More evidence of the strong U.S. economy during the Trump administration came over last weekend, as sales across the country on Saturday reached the highest level ever recorded.
Bloomberg reported, “Holiday shopping set records over the weekend, with Super Saturday sales reaching $34.4 billion, the biggest single day in U.S. retail history, according to Customer Growth Partners.” Craig Johnson, president of Customer Growth Partners, credited job growth and the abundance of disposable income for the record-setting day, adding, “Paced by the ‘Big Four’ mega-retailers — Walmart, Amazon, Costco and Target — Super Saturday was boosted by the best traffic our team has seen in years.”
Johnson noted that 58% of the increase in sales could be attributed to sales online. On Black Friday 2019, the day after Thanksgiving, the nation recorded $31.2 billion; on Saturday, December 14, the level reached $28.1 billion, and Cyber Monday, the Monday after Thanksgiving, the level of sales reached $19.1 billion.
Johnson said that less people visited malls over the weekend but the ones who did were more likely to actually purchase items rather than simply window-shopping. – READ MORE