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xchrom

(108,903 posts) Mon Dec 2, 2013, 09:40 AM Dec 2013

Black Friday Spending Declined This Year Despite A Record Number Of Shoppers Turning Out

http://www.businessinsider.com/black-friday-spending-decline-2013-12

Macy's on Black Friday.

NEW YORK (AP) — Retailers got Americans into stores during the start to the holiday shopping season. Now, they'll need to figure out how to get them to actually shop.

Target, Macy's and other retailers offered holiday discounts in early November and opened stores on Thanksgiving Day. It was an effort to attract shoppers before Black Friday, the day after Thanksgiving that traditionally kicks off the holiday shopping season.

Those tactics drew bigger crowds during the four-day Thanksgiving weekend, but failed to motivate Americans to spend.

"The economy spoke loud and clear over the past few days," said Brian Sozzi, CEO and chief equities strategist at Belus Capital Advisors. "We are going to see an increase in markdowns."

Read more: http://www.businessinsider.com/black-friday-spending-decline-2013-12#ixzz2mKBwNz2F

4 replies

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Black Friday Spending Declined This Year Despite A Record Number Of Shoppers Turning Out (Original Post) xchrom Dec 2013 OP

Wall Street Sizzles - Main Street Has Fizzled cantbeserious Dec 2013 #1

All the hype in the world won't boost sales when people have no money to spend. marmar Dec 2013 #2

+1 xchrom Dec 2013 #3

Yep. dixiegrrrrl Dec 2013 #4

cantbeserious

(13,039 posts)

1. Wall Street Sizzles - Main Street Has Fizzled

Reply to xchrom (Original post)

Mon Dec 2, 2013, 09:49 AM

Dec 2013

eom

marmar

(77,081 posts)

2. All the hype in the world won't boost sales when people have no money to spend.

Reply to xchrom (Original post)

Mon Dec 2, 2013, 09:59 AM

Dec 2013

xchrom

(108,903 posts)

3. +1

Reply to marmar (Reply #2)

Mon Dec 2, 2013, 10:05 AM

Dec 2013

dixiegrrrrl

(60,010 posts)

4. Yep.

Reply to marmar (Reply #2)

Mon Dec 2, 2013, 04:56 PM

Dec 2013

and yet, merchants are scratching their heads as if they can't figure that out.

Meanwhile, my grocery bill has doubled since 2006,even tho I am buying LESS than I used to, and only basics, no
processed foods, and half the meat we used to buy.

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