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Black Friday Blows It...

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November 30, 2009 – Comments (5)

It's good to know a lot more people packed the malls for Black Friday this year than last, but the wintery chill is that they spent less (and that's what a lot of us were mulling last week when wondering how it would go -- the reality that many consumers simply can't spend much this year). At any rate, I followed up on the Black Friday data for Fool.com today: Retailers Drop a Black Friday Bomb.

5 Comments – Post Your Own

#1) On November 30, 2009 at 5:08 PM, davejh23 (< 20) wrote:

The weekend's sales weren't as bad as they could have been, but some analysts are still predicting a drop in sales from last year.  Retailers that think that strong sales through the next few weeks will make up for worse than expected Black Friday sales are going to be disappointed.  Many shoppers are looking for discounts online this year, and many shoppers are just finishing up their holiday shopping...not just getting started as retailers want to believe. 

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#2) On November 30, 2009 at 5:11 PM, USNHR (33.15) wrote:

Dave,

 I must admit, 95% of my Christmas presents are bought.

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#3) On November 30, 2009 at 5:27 PM, Melaschasm (55.11) wrote:

I do not know what other people were expecting, but I consider a slight year over year improvement the best that could be hoped for.

 

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#4) On December 02, 2009 at 2:15 PM, TMFLomax (40.58) wrote:

 davejh23

Interesting, wow... I didn't even think of the idea that maybe a lot of people might be already done with their shopping. That would certainly be a cold splash of water on those hoping a little more holiday spending cheer is going to be forthcoming. Yeah, what if Black Friday weekend was the peak? Egads.

USNHR

95%? I'm jealous. ;)

Melaschasm

You also have a point that a slight improvement in the overall weekend sales is not so bad given how difficult it is out there for so many consumers.

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#5) On December 06, 2009 at 4:47 PM, Teacherman1 (57.22) wrote:

Maybe they all stayed home and shopped on the internet. That's what I did.

My wife is doing her part for the economy, she is an "internet shop-a-holic".

Don't tell her I said that. 

Foolanthropy on. 

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