Robust Sales for Holiday Weekend (credit card, stores, Walmart, deals)
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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
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.
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.
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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