales are again anticipated to record double-digit growth of 15.0 percent, as more than half of all consumers are expected to do some holiday shopping online.

Toys “R” Us Announces Thanksgiving Weekend Doorbusters, Special Deals for Rewards “R” Us Members

toysrusOn Thanksgiving weekend, Toys “R” Us will offer more than $8,000 in potential toy savings to holiday shoppers. Toys “R” Us stores nationwide will open at 5 p.m. on November 27, and from 5 p.m. to 9 p.m., 4-hour doorbuster deals will include discounts on Disney Infinity Starter Packs and figures; Skylanders Trap Team Starter Packs, figures, and Traps; the V-Tech InnoTab 3S Connect; Frozen Jumbo Olaf Plush, from Just Play; and more.

Meanwhile, selected deals available on November 28 from 7 a.m. through November 29, as well as online at toysrus.com, include buy one, get one for 40 percent off on Disney Infinity and Skylanders Trap Team items, certain Disney Frozen toys, and more.

Toys “R” Us will also provide exclusive, early access to Black Friday deals on more than 100 items, both in-store and online, to Rewards “R” Us members beginning November 23. Not only can Rewards “R” Us members accumulate points on their purchases, those points can be applied to Toys “R” Us shopping into the new year.

In addition, throughout November and December, “R”Us credit cardholders are eligible to receive discounts off Toys “R” Us purchases when using their “R”Us credit card in-store on Thursdays, including Thanksgiving. Through December 20, existing cardholders can also save 10 percent every Saturday when they use their “R”Us credit card in-store.

Finally, the majority of Toys “R” Us Thanksgiving Weekend deals will be available starting on November 26 at 10 p.m. ET at toysrus.com/blackfriday.

Barnes & Noble Kicks Off Holiday Shopping Season with Discovery Weekend

Barnes & Noble will host a Discovery Weekend, a three-day event to kick off the holiday shopping season, to launch in all stores nationwide from November 21 through November 23. The event will build on the company’s first-ever Discovery Friday last year, and the expanded program will begin one week before Black Friday. The weekend will feature family-friendly events, interactive activities, Storytime events, and book signings and appearances by more than 100 bestselling authors and personalities like Red Hot Chili Peppers front man Anthony Kiedis, Bill Nye “The Science Guy,” and actress Evangeline Lilly.

Throughout the weekend, customers will receive promotions, special discounts, and Nook offers. For the first time, Barnes & Noble will provide customized gift ideas to holiday shoppers on Twitter using the hashtag #BNGiftTip through December 23.

Events taking place at Barnes & Noble stores across the country include a Linkee Trivia Tournament on November 21; transforming a book or card using the ArtFolds technique; learning how to draw like Mo Willems, puppet-making and holiday sing-along, and a Fluxx game night on November 22; and storytime, crafts, and activities on November 23.

Barnes & Noble will also be hosting giveaways during Discovery Weekend. Customers can visit the Nook counter to demonstrate the Samsung Galaxy Tab 4 Nook. Guests will be able to enter to win a trip for two to New York City and a $1,000 Barnes & Noble Gift Card to meet, greet, and shop with Nick Jonas. Also, shoppers will be encouraged to wear their Most Outrageous Holiday Sweaters to wear at local Barnes & Noble Stores. If shoppers post a photo of their outfit on Facebook, Twitter, or Instagram with the hashtag #BNSweaterContest, they will enter to win one of three grand prizes.

Target’s Holiday Deals Include Toy Discounts Throughout November

Target LogoTarget has extended its Black Friday prices throughout the month of November, with sales culminating on Black Friday weekend.

Throughout the month, Cartwheel—Target’s mobile savings app—is offering 50 percent off a different toy every day. Additionally, from November 23 to 29, Cartwheel will feature more than 100 exclusive deals, including 60 percent off select movie titles and 30 percent off select board games.

On Wednesday, November 26, Target stores and target.com will offer a handful of pre-Black Friday savings to guests. The deals will be available for preview in the store’s weekly ad on November 23.

For guests who want to shop early, Black Friday deals will be available on target.com on Thanksgiving morning. Target stores will then open for Black Friday shoppers at 6 p.m. that night.

The first several hundred guests waiting in line at Target stores across the nation on Thanksgiving evening will receive a Christmas cracker, which will include a Target gift card or coupon. Top Black Friday deals will include: Buy one, get one 50 percent off toys from select top brands, 40 percent off select Lego sets, sales on various game consoles, and more. [Read more...]

Toys “R” Us Offers Holiday Changes to Aid Shoppers

sq-black-friday-made-easyA number of Toys “R” Us stores nationwide will open at 5 p.m. on November 27 for Black Friday sales. Stores will remain open through 11 p.m. on November 28, offering doorbusters and deals on the season’s most sought-after playthings.

Beginning Thanksgiving weekend and continuing through Christmas Eve, Toys “R” Us will introduce a range of in-store and digital services designed to make holiday toy shopping less stressful. Services will include the implementation of Toys “R” Us G.P.S. (Guru for Play Stuff) store specialists, new aisle signage, digital store-specific maps, daily toy shipments, and a dedicated Express Lane at checkout.

G.P.S.’s will offer busy holiday shoppers advice on hot toys, deals, time-saving services, and incentive programs. They will be located at the front of stores beginning on Thanksgiving, and during peak traffic periods on Fridays, Saturdays, and Sundays for the remainder of the holiday season. [Read more...]

Wal-Mart’s Initial Holiday Offerings Include Discounts on Disney Frozen, Teenage Mutant Ninja Turtles, and More

logo-walmartFor its first round of holiday promotions, Wal-Mart has expanded its digital shelves to include 7 million items, which is one million more than last holiday season. Shortly after midnight PT on November 3, deals typically reserved for Black Friday and Cyber Monday will start on walmart.com, and will include discounts on toys and games, such as the Barbie Dreamhouse and Nintendo 2DS.

The retailer will also offer hundreds of weekly online specials on items that include toys and electronics, with same-day pickup at Wal-Mart stores available while supplies last at no additional charge, and free shipping to customers’ homes available for orders totaling $50 or more.

Wal-Mart has rolled out a new feature within its mobile app: Search My Store, through which customers can search for nearly any item carried in a Wal-Mart store and see that item’s availability, its aisle location, ratings, and reviews. Search My Store is available on Android devices and will expand to iPhones by mid-November. [Read more...]

NPD Group: Cyber Monday Week Toy Sales Are Strong, Up from Last Year

npd_group_logoRetail dollar sales for the toy category were up 23 percent for the Cyber Monday week compared to the same period last year. For the combined Black Friday and Cyber Monday weeks, The NPD Group reports that toy sales were up 12 percent on a dollar basis compared to the previous year. These sales trends include both online and brick and mortar channels.

The NPD Group noted that all 11 super categories it tracks in the toy sector experienced positive dollar sales growth during the period covering Black Friday and Cyber Monday weeks. Those with the highest growth—and their respective change in dollar sales compared with Black Friday and Cyber Monday weeks last year—include plush at 34 percent, youth electronics at 32 percent, arts and crafts at 26 percent, and outdoor and sports at 18 percent. These results reflect brick and mortar and online sales combined.

Target Kicks Off Cyber Week with Deals and Digital Savings

Target LogoTarget’s Cyber Week event will kick off Sunday, December 1, where more than 100,000 items will be on sale throughout the week, including category-wide deals on toys. Deals include:

  • On Cyber Monday (December 2), thousands of toys at buy one, get one 30 percent off plus free shipping
  • Buy one, get one 30 percent off Monster High and Transformers licensed toys during Cyber Week (December 1 to 7)

Target is also extending free shipping on more than 300 toys throughout the holiday season, and by using a REDcard credit or debit card, guests will receive 5 percent off purchases and free shipping at target.com.

COMMENTARY: Will Black Friday Need to Be Rebranded?

by David E. Johnson, CEO of Strategic Vision, LLC

The Christmas holidays and toys are synonymous. Indeed, toys and the Christmas season are a tradition. Another holiday tradition is Black Friday, the traditional start of the holiday shopping season. Yet over the past several years, Black Friday has started to lose its meaning with retailers pushing opening hours ever earlier. Now many retailers are opening on Thanksgiving Day, and pushing the envelope to see how early they can open on that holiday. This is an attempt in some aspects to rebrand the holiday shopping season and establish Thanksgiving Day as the start of the traditional shopping season. Retailers are stating that they are responding to consumer demand; yet surveys show that 87 percent of Americans are opposed to retailers being open on Thanksgiving Day (even though they frequent the stores).

So what would be a smart strategy for the toy industry as this happens? Should toy stores open on Thanksgiving? Should toymakers make a strong push for Thanksgiving Day sales? Is Black Friday over and should everyone jump on the Thanksgiving Day bandwagon? The answer to these questions is a resounding no. [Read more...]

Walmart Matches Competitors’ Black Friday Deals One Week Early

logo-walmartHoliday shoppers don’t have to wait until Black Friday to start shopping for deals at Walmart. At of 8 a.m. on November 22, Walmart has started a pre-Black Friday savings event in stores and online, lowering the prices on popular toys and electronics, to match select Black Friday offers from Target, Toys “R” Us, and Best Buy one week early.

The retailer also extends its Christmas Ad Match to walmart.com customers. Customers who purchase an item on walmart.com, and find a lower price in a local competitor, can email christmasadmatch@walmart.com and receive the difference on a gift card. The same policy is in place for customers at Walmart stores for items purchased November 1 through December 24, excluding Thanksgiving Day and Black Friday.

Examples of toys and electronics that are part of Walmart’s pre-Black Friday saving event, while supplies last, include LeapPad 2, Little Tikes Cozy Coupe, Nerf Rebelle Crossbow, Monopoly Board Game, Hot Wheels Single Car, Skylanders and Disney Infinity Starter Packs, and select PS4 and Xbox One video games such as Call of Duty: Ghosts, NBA 2K14 and Battlefield 4. [Read more...]