Retailers see only a little more green on Black Friday
Sales on the day after Thanksgiving were up just 0.5% from last year, ShopperTrak says. A trade group says 195 million Americans went shopping over the weekend, but average spending fell 7.9%.
Despite huge crowds lured by heavy discounts, shoppers spent less on average on Black Friday and weren't able to give retailers the big boost they were hoping for. Sales on the day after Thanksgiving rose just 0.5% to $10.66 billion, according to ShopperTrak RCT Corp., a research firm that monitors sales at more than 50,000 stores. That compared with a 3% year-over-year Black Friday increase in 2008 and an 8.3% surge in 2007.
Despite huge crowds lured by heavy discounts, shoppers spent less on average on Black Friday and weren't able to give retailers the big boost they were hoping for. Sales on the day after Thanksgiving rose just 0.5% to $10.66 billion, according to ShopperTrak RCT Corp., a research firm that monitors sales at more than 50,000 stores. That compared with a 3% year-over-year Black Friday increase in 2008 and an 8.3% surge in 2007.