HH A Spread Of Top-Ranked ETFs For Thanksgiving And After
We are just three days away from Thanksgiving Day, which kicks off holiday season. Americans join extended families and give thanks for the good things they have in life.
This year, the occasion must be merrier as savings on gas stations (thanks to still-cheap oil prices), an improving job market and a soaring equity market should lay a bountiful spread on the Thanksgiving table.
Thanksgiving Dinner Cheaper This Year
As per the American Farm Bureau Federation, the average cost of a Thanksgiving dinner for 10 people will come for around $49.87 this year, down 24 cents from the last year. On an inflation-adjusted basis, the cost of a Thanksgiving dinner dropped to “its lowest since 2010.” Prices for turkey, milk and pumpkin-pie mix witnessed a sharp fall.
Agreed, this deflationary food price trend hurt farmers, but should make the party merrier. The trend should last the entire holiday season. The National Retail Federation expects total holiday sales excluding autos, gas and restaurant to expand 3.6% to $655.8 billion, a little higher than the post-recession average of 3.4% since 2009.
Also, the International Council of Shopping Centers sees a 3.3% uptick in spending at physical stores against 2.2% gains in sales last year.
Retail Buying on Thanksgiving
Many retailers in fact start offering Black Friday sales from Thanksgiving evening itself. Retailers like Wal-Mart WMT, J.C. Penney JCP, Best Buy BBY, Macy’s M, Target TGT and Kohl’s KSS will open their doors to customers on Thanksgiving evening. As per National Retail Federation, about 59% of Americans are expected to shop this Thanksgiving weekend.
Probably people do have a fetish for Thanksgiving shopping as indicated by a 32% surge in online shopping from 2011 to 2012. As per an article published on Investopedia, online orders booked on Thanksgiving Day again jumped 32% from 2013 to 2014. There is a forecast of an 11% jump in e-commerce sales this holiday season.