Who Were the Winners of This Year’s Black Friday Weekend?
Analysts are making predictions about which retailers will come out on top this holiday season. Black Friday weekend provided a clue, as Walmart, Target, Best Buy, and Lululemon raked in sales. It seems to bode well for the rest of the holiday shopping season. Though there are six fewer days than last year between Thanksgiving and Christmas, early promotions and online shopping should make up for the difference.
While extended sales may crimp margins for many retailers, especially in the “softlines” (apparel, linens, etc.), according to Cowen analysts, there will still be some holiday winners.