Word: moring
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Dates: during 2000-2009
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Scott Krugman, an NRF vice president, sees Black Friday as a barometer for consumer sentiment but says it's not a slam dunk for how the rest of the holiday season will go. Last year, for example, shoppers spent 7% more over the Black Friday weekend than they did the...
On Black Friday alone, preliminary figures indicate that sales rose a modest 0.5%, to $10.66 billion from $10.6 billion a year ago, according to ShopperTrak, a research firm that tracks activity at more than 50,000 retail outlets. Sales fluctuated by region, with the West scoring the biggest increase at...
Coremetrics reports that consumers spent 35% more per online order on Black Friday than they did a year ago, with the average shopper purchasing 18% more items per order than they did last year.
Even QVC, which sells merchandise on its shopping channel and website, reported more than 765,000 orders totaling $32 million in sales on Black Friday - the highest level in the company's 23-year history and 60% more than last year's Black Friday sales.
Overall, Black Friday weekend sales indicated consumers' mood and the direction of their spending, says Richard Jaffe, managing director at Stifel Nicolaus & Co. Clearly, shoppers "are deeply focused on price and more thoughtful in their spending." (Read a brief history of Black Friday.)