- Many retailers are hoping that this year's Black Friday/holiday promotions will help them back into the black.
- Currently, many retailers are promoting new item-level markdowns, to give shoppers first dibs on merchandise they've had their eyes on.
- What's surprising is the amount of discounting among luxury retailers during the 2020 pandemic - the highest levels seen since 2016.
- The Refinitiv SSS index is expected to see a 6.4% gain in Q4 2020 (Exhibit 8). A 3.0% SSS reflects healthy consumer spending.
For further details see:
U.S. Retailers Set Promotions For An Unusual Black Friday