Big Box Stores Set Record High in Last DS Index Report of 2018
December brought on another solid month of growth for the Dealerscope CE Retail Confidence Index (DS Index). Retailers in this month’s survey checked in with a confidence score of 203.58, up just shy of 5 points month-over-month, and more than 4 points higher year-over-year. This also marks the second time that the DS Index has broken the 200-point threshold this year, the first time retailers have done that in a single calendar year in the survey’s history.
The latest DS Index report and strong growth for the retail industry’s confidence level comes on the tails of what was a stronger-than-expected Black Friday holiday shopping weekend. Retailers saw tremendous spending all weekend long, and particularly in the ecommerce arena, with consumers dropping an estimated $24.2 billion in online sales over the weekend—including $7.9 billion on Cyber Monday alone, a single-day U.S. online sales record.
According to the National Retail Federation’s research, foot traffic and total average spend per customer was down slightly year-over-year. But the retail group said it was very confident that the season would still set retail records, due to the amount of consumers who reported that they still had a majority of their holiday shopping to do, even after the Black Friday weekend.