US Black Friday shoppers spend more than in 2008
November 29th, 2009 - 10:31 am ICT by IANSWashington, Nov 29 (DPA) US shoppers were out in full force Saturday during the year’s most important weekend for retailers after laying out an estimated $10.66 billion on Black Friday in stores.
The figure was up about 0.5 percent over Black Friday 2008, according to the Wall Street Journal. The information was compiled by ShopperTrak RCT Corporation which tracks sales at more than 50,000 stores.
The increase was disappointing measured against expectations by retailers’ chief marketing officers of an 1.8 percent boost over 2008 in their own stores, according to a survey conducted by BDO Seidman LLP in October and reported by Bloomberg financial news
service.
But compared to 2008, when sales in November and December declined 5.8 percent from 2007, the increase was good news.
Monday - so-called Cyber Monday - is expected to see another shopping surge as retailers post special offers to Internet buyers. Nearly nine in ten retailers have a special promotion for Monday, according to the National Retail Federation.
Online shopping was already up for some retailers over 2008, according to the California-based Coremetrics. It said that consumers were buying more items per order by 18.3 percent and spending 35 percent more per order, or $170.19. Apparel retailers benefited most from the online surge.
Related Stories
- Retailers bank on Twitter, Facebook to boost sales in holiday season - Dec 11, 2009
- Wall Street falls amid economic woes - Dec 02, 2008
- Saturday Sales Expected To Be Popular With Shoppers - Nov 28, 2009
- Black Friday 2009 Deals Start Early - Nov 06, 2009
- Cyber Monday Bargains Available Throughout The Week In Selected Stores - Dec 01, 2009
- US stocks edge higher on quiet, abbreviated trading day - Dec 25, 2008
- Cyber Monday is on November 30 2009 - Oct 13, 2009
- Last Moment Preparation For Black Friday Rush - Nov 25, 2009
- Retailers Offer Discount In "After Christmas Sale" - Dec 26, 2009
- Black Friday 2009: People Gearing Up For Doorbuster Sales - Nov 27, 2009
- Business
Posted in Business, |