BUT WILL IT LAST?
It remains to be seen whether the 2012 holiday shopping season will meet its modest growth estimates from last year, but retailers are reporting strong sales from its kickoff weekend.
An estimated 247 million shoppers visited stores (and made internet purchases) during the extended Black Friday weekend – a new record. That’s an [...]
BUT WILL IT LAST?
A CLOSER LOOK AT THE HOLIDAY THAT’S EATING AMERICA’S THANKSGIVING
By Megan Jones || Black Friday seems like the epitome of capitalism in this country – retailers offering up great deals on a variety of coveted products and consumers coming out in droves to acquire these must-have goods (while simultaneously spurring the economy). What could possibly [...]
The U.S. economy got a rare spot of good news this week when major retailers reported $52.4 billion worth of sales on Black Friday – a 16 percent increase from last year.
Stocks surged Monday in response to the news – with the Dow Jones climbing 291 points (a 2.6 percent increase) and the Nasdaq and [...]
After back-to-back years of weak holiday sales, the U.S. retail market is enjoying a rebound in 2010 – at least through November’s big “Black Friday” and “Cyber Monday” shopping extravaganzas.
In fact, this year’s “Cyber Monday” was the biggest online shopping day ever – and for the month online sales surged by 16 percent over last [...]
One day does not make or break a holiday shopping season, but the preliminary Black Friday numbers aren’t looking promising …
According to the National Retail Federation, 195 million people shopped in stores and online over the Black Friday holiday weekend, which is up 13.4% from last year’s total of 172 million shoppers. These bargain-hunters [...]
Black Friday isn’t the busiest shopping day of the year – that’s the Saturday before Christmas, people – but it is the symbolic start of yet another make-or-break holiday shopping season for thousands of American retailers.
And while you’d never know it from the anti-consumer policies coming out of Washington D.C. these days, consumer spending is [...]
Forget the traditional post-turkey nap.
Even with a sputtering economy, over a hundred “Black Friday” shoppers were already starting their all-night vigil outside the Harbison Road Best Buy in Columbia, S.C. … at 7:00 p.m. on Thanksgiving night.
Sure, it’s freezing cold outside and the doors won’t even open for another ten hours, but the parking lot [...]
Consumer spending may be suffering from its sharpest declines in seven years, but retailers are still expecting big things from the holiday shopping season.
It all kicks off two days from now on “Black Friday,” i.e. the day after Thanksgiving, which has become synonymous with glitzy product displays, early morning “doorbuster” sales and teeming masses of [...]
Mirroring the overnight collapse of Asian and European stock markets, the Dow Jones opened this morning in a free fall as investors fretted the seeming inevitability of a long and severe global economic downturn.
Wow … we actually sounded like a real financial news website for a minute there.
Anyway, after stock market plunges in Japan (9.6%), [...]