Technology exchange traded funds may get a boost from digital sales, but this year technology may also be doing the shopping. Smartbook, Facebook, and Apple apps may turn out to be a shopper’s best friend.
“It’s no longer “Black Friday, it’s going to be Black Thanksgiving from here on out,” Marshal Cohen, chief industry analyst at the NPD Group said on LA Times. “Retailers recognize the importance of being convenient, and one of those conveniences is opening earlier so people don’t have to wait in line at 4 in the morning in the cold.”
Another convenience that retailers are banking on is online shopping. Retailers are overhauling their traditional holiday promotion strategies with digital tools that engage shoppers. According to National Retail Federation Data, consumers are using their phones, computers and tablets to retail shop, and studies fund they spend 22% more than in-store shoppers.[Relative Strength: Technology ETFs Lead Market Higher]
Technologies also make in-store shopping more fun, as retailers will push their discounts into your phone as soon as you walk in. Amazon’s Flow app will let consumers photograph an item, then the app locates it online, and the consumer can compare prices, read reviews, and of course, make a purchase.