Year&#39;s biggest shopping day leaves some retailers scratching heads
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According to local, state and national retailers and retail associations, the sales figures for the weekend - which included Black Friday, traditionally the year&#39;s biggest shopping day â-id not meet expectations.
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For those pushing their way through the Black Friday crowds on the year&#39;s busiest shopping day, this is the year they may resolve to join the record number of online shoppers.
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Retailers made up significant ground in the final week before Christmas after a lackluster start to the holiday shopping season, according to experts who track holiday spending.
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E-tailers have laggards and penny-pinchers to thank for last week&#39;s brisk sales, which grew 25 percent over the comparable period last year, according to comScore.Procrastinators and deal-seekers helped create a &quot;flurry&quot; of online spending last week in the U.S., keeping retail e-sales strong, comScore said Sunday.Between Nov. 1 and Dec. 21 -- the first 51 days of the holiday season -- U.S. shoppers have spent $26.3 billion online, up 19 percent compared with the corresponding period last year.So far, the heaviest online shopping day this season was Dec. 10, the so-called &quot;Green Monday,&quot; a term coined by eBay for the second Monday in December, which the vendor has identified as particularly heavy e-sales day. U.S. shoppers spent $881 million that day, up 33 percent from the corresponding day in 2006.By contrast, Cyber Monday, the first workday after the Thanksgiving holiday in the U.S., ranks as this holiday season&#39;s ninth heaviest online shopping day, with $733 million in sales. Cyber Monday is considered the day when holiday online shopping kicks into high gear.Overall, comScore expects this year&#39;s holiday season to generate about $29.5 billion in online spending, which would represent a 20 percent increase from the same period in 2006.
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If you venture out today, one of the busiest shopping days of the year, expect to see lots of people, few parking spaces -- and a fair number of mark-downs at big retailers.
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Economic pressures and online deals might have led consumers to sharply limit their trips to retailers in the week leading up to Christmas, data tracker ShopperTrak RCT said on Thursday.
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Across the country today, millions of Americans swarmed discount stores and filled downtown shopping districts to mark the start of holiday shopping season.
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Holiday shoppers were not spending as freely as expected, causing worry for many economists and investors.
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The nation's retailers remained on edge, as the much-hoped for sales bonanza appeared not to materialize on the last weekend before Christmas, despite an abundance of deals on toys and apparel.
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Retailers are still mulling the results from the first weekend of the holiday shopping season. But the outlook is still murky
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Sales on America's busiest shopping day of the year could exceed last year, retail experts believe.
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Americans stormed the nation&#39;s stores on the day after Thanksgiving, the traditional start of the key holiday shopping season, lured by cut-price toys, consumer electronics and Santa.
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A traditional day of feasting with family turned into a day of early holiday shopping for some, as retailers offered more options &#151; both online and in stores &#151; than ever this Thanksgiving.
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When the largest retailer in the world slashes its sales growth estimate during the holiday shopping season, it&#39;s time to sit up and take notice.
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The success of gift cards has extended the holiday shopping season -- but there's a hitch for retailers.
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The November sales results for a few retailers raise some questions.
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Gift cards were hot; department stores were not. The pricier the goods, the better they sold. American Eagle Outfitters was the store to shop; Aeropostale was so 2003. And for stores with all the wrong stuff, not even huge discounts saved Christmas.