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kpete

(71,986 posts) Mon Dec 1, 2014, 12:58 PM Dec 2014

$$$ loses to the Bird

NEW YORK (AP) — Black Friday fatigue is setting in.

Early discounting, more online shopping and a mixed economy meant fewer people shopped over Thanksgiving weekend, the National Retail Federation said Sunday.

Overall, 133.7 million people shopped in stores and online over the four-day weekend, down 5.2 percent from last year, according to a survey of 4,631 people conducted by Prosper Insights & Analytics for the trade group.

Total spending for the weekend is expected to fall 11 percent to $50.9 billion from an estimated $57.4 billion last year, the trade group estimated.

the rest:
http://www.huffingtonpost.com/2014/12/01/black-friday-weekend-sales-fall_n_6245926.html

2 replies

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Highlight:

$$$ loses to the Bird (Original Post) kpete Dec 2014 OP

Not a surprise, when the economy really only is going splendidly for Wall Street. djean111 Dec 2014 #1

This article provides a good peek behind the curtain. Brickbat Dec 2014 #2

djean111

(14,255 posts)

1. Not a surprise, when the economy really only is going splendidly for Wall Street.

Reply to kpete (Original post)

Mon Dec 1, 2014, 01:00 PM

Dec 2014

I don't think the 1% buy their yachts on Black Friday.

Brickbat

(19,339 posts)

2. This article provides a good peek behind the curtain.

Reply to kpete (Original post)

Mon Dec 1, 2014, 01:03 PM

Dec 2014

This story is bad news only if you accept the premise that Black Friday is an inevitable requirement of the holiday season.

It's nothing. It's as meaningless a standard as the DJIA as far as illustrating how the nation's economy is performing and affecting the majority of people.

It's a day picked to measure something that has nothing to do with most of us, and to make us feel something about it.

People are still buying -- according to the article itself, they just bought earlier and online. This article is a downer only if you accept numbers of shoppers and spending on a particular movable weekend as significant economic indicators.

If you live your life and don't give a shit about such things, it's easy to ignore.

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