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The state of local retail 2020: Cleveland, OH.


We analyzed transactions for every day of the 2019 calendar year at over 40,000 local retail businessses across the United States, including Cleveland. 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 Cleveland retail businesses.

2020 has been a challenge for local businesses across the U.S., and there's no question that local retailers in Cleveland 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 Cleveland retail business saw total consumer spending from April through October, 2020 increase 12% compared to the same timeframe in 2019. Additionally, 14% of retailers in Cleveland 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 Cleveland make on an average day?

On a given day, retail shops in Cleveland brought in $951 in revenue. On a typical day, the average retail business also processed about 13 transactions while seeing customers spend an average of $71.08 per ticket.

Sales Revenue Transactions Ticket Size
$951 13 $71.08
     

 

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

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

Fridays were particularly big, as 19% of all retail revenue in Cleveland came in on that day alone. On the other hand, Sunday was the slowest day of the week for Cleveland retail shops, with 6% of revenue coming in on that day.

 

Saturday was the busiest day of the week in terms of foot traffic, with Cleveland retail businesses processing an average of 18 transactions per day.

 

 

Cleveland locals spend more per transaction on weekdays, with Tuesdays claiming the largest average ticket size of the week at $81.69 per ticket. Locals are the most frugal on Sundays, when they spent an average of $36.85 less than on Tuesdays.

 

 

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

Cleveland 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 Cleveland? Let's take a look.

 

Top 5 days for Cleveland retail businesses.

#1 #2 #3 #4 #5

5/11/19

Mother's Day Weekend

10/1/19

5/10/19

Mother's Day Weekend

3/1/19

5/7/19

Saturday Tuesday Friday Friday Tuesday

 

Cleveland 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 356 -71.20% 24% $924 -2.80% 18 32.10% $52.30 -26.40%
Super Bowl Sunday 353 -66.90% 46% $546 -42.60% 13 0.20% $40.72 -42.70%
Valentine's Day 8 64.30% 89% $1,395 46.70% 22 62.20% $64.30 -9.50%
St. Patrick's Day 336 -57.70% 44% $729 -23.30% 18 31.50% $41.46 -41.70%
Easter Weekend 15 54.90% 89% $1,306 37.40% 17 29.90% $75.18 5.80%
Easter Weekend 76 25.70% 83% $1,144 20.40% 20 47.20% $58.12 -18.20%
Easter Sunday 363 -87.40% 19% $495 -48.00% 15 12.00% $33.01 -53.60%
Cinco de Mayo 337 -57.90% 49% $643 -32.40% 15 14.80% $41.88 -41.10%
Mother's Day Weekend 3 73.50% 96% $1,366 43.70% 19 40.90% $72.49 2.00%
Mother's Day Weekend 1 83.30% 87% $1,592 67.50% 26 93.90% $61.39 -13.60%
Mother's Day 306 -32.00% 53% $967 1.80% 21 54.60% $46.79 -34.20%
Memorial Day Weekend 23 49.30% 97% $1,155 21.50% 16 22.70% $70.43 -0.90%
Memorial Day Weekend 90 22.90% 83% $1,114 17.20% 19 39.20% $59.84 -15.80%
Memorial Day 339 -58.20% 34% $915 -3.70% 16 21.80% $56.19 -20.90%
Father's Day Weekend 19 53.70% 99% $1,170 23.10% 16 20.10% $72.83 2.50%
Father's Day Weekend 109 17.30% 84% $1,051 10.50% 18 31.00% $59.97 -15.60%
Father's Day 327 -55.10% 49% $690 -27.40% 13 -5.50% $54.60 -23.20%
15th of July 360 -76.60% 32% $550 -42.20% 14 6.10% $38.73 -45.50%
Labor Day Weekend 35 41.10% 93% $1,142 20.20% 15 11.30% $76.74 8.00%
Labor Day Weekend 157 8.50% 78% $1,046 10.10% 17 28.70% $60.76 -14.50%
Labor Day 361 -78.70% 30% $528 -44.50% 12 -8.40% $43.10 -39.40%
Halloween 263 -12.60% 82% $802 -15.70% 10 -25.80% $80.81 13.70%
Thanksgiving Eve 238 -7.50% 80% $870 -8.50% 13 -3.10% $67.07 -5.60%
Thanksgiving 364 -90.70% 17% $424 -55.40% 14 0.90% $31.39 -55.80%
Christmas Eve 149 9.70% 65% $1,280 34.60% 18 33.00% $71.97 1.30%
Christmas Day 365 -95.20% 8% $451 -52.60% 9 -32.10% $49.63 -30.20%
New Year's Eve 309 -34.70% 63% $786 -17.30% 13 -6.40% $62.75 -11.70%

Methodology

Womply analyzed daily revenue for over 40,000 retail shops in all 50 states, including Cleveland, 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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