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Black Friday Distortions ,,,Spending

 
paladin
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User ID: 163887
United States
11/29/2006 10:49 PM
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Black Friday Distortions ,,,Spending
NRF Black Friday Distortions
Over the weekend I received some taunts about how "great" Black Friday was.

Bloomberg reported U.S. Shoppers Spend 19% More on Thanksgiving Weekend.

Nov. 26 (Bloomberg) -- U.S. shoppers spent 18.9 percent more over the Thanksgiving weekend than last year, kicking off holiday gift buying with purchases of discounted wide-screen televisions and clothes, the National Retail Federation said.

Consumers spent an average $360.15 each over the weekend, up from $302.81 a year earlier, the NRF said today in a statement. Fewer people shopped, with about 140 million visiting stores during the four days including Thanksgiving, down from 145 million last year.
That did not jive with sales at Walmart as CNN Money reported Wal-Mart sees sluggish sales for November, including Black Friday results.

Wal-Mart Stores Inc. predicted surprisingly weak November sales on Saturday, but a survey of thousands of retail locations pointed to a relatively healthy start to the holiday shopping season.

Wal-Mart estimated that November sales fell 0.1 percent at its U.S. stores open at least a year - the forecast includes sales on Black Friday. At the same time, a survey by ShopperTrak estimated a 6 percent sales increase overall for the day, to $8.9 billion.

more at...

[link to globaleconomicanalysis.blogspot.com]

Last Edited by bot9 on 08/31/2011 08:32 PM
paladin  (OP)

User ID: 163887
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11/29/2006 10:57 PM
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Re: Black Friday Distortions ,,,Spending
Gloomy Retailers in the US, UK and Japan

Nouriel Roubini | Nov 27, 2006 Christmas and the holiday season may not be so cheerful for retailers in some major economies. In the UK Reuters reports that Retailers face worst Christmas in 25 yrs:

Retailers may face their worst Christmas in a quarter of a century as warm weather and hikes in fuel bills and interest rates cause shoppers to pinch pennies, a leading analyst predicted on Monday.

Seymour Pierce's Richard Ratner, who has followed the sector for 25 years, said his data showed sales for the bulk of the UK rag trade were down 10 to 20 percent in the past two weeks.

"We now believe that Christmas in 2006 will be worse than 2005 and could be as difficult as or even softer than 2004, which was the worst Christmas for 23 years. If the latter is the case, it will make it the worst for 25 years," Ratner wrote.

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[link to www.rgemonitor.com]

Last Edited by Account Deleted by User on 08/31/2011 08:37 PM
Not a Sheople

User ID: 79075
United States
11/29/2006 11:08 PM
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Re: Black Friday Distortions ,,,Spending
This year's "Black Friday" weekend (Friday and Saturday) was the best I have had since starting business 10 years ago.
"You direct the will upon the mind, and use it in determining what you shall believe,
what you shall think, and to what you shall give your attention."
Anonymous Coward
User ID: 108959
United States
11/29/2006 11:11 PM
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Re: Black Friday Distortions ,,,Spending
Walmart sales are down cuz the economy is so good that even the b;ue collar working stiffs have moved up to Neiman Marcus.

Yeah. That must be it.

sbus
paladin  (OP)

User ID: 163887
United States
11/29/2006 11:21 PM
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Re: Black Friday Distortions ,,,Spending
This year's "Black Friday" weekend (Friday and Saturday) was the best I have had since starting business 10 years ago.
 Quoting: Not a Sheople




then you must have a Gold/Silver store..

I would be in there every day....
Not a Sheople

User ID: 79075
United States
11/29/2006 11:35 PM
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Re: Black Friday Distortions ,,,Spending
Cell phones.
"You direct the will upon the mind, and use it in determining what you shall believe,
what you shall think, and to what you shall give your attention."





GLP