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The state of local retail 2020: Oklahoma City, OK.


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

2020 has been a challenge for local businesses across the U.S., and there's no question that local retailers in Oklahoma City 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 Oklahoma City retail business saw total consumer spending from April through October, 2020 increase 9% compared to the same timeframe in 2019. Additionally, 27% of retailers in Oklahoma City 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 Oklahoma City make on an average day?

On a given day, retail shops in Oklahoma City brought in $800 in revenue. On a typical day, the average retail business also processed about 11 transactions while seeing customers spend an average of $75.62 per ticket.

Sales Revenue Transactions Ticket Size
$800 11 $75.62
     

 

What days of the week are retail shops in Oklahoma City busiest?

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

Fridays were particularly big, as 19% of all retail revenue in Oklahoma City came in on that day alone. On average, only 34% of retailers keep their doors open on Sundays in Oklahoma City, making it easily the slowest day of the week overall.

 

Among the businesses who did keep their doors open, Saturday was the busiest day of the week in terms of foot traffic, with Oklahoma City retail businesses processing an average of 13 transactions per day.

 

 

Oklahoma City locals spend more per transaction on weekdays, with Wednesdays claiming the largest average ticket size of the week at $79.65 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 Oklahoma City make the most money?

Oklahoma City 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 Oklahoma City? Let's take a look.

 

Top 5 days for Oklahoma City retail businesses.

#1 #2 #3 #4 #5

2/14/19

Valentine's Day

2/13/19

Day before Valentine's Day

5/10/19

Mother's Day Weekend

8/20/19

2/12/19

Thursday Wednesday Friday Tuesday Tuesday

 

Oklahoma City 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 329 -69.00% 27% $703 -12.10% 12 13.80% $58.39 -22.80%
Super Bowl Sunday 323 -67.40% 36% $554 -30.70% 9 -14.10% $60.98 -19.40%
Valentine's Day 1 183.00% 92% $1,884 135.50% 25 134.40% $75.97 0.50%
St. Patrick's Day 312 -57.30% 34% $769 -3.80% 12 12.90% $64.42 -14.80%
Easter Weekend 11 84.00% 97% $1,162 45.20% 14 30.10% $84.40 11.60%
Easter Weekend 166 6.50% 78% $836 4.50% 13 25.20% $63.13 -16.50%
Easter Sunday 364 -90.00% 18% $341 -57.40% 7 -34.30% $49.09 -35.10%
Cinco de Mayo 336 -70.50% 38% $476 -40.50% 9 -11.70% $50.94 -32.60%
Mother's Day Weekend 3 114.80% 97% $1,356 69.50% 18 67.10% $76.74 1.50%
Mother's Day Weekend 13 73.70% 83% $1,282 60.30% 18 67.30% $72.42 -4.20%
Mother's Day 332 -69.90% 37% $498 -37.70% 9 -10.80% $52.83 -30.10%
Memorial Day Weekend 27 53.60% 98% $960 20.00% 12 13.00% $80.35 6.30%
Memorial Day Weekend 248 -10.10% 69% $798 -0.30% 12 16.80% $64.59 -14.60%
Memorial Day 346 -74.00% 32% $498 -37.70% 7 -30.30% $67.56 -10.70%
Father's Day Weekend 47 36.50% 89% $939 17.40% 13 21.00% $73.37 -3.00%
Father's Day Weekend 244 -9.50% 68% $815 1.90% 13 22.10% $63.14 -16.50%
Father's Day 359 -78.90% 27% $478 -40.20% 10 -4.00% $47.14 -37.70%
41st of July 335 -70.30% 24% $759 -5.10% 11 -0.70% $72.25 -4.50%
Labor Day Weekend 110 18.00% 89% $812 1.50% 12 11.60% $68.84 -9.00%
Labor Day Weekend 279 -16.50% 63% $811 1.40% 12 12.60% $68.15 -9.90%
Labor Day 343 -73.70% 27% $596 -25.50% 7 -30.00% $80.43 6.40%
Halloween 211 -2.30% 81% $739 -7.60% 8 -23.10% $90.82 20.10%
Thanksgiving Eve 223 -3.70% 76% $776 -3.00% 12 9.50% $66.99 -11.40%
Thanksgiving 358 -78.40% 12% $1,102 37.80% 13 20.60% $86.42 14.30%
Christmas Eve 158 7.60% 65% $1,014 26.80% 11 7.50% $89.20 18.00%
Christmas Day 365 -98.70% 7% $116 -85.50% 4 -58.10% $26.19 -65.40%
New Year's Eve 170 6.10% 79% $823 2.90% 10 -8.20% $84.75 12.10%

Methodology

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