Retail news that keeps industry pros in the know
Retail Brew delivers the latest retail industry news and insights surrounding marketing, DTC, and e-commerce to keep leaders and decision-makers up to date.
It’s Thanksgiving week, and Black Friday weekend is almost here. If you’re a retailer, you’ve been preparing for this moment for months. But if you have time for anything else these next few days, here is what else is happening in retail:
In earnings: There’s a good mix of earnings all dropping on Tuesday, with big box, discounters, and department stores all releasing Q3 results. On deck are Dick’s Sporting Goods and Best Buy, both of which had strong second quarters, though the latter signaled some concern about how the presidential election would impact consumer spending. Abercrombie & Fitch and Macy’s, meanwhile, had a tougher time in Q2, but Nordstrom expressed optimism about the second half of the year.
In live shopping: While we don’t have the space to list out every Black Friday deal dropping this week, celebrities such as Martha Stewart, Eva Mendes, and Jennifer Hudson are hosting live shopping events on Amazon Live’s FAST Channel, Facebook pages, and Instagram feeds.
In charity: In the lead-up to Giving Tuesday, there are plenty of opportunities to give back this week. The nonprofit Feeding America is working with a number of national partners this holiday season, including Amazon Fresh, which is donating $0.10 to Feeding America for every purchase of a select Amazon private label product.
In closures: A number of retailers are closing for Thanksgiving this year, including The Home Depot, Lowe’s, Best Buy, Costco, Aldi, and Five Below, to name a few, and many of them will be opening up bright and early on Black Friday.