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 ...
“Hillary gets the election results to change...”
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The sales of guns, ammo and prepper supplies would go through the roof to record heights.
Here in NJ it appears the crowds aren’t the taxpaying type, and they are spending the taxpayers’ money...
I know I would fill my basement with water, food, and buy 1000s of yards of razor wire, . . . the list would go on.
THAT will be the media spin. "See? We told you the economy was coming back!"
THat’s what I wondered. One of those new words, surge + splurge.
Nope! Me neither! Every day still feeling like Christmas morning!!!
Zero Hedge is reporting sales aren’t good. Which is it?
The Trump effect!!! Hate America Trio, Obama, Clinton and their low life Democrat Party are gone!!! Keep it up, Dems you will sink even faster, come, the mid-terms of 2018, if you do not get rid of your low life progessives, your hateful media lap dogs, the CBC, The NAACP, The teacher unions, Sanders, Warren, etc. Nothing is as, dead politically as an idea that has failed and passed by its time and place!!! Heed this..or, die as a major political party in the USA!!! End of story!!! Go Donald J. Trump!!!
Hillary Clinton is not fit to be the POTUS. She is totally useless...and would destroy the country in four years, just as Obama wanted her to!!! Thanks be to our Lord, who has come forth to save his great nation!!!
Oh......by the way.....”MERRY CHRISTMAS”....it’s OK to say it now that the Satan’s Obama, Clinton and their Vermin Democrat Party have no power, whatsoever across the entire country, except in the big “GHETTO” cities...which they have effectivelly destroyed for minorities. Go Donald J. Trump!!!
Trump & The Cowboys. AMERICAS TEAMS!
Did mine already as I only have 2 to buy. Hubby got a new turn table that will let him record his old some mono vinyl records to USB. It will replace a 30+ yr old worn out one. 3 speeds/stereo which can be hooked into his last Christmas Sound Bar system. I get a new bread machine that makes 3lb loaves replacing an old one.
Paid for it with gift card, that had 4 times gas pts from Kroger’s. We will also have a $1 off up to 35 gal of gas this month, we have a lot of medical stuff for Dec. As he goes for Partial Cornea transplant.
Grands and GGrands get Amazon gift cards. More gas pts for January.
Echo is on sale for $138 if any one is interested.
Nice article and thanx. Money created by economic activity is the old fashioned, time honored way. Socialists create situations such as Lira, or they make Rubble’s into ruble, or Dollars into cents. We are in a financial bubble that was designed to take the world’s economies into 2017, past Zero’s presidency.
Beat me to a version of “Trump’s Fault!
I think Will Rogers said, “Nobody is safe while Congress is in session.”
spotted spurge oh noes! lol
Demo might be going into splurge because they need to stock up for armageddon caused by the GOP.
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