What is it after you adjust for inflation?
I think they are making stuff up. Our local Best Buy had spots open in the parking lot on Friday morning.
OWS boycott fail, but they did manage to look super-stupid at that WalMart in San Diego yesterday.
Stores around here were kind of quiet today. I wonder if a slow Saturday after Black Friday can offset a good Black Friday.
So if you adjust for the longer hours this year, is there still a 7% bump? If you report sales as a function of hours open on ‘black Friday’ does this still hold?
Independent of the answer to those questions, it doesn't seem so surprising that in a bad economy people are bargain hunting.
nice Christmas bump for a godless culture.
sales mean nothing.. it;s profit which are down..
If the fake journalists in America had any sense of intelligence amongst them, they would admit what everyone on Main Street knows: Hussein is a disaster, and there will be NO economic recovery until after American voters FIRE his ass next November.
Instead, they keep trying to prop this miserable jackball up with their propaganda...
November 28, 2009 11:09 PM PrintText Black Friday Retail Sales Up 0.5% From ‘08
Shoppers spent only slightly more in stores this Black Friday - the traditional post-Thanksgiving Day shopping spree - than they did last year, according to data released Saturday by a national research firm.
Preliminary sales data from ShopperTrak RCT Corp. show shoppers spent $10.66 billion when they hit the malls on the day after Thanksgiving - only 0.5 percent more than last year.
Assuming that these numbers from this historically wrong site are correct then we have done nothing short of pulling demand forward. Just as the federal government has done with their deficit spending. If sales for black Friday really were strong then it just means that people just spent their wad, and they won’t be spending so much going forward.
Aren’t these early preliminary numbers wrong year after year after year?
All that I have seen and heard is that Black Friday was the worst ever. All the MSM wants is for its advertisers to be happy so obviously they want some momentum even by exaggerated numbers.
So I call BS on AP.
In my town it was just a murmur, no crowds rushing the stores, just another day, slightly more busy.
High sales does not equal high profits, if you darn near give the stuff away of course it’s going to sell. Let’s see what happens when the prices go up to normal and the less than crazy people who work decide whether to spend this year or not.
I was thinking about the past, when there were no parking spaces on Black Friday. Was that when everyone was using their credit and going into debt?
Shouldn’t there be a correction? Is it bad when people buy only what they can afford?