DKS - Black Friday Foot Traffic Reveals Potential 2023 Holiday Shopping Retail Winners: 17 Stock Ideas | Benzinga
With U.S. stock markets closed on Thanksgiving Day and closing early on Black Friday, investors look to this week as one to digest the potential winners of the holiday shopping season and key Black Friday and Cyber Monday deal days.
Data showed shoppers were out in full force for Black Friday 2023, potentially benefitting several retail stocks going forward.
What Happened: E-commerce sales were expected to increase in 2023 as more shoppers head online to make the majority of their holiday shopping selections.
Despite the trend of online shopping, data from Placer.ai showed physical traffic was also strong for the Black Friday shopping day with traffic reports for many leading retailers.
Here's a look at the data.
Data from Placer.ai showed that visits to indoor malls were up 300% on Black Friday compared to the first three weeks of November and up 294% compared to the daily average in the first three quarters.
Here's a look at the increased visits to other specific types of stores.
Discount and Dollar Stores: +29.3% to first three weeks of November, +44.4% to daily average first three quarters
Superstores: +78.8% to first three weeks of November, +91.4% to daily average first three quarters
Department ...