Black Friday Lured Shoppers Back, in Early Test for Holiday Spending
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Black Friday Lured Shoppers Back, in Early Test for Holiday Spending

Stores on average welcomed more consumers compared with last year, industry data show

By SARAH NASSAUER
Mon, Nov 28, 2022 9:02amGrey Clock 3 min

Americans returned to their pre pandemic habits on Black Friday as they spent more time and money in stores than last year, but some data show they were also cautious with spending as inflation weighs on their pocketbooks.

The boost in store traffic over Black Friday comes after a surge last year from 2020, the first year of the Covid-19 pandemic when many shoppers favoured buying online. Shoppers still bought items online this year, but many browsed in stores, revelling in a holiday tradition, according to early data. Some consultants and industry groups have predicted slower sales growth for the overall holiday season compared with last year.

Shoppers who held off on purchases are betting on even better deals in the days leading up to Christmas, which falls on a Sunday this year, according to shoppers and retail executives. High gasoline and grocery prices are also weighing on many households.

Chloe Gonzales woke up at 4 a.m. in Austin, Texas, to do some Christmas shopping and look for winter clothes on Black Friday. “People are less fearful about going out now,” Ms. Gonzales said. “They’re not as worried about Covid.”

Ms. Gonzales said she has found good deals this year, but added that she is spending a little more money compared with last year. This time, she found a leather jacket for 50% off. “I like the thrill of going out shopping and finding a good deal,” Ms. Gonzales said.

Store traffic rose 7% this Black Friday compared with last, said RetailNext, a firm that tracks shopper counts in thousands of stores with cameras and sensors. In-store sales rose 0.1%, and the average shopper spent less per visit than last year, according to the firm. Sensormatic Solutions, another firm that analyses store traffic, said Black Friday traffic rose 2.9% compared with 2021.

Black Friday had been losing importance before the pandemic hit as shoppers spread out holiday shopping, grabbing earlier deals or buying more online. This year is “a bit of a return to normalcy,” said Brian Field, global head of retail consulting for Sensormatic.

Sales on Black Friday rose 12% from last year, according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. The report excludes auto sales and isn’t adjusted for inflation, meaning that it could reflect people paying higher prices for goods than they did in 2021.

Consumers were deal-driven, said Steve Sadove, senior adviser for Mastercard and former chief executive of department-store chain Saks Inc. “Apparel, electronics and restaurants were strong-performing sectors as consumers turned holiday shopping into a full-day experience,” he said.

This holiday many retailers entered the season, which they often rely on for a significant percentage of their annual sales, with too much inventory. To clear those goods, a slew of retailers are offering heavy discounts, a move that can eat into their profits.

Consumers are also feeling less bullish about their economic prospects. Last week the University of Michigan released its November consumer-sentiment index, which fell 5.2% compared with October and is down 16% compared with November 2021.

Amid persistent inflation, retailers including Walmart Inc. and Target Corp. said shoppers were spending less on discretionary items heading into the holidays. Some chains including Macy’s Inc., Kohl’s Corp. and Target said sales slowed in October and early November. Some executives expect shoppers to delay holiday purchases until closer to Christmas.

It has been “kind of a lukewarm Black Friday,” said David Bassuk, global co-leader of the retail practice at AlixPartners, a consulting firm. “It’s more of an experience than it is a purchasing moment,” he added.

Retailers are playing a game of chicken with shoppers looking for deals, Mr. Bassuk said. For a retailer, leaving the holiday season without moving enough inventory is a disaster, he said. “That’s why the discounts get deeper every week,” Mr. Bassuk said.

Online sales on Black Friday rose 2.3% to $9.12 billion from last year, according to Adobe Analytics, which tracks spending on websites. On Thanksgiving people spent $5.3 billion online, up 2.9% from the holiday last year, according to Adobe.

For many shoppers, Black Friday shopping is a family pastime, regardless of how much is spent.

Lazaro Allen, an artist living in New York City, visited a Best Buy Co. store in nearby Mount Vernon, N.Y., in search of a 65-inch television. He planned to head to Macy’s next to buy gifts.

“There are so many TVs here,” he said, looking down the aisles. He said inflation hasn’t taken a significant toll on his finances, and he went to stores on Friday more out of tradition than because he expected major deals.

This month, the National Retail Federation predicted sales would rise between 6% and 8% to between $942.6 billion and $960.4 billion from Nov. 1 through Dec. 31. The figures exclude spending at car dealers, gasoline stations and restaurants and aren’t adjusted for inflation.

Lauren Pote, a 47-year-old clinical psychologist, said she is being more selective in what she is buying this year, because everything costs more. “It may take me a bit longer to buy gifts this year, because I’m really hunting for the sales,” said Ms. Pote, who was shopping with her family on Friday at the SoNo Collection Mall in Norwalk, Conn.

She bought a sweatshirt for her son from Hollister that was 40% off. “I don’t typically shop on Black Friday,” Ms. Pote said, “but it was raining and we wanted to get out of the house.”

—Suzanne Kapner, Adolfo Flores and Sharon Terlep contributed to this article.



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The Longevity Vacation: Poolside Lounging With an IV Drip

The latest trend in wellness travel is somewhere between a spa trip and a doctor’s appointment

By ALEX JANIN
Tue, Apr 16, 2024 4 min

For some vacationers, the ideal getaway involves $1,200 ozone therapy or an $1,800 early-detection cancer test.

Call it the longevity vacation. People who are fixated on optimising their personal health are pursuing travel activities that they hope will help them stay healthier for longer. It is part of a broader interest in longevity that often extends beyond traditional medicine . These costly trips and treatments are rising in popularity as money pours into the global wellness travel market.

At high-end resorts, guests can now find biological age testing, poolside vitamin IV drips, and stem-cell therapy. Prices can range from hundreds of dollars for shots and drips to tens of thousands for more invasive procedures, which go well beyond standard wellness offerings like yoga, massages or facials.

Some longevity-inspired trips focus on treatments, while others focus more on social and lifestyle changes. This includes programs that promise to teach travellers the secrets of centenarians .

Mark Blaskovich, 66 years old, spent $4,500 on a five-night trip last year centred on lessons from the world’s “Blue Zones,” places including Sardinia, Italy, and Okinawa, Japan, where a high number of people live for at least 100 years. Blaskovich says he wanted to get on a healthier path as he started to feel the effects of ageing.

He chose a retreat at Modern Elder Academy in Mexico, where he attended workshops detailing the power of supportive relationships, embracing a plant-based diet and incorporating natural movement into his daily life.

“I’ve been interested in longevity and trying to figure out how to live longer and live healthier,” says Blaskovich.

Vitamins and ozone

When Christy Menzies noticed nurses behind a curtained-off area at the Four Seasons Resort Maui in Hawaii on a family vacation in 2022, she assumed it might be Covid-19 testing. They were actually injecting guests with vitamin B12.

Menzies, 40, who runs a travel agency, escaped to the longevity clinic between trips to the beach, pool and kids’ club, where she reclined in a leather chair, and received a 30-minute vitamin IV infusion.

“You’re making investments in your wellness, your health, your body,” says Menzies, who adds that she felt more energised afterward.

The resort has been expanding its offerings since opening a longevity centre in 2021. A multi-day treatment package including ozone therapy, stem-cell therapy and a “fountain of youth” infusion, costs $44,000. Roughly half a dozen guests have shelled out for that package since it made its debut last year, according to Pat Makozak, the resort’s senior spa director. Guests can also opt for an early-detection cancer blood test for $1,800.

The ozone therapy, which involves withdrawing blood, dissolving ozone gas into it, and reintroducing it into the body through an IV, is particularly popular, says Makozak. The procedure is typically administered by a registered nurse, takes upward of an hour and costs $1,200.

Longevity vacationers are helping to fuel the global wellness tourism market, which is expected to surpass $1 trillion in 2024, up from $439 billion in 2012, according to the nonprofit Global Wellness Institute. About 13% of U.S. travellers took part in spa or wellness activities while traveling in the past 12 months, according to a 2023 survey from market-research group Phocuswright.

Canyon Ranch, which has multiple wellness resorts across the country, earlier this year introduced a five-night “Longevity Life” program, starting at $6,750, that includes health-span coaching, bone-density scans and longevity-focused sessions on spirituality and nutrition.

The idea is that people will return for an evaluation regularly to monitor progress, says Mark Kovacs, the vice president of health and performance.

What doctors say

Doctors preach caution, noting many of these treatments are unlikely to have been approved by the Food and Drug Administration, producing a placebo effect at best and carrying the potential for harm at worst. Procedures that involve puncturing the skin, such as ozone therapy or an IV drip, risk possible infection, contamination and drug interactions.

“Right now there isn’t a single proven treatment that would prolong the life of someone who’s already healthy,” says Dr. Mark Loafman, a family-medicine doctor in Chicago. “If it sounds too good to be true, it probably is.”

Some studies on certain noninvasive wellness treatments, like saunas or cold plunges do suggest they may help people feel less stressed, or provide some temporary pain relief or sleep improvement.

Linda True, a policy analyst in San Francisco, spent a day at RAKxa, a wellness retreat on a visit to family in Thailand in February. True, 46, declined the more medical-sounding offerings, like an IV drip, and opted for a traditional style of Thai massage that involved fire and is touted as a “detoxification therapy.”

“People want to spend money on things that they feel might be doing good,” says Dr. Tamsin Lewis, medical adviser at RoseBar Longevity at Six Senses Ibiza, a longevity club that opened last year, whose menu includes offerings such as cryotherapy, infrared sauna and a “Longevity Boost” IV.

RoseBar says there is good evidence that reducing stress contributes to longevity, and Lewis says she doesn’t offer false promises about treatments’ efficacy . Kovacs says Canyon Ranch uses the latest science and personal data to help make evidence-based recommendations.

Jaclyn Sienna India owns a membership-based, ultra luxury travel company that serves people whose net worth exceeds $100 million, many of whom give priority to longevity, she says. She has planned trips for clients to Blue Zones, where there are a large number of centenarians. On one in February, her company arranged a $250,000 weeklong stay for a family of three to Okinawa that included daily meditation, therapeutic massages and cooking classes, she says.

India says keeping up with a longevity-focused lifestyle requires more than one treatment and is cost-prohibitive for most people.

Doctors say travellers may be more likely to glean health benefits from focusing on a common vacation goal : just relaxing.

Dr. Karen Studer, a physician and assistant professor of preventive medicine at Loma Linda University Health says lowering your stress levels is linked to myriad short- and long-term health benefits.

“It may be what you’re getting from these expensive treatments is just a natural effect of going on vacation, decreasing stress, eating better and exercising more.”

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