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Graphic of Maryland

The state of local retail 2020: Maryland.


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

2020 has been a challenge for local businesses across the U.S., and there's no question that local retailers across the state of Maryland 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 across the state. According to our data, the average Maryland retail business saw total consumer spending from April through October, 2020 drop 11% compared to the same timeframe in 2019. Additionally, 16% of retailers in the state of Maryland that were transacting before the pandemic hit are 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.

What we learned about local retail sales in Maryland.

Maryland is the 9th-ranked state for average retail revenue in the United States, pulling in 15% more in daily revenue than the national average on a given day.

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

On a given day, retail shops in Maryland brought in $1,126 in revenue. On a typical day, the average retail business also processed about 12 transactions while seeing customers spend an average of $94.42 per ticket.

Sales revenue Transactions Ticket size
$1,126 12 $94.42
National Rank: 9 National Rank: 31 National Rank: 1

 

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

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

Saturdays were particularly big, as 19% of all retail revenue in Maryland came in on that day alone. On the other hand, Sunday was the slowest day of the week for Maryland retail shops, with 9% of revenue coming in on that day.

 

 

Saturday was the busiest day of the week in terms of foot traffic, with Maryland retail businesses processing an average of 16 transactions per day.

 

 

Marylanders spend more per transaction on throughout the week, with Mondays claiming the largest average ticket size of the week at $103.35 per ticket. Locals are the most frugal on Sundays, when they spent an average of $13.30 less than on Mondays.

 

 

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

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

May was the biggest month of the year overall for retail businesses in the Old Line State, no doubt thanks to a huge lift from Mother's Day Weekend. The week leading up to the holiday was the 4th biggest week of the year, and the week before that was the 10th.

 

Top 5 days for Maryland retail businesses.

The holidays was responsible for the single-biggest day of the year for local retail businesses in Michigan. Spring was also big for retail businesses in Michigan, accounting for the second biggest day of the year.

#1 #2 #3 #4 #5

11/29/19

Black Friday

5/25/19

Memorial Day Weekend

8/31/19

Labor Day Weekend

5/11/19

Mother's Day Weekend

5/10/19

Mother's Day Weekend

Friday Saturday Saturday Saturday Friday

 

Maryland 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 360 -65% 32% $992 -12% 10 -20% $104.05 10%
Super Bowl Sunday 353 -45% 48% $1,041 -8% 12 -1% $88.01 -7%
Valentine's Day 38 33% 85% $1,430 27% 18 50% $80.22 -15%
St. Patrick's Day 321 -31% 52% $1,223 9% 13 8% $95.17 1%
Easter Weekend 39 33% 93% $1,311 16% 15 24% $88.77 -6%
Easter Weekend 19 44% 83% $1,582 41% 19 58% $84.06 -11%
Easter Sunday 362 -77% 25% $813 -28% 14 19% $57.43 -39%
Cinco de Mayo 299 -22% 57% $1,243 10% 11 -4% $108.57 15%
Mother's Day Weekend 5 65% 98% $1,546 37% 17 39% $93.55 -1%
Mother's Day Weekend 4 67% 87% $1,752 56% 22 81% $81.29 -14%
Mother's Day 330 -35% 57% $1,041 -8% 12 2% $85.30 -10%
Memorial Day Weekend 6 59% 99% $1,463 30% 14 16% $105.79 12%
Memorial Day Weekend 2 73% 85% $1,866 66% 17 40% $111.86 19%
Memorial Day 32 37% 53% $2,381 112% 14 19% $167.49 77%
Father's Day Weekend 27 39% 100% $1,275 13% 14 20% $89.44 -5%
Father's Day Weekend 61 24% 89% $1,280 14% 16 37% $78.22 -17%
Father's Day 338 -37% 55% $1,051 -7% 14 14% $77.27 -18%
24th of July 274 -16% 49% $1,566 39% 13 12% $117.53 25%
Labor Day Weekend 16 48% 98% $1,384 23% 14 19% $97.75 4%
Labor Day Weekend 3 71% 83% $1,885 68% 18 51% $104.76 11%
Labor Day 8 58% 53% $2,721 142% 17 46% $156.74 66%
Halloween 296 -22% 82% $875 -22% 9 -21% $93.43 -1%
Thanksgiving Eve 121 10% 86% $1,170 4% 13 8% $90.67 -4%
Thanksgiving 364 -88% 15% $728 -35% 13 11% $54.80 -42%
Christmas Eve 84 18% 68% $1,595 42% 20 69% $79.27 -16%
Christmas Day 365 -96% 8% $478 -58% 10 -19% $49.38 -48%
New Year's Eve 287 -19% 74% $1,005 -11% 12 -3% $87.09 -8%

Methodology

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