KHD Buzz – Dollar Stores Thriving, Greeting Cards Sales Increase and More
Dollar and Discount Stores Thriving Amid the Pandemic
With Dollar Tree and Dollar General posting better than expected Q3 results and Five Below expected to do the same, it is becoming obvious to retail analysts that discount stores are thriving in the pandemic, as shoppers become more careful with their shopping dollars in an uncertain US economy. Read More.
Hallmark, Other Greeting Card Retailers See Increased Sales
Mainly thanks to the ease of sending greetings via social media, most people stopped sending greetings cards years ago. However, in 2020 Hallmark and other greeting card retailers are reporting an uptick in sales of holiday cards, perhaps due to a consumer shift in thinking and an attempt to make greeting more personal and meaningful this year. Read More.
‘Personalized Gifts’ is the No. 1 Search Term on Etsy Right Now
Related (perhaps) to the increase in greeting cards sales this season is the fact that, according to Etsy’s CEO the platform’s top seller – and top search term – is for ‘personalized gifts’. Read More
Amazon 3rd Party Sellers Scored Big Gains Over Black Friday Weekend
According to Amazon the platform’s third party sellers enjoyed a stellar Black Friday weekend, posting sales exceeding $4.8 billion over the three day period. Read More.