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A dip in buying before a presidential election is normal as people are distracted, but spending usually bounces back afterward. Tamara Gaffney, principal analyst and director at Adobe Systems, an online research company, said that between Nov. 1 and Nov. 14 this year, retailers lost out on more than $800 million in online revenue, with the sharpest drop happening after the Nov. 8 election. States that voted Democratic have seen the biggest drops since the election, she said. Gaffney says shes waiting to see how the Thanksgiving weekend plays out and may have to revise the original holiday online sales growth forecast of 11 percent. We are in uncharted territory, said Gerald Storch, the CEO of Hudsons Bay Co., which operates department stores under that name, Lord & Taylor and Saks Fifth Avenue. We will know more as we get past Black Friday. The divide could play into the hands of retailers who customize goods to cater to increasingly fragmented tastes. While some people might drive an election boost, there are going to be others that will hold back, said Frank Badillo, director of research at consumer research group MacroSavvy LLC.
For the original version including any supplementary images or video, visit http://www.denverpost.com/2016/11/27/holiday-spending-may-hinge-on-how-you-voted/
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