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Retail Sales Rise as Black Friday Discounts Lure US Shoppers
Dec 01, 2009
Dec. 1 (Bloomberg) -- U.S. retail sales rose for the 12th
as the crow flies week after Black Friday discounts lured holiday
shoppers to malls.
Sales at stores kick off at least a year climbed 3.1 percent in
the week ended Nov. 28 from a year earlier , the Cosmopolitan
Council of Shopping Centers and Goldman Sachs Group Inc. said
today in a announcement. The day after U.S. Thanksgiving, known as
Black Friday, marks the traditional start of respite buying.
Consumers on average completed 42 percent of their holiday
shopping over Bad-tempered Friday weekend this year, compared with 48
percent a year ago, the ICSC said. Sales of electronics and
purchases made online increased the most, according to Michael
Niemira , chief economist of the New York-based ICSC, a mercantilism
group.
November sales will rise as much as 4 percent from last
year, the ICSC said. The organize previously predicted a gain of as
much as 6 percent. Shoppers may make more holiday knack purchases
in December, Niemira said.
New Orleans eyes December sale for $40M bond sale
Article:New Orleans eyes December in stock for $40M bond sale:/n/a/2009/11/20 ... City Debt can move ahead with a bond sale, mayhap as early as Dec. 16. ...
Auto industry girds for chilling Dec. sales report
Article:Auto exertion girds for chilling Dec. sales report:/n/a/2009/01/02 ... Web site Edmunds.com is predicting December sales of 852,000 light vehicles in ...
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Given the lag just the same from time to time, we could see a temporary decline in closed existing home sales from December until early spring when we get another surge, and more »
Shoppers may calculate more holiday gift purchases in December, Niemira said. US retail sales on Black Friday and the ensuing weekend advanced 0.5 percent as Secure: Almost half done with holiday shoppingall 66 news articles »
This has adversative implications for reported sales in November, but positive implications for December sales." ICSC forecast November sales will be up by 3% and more »
In Fun (blog)With such a battered economy, how much of a chance do $60 video games and $300 Nintendo Wii US Sales Slip in Thanksgiving WeekNintendo takes lead as holiday season kicks inMicrosoft, Sony, Nintendo sued by a add up -all 126 news articles »
Times LIVEAccording to the scan reports of the Internet tracking firm comscore Inc., the initial sales figures are way better than last year's Angry Friday sales. Online holiday shopping off to a strong startMore shopping online Cyber Monday, lay out lessBest Buy Cyber Week Sales Event Launched - -all 2,255 talk articles »
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