Source: www.breitbart.com - Sunday, November 30, 2014
NEW YORK (AP) — Black Friday fatigue is setting in. 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. Early discounting, more online shopping and a mixed economy meant fewer people shopped over Thanksgiving weekend, the National Retail Federation said Sunday. 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. Part of the reason is that Target, J.C. Penney, Macy's, Wal-Mart and other major retailers pushed fat discounts as early as Halloween. Some opened stores even earlier on Thanksgiving. All that stole some thunder from Black Friday and the rest of the weekend. Still, the preliminary data makes retailers worried that shoppers remain frugal despite improving employment and falling gas prices. Matt Shay, the trade group's CEO, said he thinks people benefiting from the recovery may not feel the need to fight crowds to get the deepest discount on a TV or toaster. And those who feel like the recession never ended may not have the money and will stretch out what they spend through Christmas. And shoppers are still feeling the effects of high food prices and stagnant wages. "While they're more optimistic, they're very cautious," Shay said. "If the deals are not right for
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NEW YORK (AP) — Black Friday fatigue is setting in. 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. Early discounting, more online shopping and a mixed economy meant fewer people shopped over Thanksgiving weekend, the National Retail Federation said Sunday. 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. Part of the reason is that Target, J.C. Penney, Macy's, Wal-Mart and other major retailers pushed fat discounts as early as Halloween. Some opened stores even earlier on Thanksgiving. All that stole some thunder from Black Friday and the rest of the weekend. Still, the preliminary data makes retailers worried that shoppers remain frugal despite improving employment and falling gas prices. Matt Shay, the trade group's CEO, said he thinks people benefiting from the recovery may not feel the need to fight crowds to get the deepest discount on a TV or toaster. And those who feel like the recession never ended may not have the money and will stretch out what they spend through Christmas. And shoppers are still feeling the effects of high food prices and stagnant wages. "While they're more optimistic, they're very cautious," Shay said. "If the deals are not right forfrom Top News on RSS Feeds http://ift.tt/1vG1tLm
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