Activity on the New York market is now focused on fulfilling last-minute orders from retailers. Overall, though it has been quieter in December than it was in November. Companies are watching and waiting to see what volume of goods put into stores on memo are converted into actual sales.
Retail activity in the US in November was flat when compared to 2019 according to the National Retail Federation. However due to the timing of Cyber Monday, these figures were excluded from these statistics. Black Friday online sales were reportedly up 6% on 2018, creating a new record, whilst Cyber Monday online sales are believed to be up 19.7% from $7.9bn in 2018 to $9.4bn according to Adobe Analytics. However, visits to brick and mortar stores are understood
to be down 3% during Thanksgiving and Black Friday. Preliminary data by RetailNext showed net sales at brick and mortar stores fell 1.6% on Black Friday.
