Posted on 11/25/2016 4:18:13 AM PST by drewh
Hope for $3.1billion on Black Friday amid post-election spending boom
Online shoppers charged out of the gate, spending more than $1.15billion between midnight and 5pm Forecasters expect the total value of Thanksgiving Day purchases to be more than $2billion
It was an increase of more than 13 per cent on what was spent during the same time frame in 2015, and Adobe said it expected the Thanksgiving Day total to surge past $2billion in the next few hours. The forecasters expect almost $900million of the total figure to come from purchases made on mobile devices.
The National Retailers Foundation says online spending over the three-day bonanza will reach an eye-watering $8.4billion. The NRF's annual holiday shopping forecast expects $3.05billion on Black Friday and $3.36billion on Cyber Monday - which would mean it is the biggest shopping day of all time. Other forecasters project overall holiday spending will rise by 3.6 percent - which would be a bigger jump that the average seen over the past seven years. If spending does increase by the predicted amount, 690,000 new seasonal jobs will be created, according to the NRF.
This weekend is crucial to set the tone. Around 137 million people plan to or are considering doing their shopping during the Thanksgiving weekend, according to a survey conducted for the National Retail Federation. That includes online and store shopping. Black Friday, the day after Thanksgiving, vies with the Saturday before Christmas as the busiest shopping day of the year. The NRF, the nation's largest retail group, expects holiday sales to rise 3.6 per cent for November and December, better than the 3 per cent growth seen for those months last year. That excludes car sales, gas and restaurant receipts but includes online spending and other non-store sales such as catalog spending.
(Excerpt) Read more at dailymail.co.uk ...
yup, it’s the Trump economy!
I’m tired of winning. /s
Bought a $400 North Face -20 parka for $240 on Wednesday... in my den, drinking whiskey and watching Iron Chef America reruns on Amazon. I love Christmas shopping! It’ll be on my porch today.
Trump Effect. Dude’s not even in office yet.
It’ll be nice to have an American in the oval office again.
... and ammo sales would skyrocket!
My daughter and wife dragged me to the mall last night, and I have never seen anything like it - crowds everywhere spending money like there is no tomorrow...
ML/NJ
“It’s not about the savings, it’s about getting into a fist fight to get those savings.”
Or possibly getting killed while trying to get those savings.
“The legacy of President Obama includes the incredible growth trajectory in place as he turned over the Presidency, and the economy, to his successor, bankruptcy - ridden Donal Trump.”
I expect it.
I’m contrarian and don’t expect but the usual “spurge”.
Dems are depressed and conservatives don’t splurge.
There are some crazy cheap prices out there nontheless!
People are seeing a light at the end of a long dark tunnel.
Yes, President Trump! I’m going to specifically be sure to order a few things online today to be certain I’m a part of the Trump Effect du Jour!
Time to post the Charlie Sheen picture with Winning again.
Perhaps it would be better with Trump.
I went shopping Monday, Tuesday and Wednesday.
These people have no money They put it on the never never card, hell most of these people don;t even own their panties, as their panties are on the credit card too.
The Trump Effect! :-)
Nope. Still not tired of winning.
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