By Shelby Moquin firstname.lastname@example.org
Holiday Retail has grown immensely in the past couple of years, a large amount of coming from the online market. People have stopped going to stores to by gifts and instead are ordering them online. In 2017 the Holiday Retail sales was $680.4 Billion (U.S Currency). The number is projected to be larger for 2018.
(Image via BusinessInsider)
The holidays are nipping at our heels, and the shopping market is expected to explode. According to Everyday Money, an online news outlet, says this Christmas will be the hottest toy season yet. Predicted toys for the younger ones, Hatchimals and the Harry Potter Hogwarts Battle board game and expected to be big sellers. In the tech department, the new Google Pixel and Apple watches are already big sellers and are expecting to grow. And for adults, Google Home’s, Amazon Prime’s Alexa devices, and Kindle Fires.
Online retailers are expected to make a 31% increase in sales from last year. eBay, Amazon, and even brand-name stores such as Target and Walmart are also seeing improvements. With these said improvements, most stores are expanding online to widen sales and customer outreach.
Local economies are also suffering from the online market. Smaller stores with no online platform are losing sales because people are not wanting to travel from the safety of their homes into the stores. Instead consumers are turning to online realtors to get all their gifts. Amazon even allows you to send gifts to other people's houses. The Black Friday deals are already beginning too. Target and Walmart are taking the market by storm by including deals that discount electronics and kids toys. Leading customers to stock up on presents and gifts earlier than usual.
Happy Holiday Season from The Anchor staff!