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11-27-2011, 08:39 PM #1
Black Friday weekend: Record $52.4 BILLION spent
Black Friday weekend: Record $52.4 billion spent
By Jessica Dickler@CNNMoney
November 27, 2011: 7:07 PM ET
NEW YORK -- Earlier than ever store openings and steep discounts helped retailers notch record sales this Black Friday weekend, according to early reports.
Total spending over the four-day weekend following Thanksgiving reached a record $52.4 billion, up 16% from $45 billion last year, according to a survey by the National Retail Federation released Sunday.
A record 226 million consumers shopped in stores and online between Thursday and Sunday, up from 212 million last year. Individual shoppers spent more too, the NRF said. The average holiday shopper shelled out $398.62, up from $365.34 in 2010.
Earlier openings at big-box retailers like Wal-Mart (WMT, Fortune 500), Toys R Us and Target's (TGT, Fortune 500) was one factor boosting sales -- particularly among men and young adults, according to the early tally. Nearly one-quarter of Black Friday shoppers were at stores by midnight on Black Friday, up from only 9.5% in 2010, the NRF said.
"I would say that means we will have to be on the look-out for a new tradition and that is more and more stores will be opening on Thanksgiving night next year," Marshal Cohen, chief industry analyst at the NPD Group, said in a statement.
In a separate survey released Saturday, ShopperTrak said retail sales on Black Friday alone climbed 6.6% this year to an estimated $11.4 billion.
Online retailers also played a bigger role this year with a slew of deep discounts and promotions well before Cyber Monday. Online sales were up 39.3% on Thanksgiving Day and 24.3% on Black Friday compared to the same days last year, according to IBM's (IBM, Fortune 500) Coremetrics, which tracks real-time data from 500 retailers in the apparel, department store, health and beauty and home goods categories.
Cyber Monday could also notch a new record, according to online tracking firm ComScore. Online sales for 2011 are projected to hit $1.2 billion, up from $1 billion last year, Andrew Lipsman, ComScore's industry analyst, said.
I braved Black Friday!
While Black Friday marks the unofficial start of the holiday season, it is still too early to say whether this consumer spending momentum will continue until Christmas, noted NRF spokeswoman Ellen Davis.
"Clearly people came out in droves and that's good news, there's no question -- but it's only part of the story" said Sherif Mityas, partner in the retail practice of A.T. Kearney, a New York-based consulting firm. "We still have more than a few weeks to Christmas and if everyone is done shopping, the holiday will be a failure."
Overall, the NRF is still forecasting overall holiday retail sales to increase a modest 2.8% during the months of November and December to $465.6 billion.
http://money.cnn.com/2011/11/27/pf/black_friday/NO AMNESTY
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11-27-2011, 08:48 PM #2
226 million people? Ok, so we are to believe that 75% of the American population aka 3 out of every 4 people bought something this weekend averaging over 300 dollars per person?
Im having trouble believing that.
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11-28-2011, 02:37 PM #3Originally Posted by ALIPACNO AMNESTY
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11-29-2011, 08:08 PM #4
I just walked through a toy section of a big box store and by no means was it picked over. The shelves were loaded with unsold toys.
What ever they were buying on Black Friday wasn't toys.
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12-01-2011, 09:56 PM #5
Guns are a big seller on Black Friday
Guns are a big seller on Black Friday
By Kevin Johnson, USA TODAY
Updated 1h 35m ago
Gun dealers flooded the FBI with background check requests for prospective buyers last Friday, smashing the single-day, all-time high by 32%, according to bureau records.
Deputy Assistant FBI Director Jerry Pender said the checks, required by federal law, surged to 129,166 during the day, far surpassing the previous high of 97,848 on Black Friday of 2008.
The actual number of firearms sold last Friday is likely higher because multiple firearms can be included in a transaction by a single buyer. And the FBI does not track actual gun sales.
Some gun industry analysts attributed the unusual surge to a convergence of factors, including an increasing number of first-time buyers seeking firearms for protection and women who are being drawn to sport shooting and hunting.
Larry Keane, a spokesman for the National Shooting Sports Foundation, said 25% of the purchases typically involve first-time buyers, many of them women.
"I think there also is a burgeoning awakening of the American public that they do have a constitutional right to own guns," Keane said.
Yet Keane said last Friday's number appeared to defy complete explanation. "It's really pretty amazing," he said.
Dennis Henigan, acting president of the Brady Center to Prevent Gun Violence, said he was "skeptical" of the Black Friday gun surge.
"I think there may be no real signifcance at all," Henigan said. "It's possible that gun companies are just catching on to creating a Black Friday frenzy for themselves."
http://www.usatoday.com/news/nation/sto ... 51554972/1NO AMNESTY
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12-01-2011, 09:59 PM #6
. . . “The Thanksgiving holiday weekend, including Black Friday, proved to be a very strong selling period and [b]helped us break our all-time November sales record,â€
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12-04-2011, 01:31 PM #7
RELATED
Many factors explain ‘Black Friday’ gun buying surge
http://www.alipac.us/ftopict-256795.htmlNO AMNESTY
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