Find in the news:
BY COUNTRY

U.S. retail holiday sales: winners and losers



H&M and major department stores were among the companies that lost customers in December.
SALE - unsplash

Traffic in consumer electronics, clothing, and furniture stores in the U.S. declined in the first week of December by an average of 5% compared to last year. 

Many retailers have already announced seasonal discounts to attract additional customer traffic. However, several major players faced a drop in traffic amid the country's falling purchasing power and rising inflation. 

Stores that lost customers

H&M and major department stores, including Kohl's and Best Buy, were among the companies that lost customers in December. Experts estimate that store traffic at these retailers may have declined by at least 15%. Amid rising prices for food, gasoline, and rent, shoppers are looking for a thrifty shopping experience.


Clothes on sale - unsplash

And the best-performing ones

Accessories and mid-priced handbag retailers are among the companies that will benefit this season, along with price hikes by Zara and Dollar General stores. In addition, demand is growing for cosmetics and perfumes in the lower price segments. As for the fixed-price discounters, their foot traffic continues to grow slowly and is even higher than pre-crisis 2019. 

U.S. retail sales increased

U.S. retail sales grew 7.6 percent from Nov. 1 to Dec. 24. According to Mastercard's research, consumers returned to stores during big discounts. However, experts were expecting a bit more and forecasted retailers' revenue growth of 7.1%.

But weaker than last year

Nevertheless, the dynamics were weaker than a year earlier, when sales rose by 8.5%. Analysts blame high inflation, rising lending rates, and the threat of recession.

Black Friday

What about e-commerce and physical stores?

By launching big discounts, retail giants like Amazon and Walmart increased customer demand for all major product groups between Thanksgiving and Cyber Monday.

However, the momentum was not equally pronounced in all market segments. For example, electronics sales fell 5.3 percent year-over-year. Clothing sales were up 4.4%. And Americans' spending at restaurants increased by more than 15%. As for online sales, there was a 10.6% increase, almost comparable to last year. 

More about shopping malls in the USA



YESTERDAY, USA:
The complex will have a total of 250,000 sq. feet and an IKEA store area of 70,000 sq. feet.
YESTERDAY, China:
Located in Chengdu, the capital of the Sichuan Province.
DAY BEFORE YESTERDAY, Spain:
So far, only online.
DAY BEFORE YESTERDAY, France:
The division will work with Bottega Veneta, Balenciaga and Alexander McQueen.
Feb 3, 2023, Japan:
The shopping space called Issey Miyake Ginza / 442 is located on Gasuto Street.
Feb 3, 2023, USA:
Apple's net income fell 13.4 percent to $30 billion in the fourth quarter of 2022.
Friend
and Follow
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us