Friday Sales Report:
NRF Survey Finds Black Friday Gets Holiday Season Off to Energetic Start
(2008) (National Retail Federation) Though the holiday season is far from
over, retailers across the country are breathing a collective sigh of relief
after shoppers headed to stores and websites in droves over the weekend.
According to the National Retail Federation's 2008 Black Friday Weekend
survey, conducted by BIGresearch, more than 172 million shoppers visited
stores and websites over Black Friday weekend, up from 147 million shoppers
last year.* Shoppers spent an average of $372.57 this weekend*, up 7.2 percent
over last year's $347.55. Total spending reached an estimated $41.0 billion.
Black Friday Sales Report 2008 (CNNMoney.com) : Research firm says Black
Friday sales up 3%, thanks to deep discounts, in cautious start to the season.
The nation's retailers were watching anxiously, having already suffered
significant declines during the year thanks to the weakening U.S. economy.
However, "the first nationwide returns were positive for merchants.
ShopperTrak RCT, a retail industry research firm, said total Black Friday
sales rose 3% this year, to about $10.6 billion nationwide"
All Eyes on Holiday Shopping Turnout in Bleak Economy (2008) (New York
Times) : Black Friday 2008 had a tragedy at one of the Wal-mart stores.
A Wal-Mart worker on Long Island died after being trampled by customers
who broke through the doors early Friday. In the article it sates, "many
other retailers appeared to have fewer customers than usual the day after
Thanksgiving, which is typically one of the busiest shopping days of the
Black Friday takes a hit from the economy (2008)
(The Boston Globe) : Among shoppers, "there's less of a sense
of urgency than we've seen in the last few Black Fridays," said Marshal
Cohen, chief retail analyst at The NPD Group. "Last year they were
pushing the cart in and coming out with a big-screen TV. This year, they're
definitely not running around with their arms full." The article
also mentions, "Preliminary reports from major retailers including
Macy's, KB Toys, Best Buy, and Toys "R" Us, and mall operators
across the country said the crowds were at least as large as last year's.
But the National Retail Federation is projecting an 11 percent drop, or
about 6 million fewer people who will shop over the Black Friday weekend."