News
« Consumer Sentiment Slips Slightly | | 'Cyber Monday' A Success For Online Retailers »
November 27, 2006
Holiday Shopping Off To A Strong Start
Black Friday was a resounding success for many retailers as consumers took advantage of the long Thanksgiving weekend to scoop up holiday gifts.
Research firm ShopperTrak RCT said that nationwide sales increased 6% to nearly $9 billion on Friday compared to the previous year.
Meanwhile, the National Retail Federation said that the consumers it surveyed spent an average 19% more over Thanksgiving weekend than they did last year.
The largest sales increased came in electronics and discount goods, with apparel showing more moderate gains. However, apparel sales tend to spike in the last week before Christmas, according to research by MasterCard.
Posted by Blacks on November 27, 2006 09:37 AM
Comments
Post a comment