America might still be suffering a recession-like economy, but that didn’t mean Americans wanted to stay home from the stores on Black Friday, or in a few cases, late-night on Thanksgiving. A number of preliminary reports over the weekend indicated record-breaking retail sales for Black Friday and the entire weekend, for that matter—as well as predictions of an uptick or even upsurge in online sales on “Cyber Monday.”
The National Retail Federation reported on Sunday that a survey conducted by BIGresearch over the weekend found that 226 million shoppers visited stores and websites over Thanksgiving weekend, which includes sales from Thanksgiving Day itself through Black Friday, plus Saturday and an estimate of Sunday’s visits. The total was up from 212 million during the same few days last year, and the average holiday shopper spent $398.62 over the weekend, up from $365.34 a year ago. Total spending reached an estimated $52.4 billion. Some 37.8 percent of the total weekend retail spending, an average of $150.53, was for online purchases, explained the NRF.
Read more...Economy Watch: Retailers Clean Up Over Thanksgiving Weekend | Multi-Housing News Online
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