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Who said credit is tight ?
Who said the "consumer" is holding back and saving their money ?
Who said we have an economic crisis ?
Who said we're in a recession ?
Phooey..the American consumer lives and spends more than last year.
Why that figure is a bailout or two for some banks.
"Sales on the day after Thanksgiving rose to $10.6 billion, according to preliminary figures released Saturday by ShopperTrak RCT Corp., a Chicago-based research firm that tracks sales at more than 50,000 retail outlets.
Last year, shoppers spent about $10.3 billion on the day after Thanksgiving, dubbed Black Friday because it was historically the sales-packed day when retailers would become profitable for the year."
Maybe they all shopped on the credit cards they hope the government will have to bail out.
As for me, this year is strictly cash and will be a little less flashy than previous holiday seasons.
Well; they al;so say that savings are up from a negative rate to 3% this last report.But then peole have stopped buyign many big ticket items such as cars ;so this leaves more money to spend otherwise ;I guess. Their gasoline cost are also lower but even then they say alot less peole travled. My guess is that peole are just adjusting their spending.
I actually spent $350 or so yesterday. There was some good deals on a few things. At target I got a Xbox 360 Pro with 2 games for $240.
Regardless, credit is tightening, consumers are saving more, we do have an economic crisis etc.
What happens on a single day doesn't mean much at all. Any increase is likely do to better bargains and increased traffic. A more meaning figure would be how much it increased per capita.
I think overall holiday sales will be a little lower but not MUCH lower. This news is encouraging, isn't it? I'm still not spending a dime for the holidays, but I think the public at large sees this year as pretty much a normal year. Most of my family doesn't know anything about any downturn o recession.
Some people will just say that the public is going into more debt and that this news just points even more toward a total collapse next year...
Pretty encouraging. I suspect the big gas savings over the past 3 months helped some people spend a little more. Just keep watching those unemployment numbers, if they get much worse we are in trouble but this was good news.
I actually spent $350 or so yesterday. There was some good deals on a few things. At target I got a Xbox 360 Pro with 2 games for $240.
Regardless, credit is tightening, consumers are saving more, we do have an economic crisis etc.
What happens on a single day doesn't mean much at all. Any increase is likely do to better bargains and increased traffic. A more meaning figure would be how much it increased per capita.
Uh;a 3% increase over last year isn't anyhtign to sneeze about.It was a sign that people are willing to spend and at least think they have more money. The savings is also very encouraging.Ohterwise you can ignoire all the bad numbers too. Certianly a reprise over all the doom and gloom predict of the spending on Friday.Seems some only like bad news.
We might find that a lot of people are actually getting Christmas gifts on black friday this year and won't be doing much more shopping later in the season?
If I had any money I might have considered doing that lol.
Also, maybe it's just me but I've never seen "black friday" advertised and promoted so much as it was this year, with such deeply discounted items. The ads were everywhere. Maybe I just never noticed in the past.
It doesn't mean anything other than people were saving up for the sales. How will the holiday shopping season look as a whole? Wait and see.
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