Retail News & Headlines
October 23, 2020
Top stories in retail news and the business headlines that interest us today.
Santa Skipping Macy’s
Business Insider — Santa Claus won’t be coming to Macy’s stores this year, in a break from a more than century-old tradition
“Macy’s said Santa Claus won’t be greeting kids at its flagship New York store this year due to the coronavirus, interrupting a holiday tradition started nearly 160 years ago.
More than a quarter of a million people come to see Santa at Macy’s in New York each year, the company said, making it hard to create a safe environment during a pandemic. Before taking a picture with the jolly old man, crowds walk in tight quarters through a maze-like Santaland that’s filled with Christmas trees, running toy trains and elves in green costumes.”
Less Holiday Spending
“As holiday shoppers look for gifts, they plan to spend less overall and pull back on purchases for themselves, according to a survey by the National Retail Federation.”
The Shift to Online Shopping
“Amazon.com Inc.’s Prime Day sales event propelled consumers to spend billions more online this week, kicking off an end-of-year shopping season that is expected to be dominated by e-commerce shopping.”
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