SNEWS, the leading trade news service for the US outdoor and fitness market (www.snewsnet.com), recently took a look at how retail fared over the long Thanksgiving holiday weekend, considered to be the official kick-off of the US holiday shopping season. The European Outdoor Group is excerpting it here with permission.
Black Friday arrived almost as soon as the turkey was consumed for some shoppers, with stores opening even earlier than ever this year. Retailers were nervous and consumers were, it appears, very eager to shop as long as shopping involved a bargain price for great product. According to the National Retail Federation (NRF), Black Friday did not disappoint in terms of the numbers of shoppers, but folks were keeping a tight rein on their wallets. In its Black Friday summary report released on November 29, NRF stated 195 million shoppers visited stores and websites over Black Friday weekend, up from 172 million in 2008. However, as expected, average spending dropped from USD$372.57 in 2008 to USD$343.31 this year. Total spending reached USD$41.2 billion. (more…)