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Welcome To The Newsroom-the Latest in Retail Industry Trends & News

Stay up to date with SRG Insights in the media. We've got it all right here from Burt Flickinger's guest appearances on radio and TV news shows to featured quotes in articles. 

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  • Writer's pictureStrategic Resource Group

Retail Forecast: Black Friday, Cyber Monday & Beyond

In a special Bloomberg Thanksgiving Day Worldwide Broadcast with John Tucker, Burt Flickinger discussed the retail outlook for Black Friday, Cyber Monday and beyond, including a projected market decline in mall and shopping center foot traffic as wage increases are consumed by inflation, dock & transport issues continue, and COVID-related concern about in-store shopping linger, especially among Millennials. Burt's alma mater, PricewaterhouseCoopers, reports only 43% will shop in stores on Black Friday, with the balance shopping online, 55% at fewer stores & 56% at independently owned & operated stores. Walmart predicts a flat to negative Black Friday weekend as more shop locally, from groceries to gifts. While consumers are resorting to bots to find out-of-stock toys, clothing is still the #1 holiday gift category, potentially eclipsed by gift cards because of out-of-stocks. Lowes, Tractor Supply and Home Depot are leading with same store sales increases as people buy for living, working and educating at home. Looking ahead to the New Year, Burt sees a record number of labor strikes and continued shortages, leading to higher prices.



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