Monday, December 3, 2018

We could see a record breaking sales this year 2018

Online Shopping is gaining in popularity due to ease and being able to buy products from the comfort of your home.

"Clearly it is surprising how over the course of a near decade, especially over the last five years, how amazingly and egregiously things have moved to the web. It is astonishing how much is being done on the net, and how much less being done in brick-and-mortar stores. I am stunned by that fact.”

"I’m in awe of what’s happening, but what’s the net effect on the economy? Probably not that much. It’s just a transfer of the money from one thing to another, so there isn’t any real impact of this. It’s simply a movement from brick-and-mortar stores to the web. It’s going to continue that way for many years.”



This year could be a Record Breaking year in terms of sales.

“It would be illogical for it not to be a record-breaking year. One, the economy is doing better. Two, the population is larger. Three, incomes are up. It would be stunning for it not to be a record-breaking year. Record sales should not shock us. The only time you aren’t going to get record sales was like in 2008, when the economy was in an egregious recession. Clearly, we are not in a recession right now, but we will eventually be in a recession. When that happens, retail sales will tumble. The economy is doing quite well. Record sales should not surprise anybody.”



2018 VS 2019 Sales

“I get a little concerned because my job as an economist is to forecast where things will be in a year from now, and I can’t imagine they will be much better,” he said. “It will probably be slightly worse from now. In fact, next Christmas I think sales will be non-record. But now, it’s tightening, but not tightening aggressively, so it would be illogical to assume sales will be anything but record now.”


via wraltechwire