Waco, Texas -- "Shoppers out in droves for Black Friday despite weakening economy." Waco shoppers Friday gave Scrooge the boot and thumbed their noses at a bad economy as they filled parking lots and even did some good-natured shoving as they entered stores en masse.
Nov. 29 (Bloomberg) -- U.S. holiday retail sales increased 3% yesterday from a year earlier, the smallest gain for a “Black Friday” in three years.
CNN - Holiday Shoppers Are Spending
Guardian -- Holiday Shopping Season Gets Lukewarm Start
MP: Isn't it interesting how the media reported the 3% increase in Black Friday sales? It got variously described as "consumers thumbing their noses at a bad economy," the "smallest gain in three years," "positive for merchants," and "lukewarm."
Since we're supposedly in the worst economic downturn since the Great Depression, it's suprising that Black Friday sales are up at all, and surprising that sales are expected to increase by 2.2% in 2008, close behind the 2.4% last year when the economy supposedly was not on the verge of falling into the Great Depression? What gives? Shouldn't any increase be considered good news?
Email Article
Send this article by email
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.