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Business Wars Daily

This Holiday Season, Brands Turn to Virtual Stores

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 7 December 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

Today is Monday, December 7, and we’re looking at Ralph Lauren vs. Tommy Hilfiger.

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Transcript

Click on a timestamp to play from that location

0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

If you or someone you care about has cancer,

0:11.5

Macmillan Cancer Support's online community is here to help from day one.

0:16.1

Macmillan's free online forum provides a safe space to get support from both experts and others who've been

0:22.0

there. Members support each other anonymously, sharing what's helped them on a range of subjects,

0:27.5

from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

0:32.9

or talking with children about a diagnosis. There are different forums on cancer types or experiences,

0:39.0

opportunities to ask an expert, and blog posts.

0:42.0

Find support 24-7 from people who get what it's like to have cancer.

0:46.7

To join, search McMillan online community.

0:49.3

One, three. Wondry.

1:07.0

This is Business Wars Daily on this Monday, December 7th.

1:07.8

Happy Monday, everyone.

1:12.1

In yet another blow this year, the pandemic delivered a black eye to Black Friday.

1:21.1

With more than half of in-store shoppers choosing to stay home this year, one CNBC report called the sparsely populated parking lots and aisles, quote, bleak.

1:26.8

And it looks like brick-and-mortar shops can expect more of the same throughout the six-week holiday shopping season.

1:27.5

Traffic in stores is expected to be down by by about a quarter, according to retail research

1:31.9

firm's shopper track. But online sales are a different story. Black Friday 2020 was the third

1:38.0

largest online shopping day in U.S. history after Cyber Monday last year. And Cyber Monday

1:43.6

2020 beat both to become the top online shopping

1:46.6

day in history, raking in nearly $11 billion, up more than 15% over last year. And some

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