USA – Black Friday got a little blacker for retailers. Sales were down about 1.8% from last year while foot traffic shot up 3.5%.
You can thank thanksgiving for the dip in Black Friday sales. Retailers like Sears, Target, and Walmart kicked off the shopping season early with door buster deals on Thanksgiving.
No word yet on why the foot traffic was up.
But it’s not all bad news, from a retail perspective at least. ShopperTrak estimated that people shelled out $11.2 billion this year on Black Friday.
Plus, retailers get an extra two days of the shopping season. Last year, thanksgiving fell on November 24th. This year, it was on the 22nd.
‘Tis the season…