US Black Friday shoppers spend more than in 2008
November 29th, 2009 - 10:31 am ICT by IANS ( Leave a comment )Washington, 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.
- Americans ready to 'Die Another Day' (Washington Newsletter) - Nov 27, 2011
- Men buy more grocery online than women, shows study - Oct 04, 2011
- US shoppers spend record $52.4 bn on Thanksgiving weekend - Nov 29, 2011
- Retailers bank on Twitter, Facebook to boost sales in holiday season - Dec 11, 2009
- Walmart Cyber Monday Deals Allure Shoppers All Over - Nov 27, 2010
- Black Friday deals - Nov 25, 2011
- Britain's retail sales fall in January - Jan 27, 2012
- US stocks end higher on holiday sales - Nov 29, 2011
- Wall Street falls amid economic woes - Dec 02, 2008
- Black Friday Brings Online Bonanza In 2010 - Nov 20, 2010
- US stocks edge higher on quiet, abbreviated trading day - Dec 25, 2008
- Drunk shoppers boosting online sales - Dec 29, 2011
- Black Friday deal hunters in US turn violent - Nov 26, 2011
- Obama seeks 'common purpose' in tough economic times - Dec 25, 2008
- Wal-Mart Hit By Shoplifting Amidst Cyber Monday Sales Season - Nov 28, 2010
Tags: apparel retailers, bdo seidman llp, black friday 2008, chief marketing, consumers, coremetrics, cyber monday, financial news, full force, internet buyers, national retail federation, news service, shoppers, shopping, special offers, wall street, wall street journal