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Old 11-29-2010, 11:29 AM
 
Location: Portland, Oregon
5,213 posts, read 7,358,711 times
Reputation: 3616

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Spending appeared to be on discretionary items, not bargain basement items. Lots of shoppers were spending for personal use other than buying gifts for others. Online purchasing reached an all-time high while in store sales increased to only 0.3%. Retail promotions offered earlier in the month have diminished the importance of Black Friday. People were not just looking for deals especially at the Apple Stores as cited in the article. When final numbers are published on Thursday we'll have an accurate assessment of sales for the holiday weekend.
Clip:
The average amount spent per person from Thursday to Sunday was about $365, more than a 6 percent increase over last year, according to a survey of about 4,300 Americans by the National Retail Federation, a trade group that reported results on Sunday afternoon.
And an estimated 212 million people shopped, up from 195 million last year. That is the highest number of Thanksgiving weekend shoppers since the first survey in 2004.
http://www.nytimes.com/2010/11/29/bu...gewanted=print
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Old 11-29-2010, 11:33 AM
 
2,995 posts, read 3,109,350 times
Reputation: 1127
would love to know how many of the 212 millions have credit card debt over 10k, 25k, or 50k or more.
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Old 11-29-2010, 02:19 PM
 
Location: Raleigh, NC
20,000 posts, read 16,130,035 times
Reputation: 3768
Ugh, once again I'll have to tell the overextended consumers "I told you so" to their faces just like I did back in 2008.
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Old 11-29-2010, 02:42 PM
 
6,039 posts, read 9,638,417 times
Reputation: 3956
It wasn't a "robust" weekend, it was an okay weekend. Yes, it was up from last year, but it still wasn't great.
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Old 11-29-2010, 02:49 PM
 
Location: South Fla
9,644 posts, read 8,804,218 times
Reputation: 1942
Quote:
Originally Posted by cw30000 View Post
would love to know how many of the 212 millions have credit card debt over 10k, 25k, or 50k or more.
I went shopping on black Fri, I didnt buy much less then 200.00 for some basic things around the house, replacing a toaster oven and a crock pot and some other little things.

I have 0 credit card debt.
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Old 11-29-2010, 02:55 PM
 
Location: Albuquerque, NM
13,292 posts, read 13,133,403 times
Reputation: 6639
How is this controversial, or what does it have to do with politics?
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Old 11-29-2010, 03:03 PM
C.C
 
2,235 posts, read 2,118,137 times
Reputation: 461
Wow, I didn't help the average - I grabbed the $69 WiFi Blu-ray player at Walmart, but that's it. I had the $39 500GB portable HD in my cart, but decided I didn't really need another semi-obsolete USB 2.0 device, no matter how cheap.
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Old 11-29-2010, 03:20 PM
C.C
 
2,235 posts, read 2,118,137 times
Reputation: 461
Quote:
Originally Posted by filihok View Post
How is this controversial, or what does it have to do with politics?
Well, let's see - if it weren't for Obamanomics and Obamacare, I would have had a lot more to spend - how's that?
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