Friday Charts: Black Friday's Coming Irrelevance
Wall Street Daily | Nov 23, 2012 08:25AM ET
Per our regular routine, we’re ditching the longwinded analysis. And instead, we’re featuring a handful of charts to reveal some important economic and investing insights.
You can thank American journalist, Arthur Brisbane, for the change of pace. As he said in 1911, Use a picture. It’s worth a thousand words. And we couldn’t agree more, which is why we devote one day each week to pretty pictures.
Since today also happens to be Black Friday, the most epic shopping day in the world, guess what we’ll be focusing on? You got it, retail sales.
Let’s get to it…
From Brick-And-Mortar To Click-And-Order
Mark my words. A few decades from now, Black Friday will be nothing more than a footnote in the history books. Why? Well, consumers keep opting to click and order, instead of making their purchases at traditional brick-and-mortar stores.
Propelled by the internet craze of the 1990s -- not an Al Gore endorsement -- online sales keep surging. They now account for 9% of total U.S. retail spending.
They’re headed higher, too. Much higher.
In the here and now, Doug Anmuth, an analyst at JP Morgan (Original post
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