Majority of holiday weekend shoppers are expected to head to physical retailers and shopping center destinations with ambitions to spend more than they did in 2017. 83% of Thanksgiving weekend shoppers plan to buy in brick and mortar and spend approx. $555 worth of goods and services over the 4-day weekend. The retailers that have both a physical and online presence will be ones to drive the highest sales as consumers want options and will shop both in-store and online throughout the holiday season.
Retail landlords and physical retailers have a lot to be thankful for this holiday season. This is one of the peak times of the year for shopping center sales volume. This year will be especially strong due to the robust economy and healthy market leaving consumers with more discretionary income than in the past.
It all starts on Thanksgiving around 4 pm throughout the night to Black Friday and into the weekend with majority of the shopping buzz ending on Cyber Monday.
This is the best of year for Brick and Mortar! Be sure to go out there and support your local retailers and small businesses in your community! Enjoy the experience of shopping in physical stores whether at your neighborhood or community shopping centers, local strip centers or regional malls.