With Black Friday approaching in the United States, some of the country's major retailers are starting to prepare for the busy holiday season. And with the notorious shopping day regarded by many as busiest day for most stores, Black Friday and the more recent trend for "Cyber Monday" deals are both indicators for retail stock performance in the coming weeks leading up to Christmas.
As customers flock stores in the middle of the night to grab the best deals, many retailers have different strategies to attract business and keep loyal customers throughout the holiday season. Target
For other retailers, the biggest markdowns come on electronics where customers can find tablets, computers, televisions, and gaming consoles for up to half off. As a retailer dedicated to electronics, Best Buy
After a whirlwind Black Friday, the focus turns to online sales as both digital retailers like Amazon as well as competitors Target and Wal-Mart
Despite such an emphasis on Black Friday and Cyber Monday sales, it is still unclear whether strong performances by retailers is indicative of long-term stock performance. Rather, many investors use strong or weak sales on this massive shopping weekend as an indicator for holiday season retail stock performance. Should the major retailers perform better than expected, investors gear up for a busy holiday season and strong stock performance in Q4. On the other hand, should any store disappoint, it could be indicative of lower-than-average consumer spending this holiday season.
Whatever the outcome for stock performance, Black Friday and Cyber Monday are great ways for consumers to chase major savings while making big purchases for the holiday season. And with more deals being unveiled by retailers in the coming weeks, customer interest is sure to pique, resulting in another record-breaking Black Friday weekend for retailers both in-store and online.