How's Your Week Going So Far?

It's been a big week so far...

According to the National Retail Federation, 226 million shoppers spent $52.5 billion on Black Friday, an average of $398 per person. This is up 14 million shoppers, $7.5 billion overall, and $33 per shopper compared to last year. The stock market has been feeling optimistic all week.

From Flickr user storebukkebruse.

So far, the word on Cyber Monday is positive, too, with Multichannel Merchant reporting a 33% increase in sales over 2010 numbers. Average order value was also up - about $5 over last year to $198.  See this article for other important points - like the mobile device/tablet factor, and the effect of social media on shopping.

So, is it time to celebrate yet?

Sure, but you're not done yet, unless you're 100% sold out of merchandise and you've surpassed all of your annual goals. Sometimes early good news means bad news later - we won't really know how the 2011 holiday season is really doing until the after-Christmas sales are over.

Still, this seems like an auspicious beginning to me - customers are feeling more optimistic than last year,  merchants are offering lots of deals and options, and people may have a bit more cash for gifts, having paid down record amounts of consumer debt over the past few years.

What's next?

Keep going - your customers are still looking for gift ideas, new packages, and great deals. Shopping may slacken a bit later this week, but it will swell again the week of December 11th as shipping deadlines loom with major retailers. Make sure you're staying in touch with customers who've bought once - if they've had a good experience buying Mom's gift from you, they may come back things to give Dad, Sis, or Aunt May.

How's your week going? Drop me a line and let me know.

Get Your Holiday Sales On

From Flickr user Christina Rutz.

So we're about halfway through October, and it's time to put the final touches on your holiday sales planning. For most retailers, the winter holidays are the busiest time of year. This is when everyone's buying, and everyone's expecting a deal.

In fact, the National Retail Federation forecasts a better holiday season this year, with sales up 2.8% to $465.6 billion. Of course you want your share, so here's what to consider while you're finalizing your plans:


Do you have all the decor you need?

You should have approved designs and ordered everything a couple of months ago. Everything should be arriving now. Give it a thorough inspection and call your purveyors if anything is out of order. If all looks good, get it out to your stores with their new plan-o-grams, which they should implement right after Halloween.

What's your online plan?

While you were ordering your holiday decor, you were also approving designs for your web site to match. It's always a good idea to be a little more festive at this time of year - substitute some warm wintry graphics and put holiday sellers forward and move non-seasonal items back. Of course, the holiday promotions you've planned should go front and center.

What's your email plan?

Now that your stores and web site are updated, you can work on your holiday themed emails. These should be highlighting your deals and special sales events - Black Friday, Cyber Monday, and one or two more before the end of December. Consider a Hanukkah event, a last-minute event, and a deadline-oriented event - "last day to get free shipping" or "last day for 10% of orders of $80 or more..." kinds of things.

Are you staffed?

I hope you've already hired everyone that you need to start November 1. This includes warehouse staff, call center folks, and regular retail personnel. If not, help this year's lackluster job market by hiring people now. There are plenty of talented, motivated people out there who'd love a chance to build your business while they build a career.

I hope you're ready for a strong holiday season this year. Need help? Drop me a line and let's get our sale on.