Bloomberg (November 26)
2010/ 11/ 28 by jd in Global News
“Black Friday” sales edged up just 0.2%. That figure may understate holiday spending. This year, many retailers began Christmas promotions before Thanksgiving. Sales during the first two weeks of November rose about 6.1%. This may explain why sales were up so little on the day after Thanksgiving when retailers traditionally move into the black and begin turning a profit for the year. Bloomberg notes that “estimates for holiday sales vary from little changed to increases of as much as 4.5 percent.”
Tags: Consumer sales, Forecast, Holiday sales, U.S.