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The state of local retail 2020: Buffalo, NY.


We analyzed transactions for every day of the 2019 calendar year at over 40,000 local retail businessses across the United States, including Buffalo. The result is a comprehensive look at when local retail businesses make the most money, when they process the most transactions, and when customers tend to spend a little extra when they're out shopping.

The impact of COVID-19 on Buffalo retail businesses.

2020 has been a challenge for local businesses across the U.S., and there's no question that local retailers in Buffalo have faced unprecidented challenges all year.

So before we take a look back at 2019, it's important to keep in mind the impact that COVID-19 has had on local retailers. According to our data, the average Buffalo retail business saw total consumer spending from April through October, 2020 increase 32% compared to the same timeframe in 2019. Additionally, 15% of retailers in Buffalo that were transacting before the pandemic hit were closed as of the last week of October.

Our research has shown that some types of retail businesses have fared quite well during the pandemic (sporting goods stores, home improvement stores, etc.), while others (clothing stores, book stores, etc.) have struggled. Whether a local retail business has struggled or thrived through 2020, this report gives insight on which days and months will be extra important for retailers in this unpredictable year.

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How much do retail shops in Buffalo make on an average day?

On a given day, retail shops in Buffalo brought in $1,077 in revenue. On a typical day, the average retail business also processed about 10 transactions while seeing customers spend an average of $103.10 per ticket.

Sales Revenue Transactions Ticket Size
$1,077 10 $103.10
     

 

What days of the week are retail shops in Buffalo busiest?

Fridays and Saturdays are busy at retail shops across the country, and things were no different for Buffalo retail businesses.

Fridays were particularly big, as 19% of all retail revenue in Buffalo came in on that day alone. On average, only 28% of retailers keep their doors open on Sundays in Buffalo, making it easily the slowest day of the week overall.

 

Among the businesses who did keep their doors open, Saturdays and Sundays were the biggest days of the week in terms of foot traffic, with Buffalo retail shops processing an average of 13 transactions per day.

 

 

Buffalo locals spend more per transaction on weekdays, with Wednesdays claiming the largest average ticket size of the week at $115.48 per ticket. Locals are the most frugal on Sundays, when lower-ticket-item shops are perhaps more likely to remain open than higher-end boutiques.

 

 

What time of year do retail shops in Buffalo make the most money?

Buffalo locals clearly love to shop regardless of the season, but what does the average year look like from week to week at retail shops in Buffalo? Let's take a look.

 

Top 5 days for Buffalo retail businesses.

#1 #2 #3 #4 #5

1/4/19

5/10/19

Mother's Day Weekend

3/23/19

5/11/19

Mother's Day Weekend

2/14/19

Valentine's Day

Friday Friday Saturday Saturday Thursday

 

Buffalo retail shops on prominent days.

Retail shops look to events and holidays to generate big sales for their business. Here’s how prominent days rank compared to the average day.

  Day rank based on total sales How much did restaurants that were open make?
Day Day Rank Total rev vs avg % of restaurants open Avg rev Rev vs avg Avg txns Txns vs avg Avg ticket Ticket vs avg
New Year's Day 93 23.90% 25% $3,968 268.40% 21 98.60% $191.28 85.50%
Super Bowl Sunday 339 -73.30% 25% $857 -20.50% 11 5.30% $77.87 -24.50%
Valentine's Day 5 120.30% 88% $1,971 83.00% 25 141.50% $78.14 -24.20%
St. Patrick's Day 332 -67.10% 28% $933 -13.40% 10 -0.20% $89.42 -13.30%
Easter Weekend 28 50.60% 87% $1,359 26.20% 18 75.40% $74.19 -28.00%
Easter Weekend 113 18.20% 78% $1,197 11.20% 17 62.70% $70.47 -31.70%
Easter Sunday 362 -86.20% 17% $651 -39.50% 7 -29.30% $88.24 -14.40%
Cinco de Mayo 321 -59.80% 38% $831 -22.80% 12 13.90% $69.88 -32.20%
Mother's Day Weekend 2 134.70% 97% $1,911 77.40% 20 94.80% $93.91 -8.90%
Mother's Day Weekend 4 124.00% 82% $2,159 100.50% 28 165.20% $77.95 -24.40%
Mother's Day 307 -44.90% 38% $1,140 5.90% 19 85.10% $58.97 -42.80%
Memorial Day Weekend 31 48.90% 100% $1,173 8.90% 14 33.80% $83.94 -18.60%
Memorial Day Weekend 74 28.80% 76% $1,332 23.70% 15 45.30% $87.79 -14.90%
Memorial Day 312 -52.00% 34% $1,108 2.80% 16 53.90% $68.92 -33.20%
Father's Day Weekend 14 68.40% 91% $1,454 35.00% 15 39.30% $99.94 -3.10%
Father's Day Weekend 64 32.50% 81% $1,290 19.80% 14 31.50% $93.92 -8.90%
Father's Day 336 -70.90% 29% $803 -25.40% 13 23.70% $62.19 -39.70%
11th of July 335 -68.30% 29% $850 -21.10% 14 33.00% $61.19 -40.70%
Labor Day Weekend 43 40.50% 91% $1,213 12.60% 13 21.40% $95.69 -7.20%
Labor Day Weekend 174 4.50% 67% $1,221 13.40% 15 45.70% $80.21 -22.20%
Labor Day 313 -52.80% 29% $1,267 17.70% 16 52.70% $79.47 -22.90%
Halloween 288 -23.40% 75% $809 -24.80% 7 -33.30% $116.15 12.60%
Thanksgiving Eve 201 0.10% 74% $1,068 -0.80% 10 -6.90% $109.92 6.60%
Thanksgiving 364 -95.60% 10% $333 -69.10% 5 -53.60% $68.68 -33.40%
Christmas Eve 221 -4.70% 53% $1,412 31.10% 17 61.30% $83.81 -18.70%
Christmas Day 365 -98.20% 6% $224 -79.20% 4 -59.30% $52.79 -48.80%
New Year's Eve 311 -51.10% 55% $704 -34.60% 9 -15.20% $79.51 -22.90%

Methodology

Womply analyzed daily revenue for over 40,000 retail shops in all 50 states, including Buffalo, as well as the District of Columbia for all 365 days of the 2019 calendar year. Retail businesses were only included in the analysis if they qualified as small businesses, Womply had a full year of transaction history, and the business recorded multiple transactions per day, on average.

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