Godlike Productions - Conspiracy Forum
Users Online Now: 3,094 (Who's On?)Visitors Today: 1,356,376
Pageviews Today: 1,993,320Threads Today: 616Posts Today: 12,276
05:04 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Black Friday fails to boost stores Thanksgiving weekend sales couldn't save a disappointing November for retailers; teen sellers hit hard.

 
Oh the pain! The pain!
User ID: 832770
United States
12/03/2009 11:41 AM
Report Abusive Post
Report Copyright Violation
Black Friday fails to boost stores Thanksgiving weekend sales couldn't save a disappointing November for retailers; teen sellers hit hard.
[link to money.cnn.com]
SNIP

Retailers placed a lot of hope on the Thanksgiving weekend gift buying this year, but merchants failed to get the big sales boost they were seeking.

According to monthly same-store tracker Thomson Reuters, overall sales rose just 0.5% last month versus its forecast for a 2.1% increase. The figure does not include leading retailer Wal-Mart Stores (WMT, Fortune 500), which reports sales on a quarterly basis.

The firm tracks same-store sales, or sales at stores open at least a year, for such large national chains as J.C. Penney (JCP, Fortune 500), Macy's, Target (TGT, Fortune 500) and Gap (GPS, Fortune 500).

Still, the marginal increase is an improvement over last year's steep 7.8% decline in November.



Last Edited by Account Deleted by User on 08/29/2011 09:32 PM
ZTE
User ID: 779511
United States
12/03/2009 11:45 AM
Report Abusive Post
Report Copyright Violation
Re: Black Friday fails to boost stores Thanksgiving weekend sales couldn't save a disappointing November for retailers; teen sellers hit hard.
I know that in Alabama, Black Friday was a Dead Friday, because of the Alabama/Auburn game starting midday on Friday.

Now a lot of people who aren't from Alabama might not grasp that, but this one game is by far the biggest sporting event in the state. I was driving home 5 minutes before the game, and I was the only car on the road (a U.S. highway). As I was driving past shopping centers and stores, the parking lots were almost completely empty.

I'm sure there were a few people (mostly women) who took advantage of the situation to shop, but the entire state essentially shut down that day.

News