Record-Breaking Sales on Singles Day

What used to be called Singles Day (November 11), and now is referred to as Global Shopping Festival, continues to be the “world’s biggest shopping day,” according to Adweek. Lisa Lacy reports: “It was another record-breaking day for retail as Chinese ecommerce platform Alibaba rang up 268.4 billion yuan ($38.4 billion).” Lacy compares the day with two shopping dates we’re more familiar with: “Even on the biggest shopping days of the year for Americans, the U.S. doesn’t come close: Consumers …

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Dollars Matter, But So Does Attendance

Broadway had a great Thanksgiving weekend, breaking the all-time revenue record as people poured in from out of town to celebrate the long weekend with a show. The record that wasn’t broken, however, was the attendance record, which was actually 4% off the all-time record this year. It’s a good moment to ask the question: Does that matter? Isn’t it dollars, not tickets, that count? Yes, and no. Yes, because it’s true that you take dollars to the bank, not …

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