I did NOT get out in the Black Friday chaos but the Associated Press reports that the number of customers visiting stores were up from last year as well as spending online. But there is one worry: Is everyone already done with their shopping?
“Holiday spending appears to be off to a respectable start, with shoppers crowding stores and malls in bigger numbers than last year on Friday and maintaining steady traffic the rest of the weekend.”
“Add in strong spending earlier in the month and robust sales online, and retailers are feeling encouraged. That’s particularly true because shoppers also scooped up fashion and other items for themselves, though mostly where they saw bargains. The question remains how many dollars shoppers are prepared to spend before Dec. 24 in an economy that’s still bumpy.”
“Discounts, particularly early-morning specials, were deep enough that many shoppers say they bought more than they had planned. But some say that means they’re done, and they spent less than last year….”
“Earlier buying in November also stole some sales away from the day, said ShopperTrak co-founder Bill Martin. But 2.2 percent more customers came into stores on Black Friday compared with the same day last year. The research firm tracks sales at stores in shopping malls, not big discounters like Wal-Mart and Target, which draw much Black Friday spending.”
“The National Retail Federation trade group estimated on Sunday that 212 million shoppers visited stores and websites over Black Friday weekend, up from 195 million last year, according to a survey it conducts.”
“A fuller picture on spending will come Thursday when retailers report November revenue figures.”
“Online, spending rose more than 14 percent from Thanksgiving Day through Saturday, according to IBM’s Coremetrics. The average order rose 14 percent and the number of items per order grew 15 percent, fueled by shoppers taking advantage of deals on Black Friday.”
“Online research firm comScore Inc. reported late Sunday that online spending for the first 26 days of November rose 13 percent to $11.64 billion, compared with the same period a year ago. On Thanksgiving Day, traditionally a lighter day for online spending, e-commerce sales rose to $407 million, up 28 percent from the year-ago period. That was helped by more stores pushing exclusive deals. Online spending is still a relatively small piece of the holiday pie, between 8 and 10 percent by various estimates.”
“Clearly, shoppers’ approach to the holidays has shifted, shaped by the stores themselves. While Black Friday is expected to be the busiest day of the year, more spending was pulled forward as stores from Best Buy to Sears promoted discounts on holiday items earlier in the month, often pitching them as “Black Friday doorbusters” weeks before the real thing. More stores opened on Thanksgiving, too.”
” ‘You are going to have to look at the overall month, instead of just Black Friday,’ said Laura Gurski, retail practice leader at A.T. Kearney.”
I did shop on Saturday and Sunday and finished most of the kids’ stuff and Michael’s stuff. I still need to do my parents, my godmother, my Godson, Michael’s family and the teachers. (I bought my niece and nephew’s stuff a few months back.) We cut back last year and are spending even less this year.
So did you shop this weekend? Are you shopping today online? Are you done? Did you spend more or less than last year?
(I have two blogs up this morning. Check out a full listing for the ABC Family’s “Countdown to 25 Days of Christmas” so you can set your DVR!)
54 comments Add your comment
dagnabit
November 30th, 2010
6:11 am
Yes !!! I began buying christmas gifts Labor day weekend and finished up half way through november.
Denise
November 30th, 2010
9:53 am
@Deidre_NC…if you can pick off the angel tree you are not broke, you just have your priorities IN ORDER and your heart in the right place! :-)
And I love the fact that you give your grandchildren books. I go wild in a bookstore. On my list for the girl I was assigned to buy gifts for with my Sorority was “book” and I bought 3 and gave her one of mine. When my nephew put a book on his Christmas list, I bought a SET of them. See, this is ANOTHER reason this “gift of nothing” bites. I usually get a good book from my father/bonus mother for Christmas. I also find Daddy good books too.
motherjanegoose
November 30th, 2010
12:38 pm
@ Denise…I am proud to tell you that when my kids were small and whenever we went on vacation
THEY ALWAYS WANTED TO VIST THE LOCAL BOOKSTORE! No souveiniers ( sp) for them…they wanted to see if there were any good books they needed to see.
When we were in Maui, 2 years ago, our last stop before the airport was at Barnes and Noble for the long flight back!
I love books too and have $600 plus credit at the Books for Less here by the mall. I will never use it up as it goes to half credit towards any purchase of a used book but I am always bringing in more when I visit! I am always reading a book!
Denise
November 30th, 2010
1:09 pm
@MJG – I had to get a Kindle because I’m being run over by books! If your “kids” are still in love with reading you may want to invest in one for them. The only bad thing is that they can’t share books unless they want to give up the Kindle. I REFUSE!!! I will buy paper copies of books that I might want so share. MAYBE! :-) I bought books from the Science Museum in San Fran for my nieces. We’ll see how excited they are about them. They are 3 but the books have butterflies, lady bugs, etc. I’m trying to pass on the love of reading.