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szdaily -> World Economy -> 
US Thanksgiving,Black Friday store sales fall
    2016-11-28  08:53    Shenzhen Daily

    SALES and traffic at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday declined from last year, as stores offered discounts well beyond the weekend and more customers shopped online.

    Internet sales rose in the double digits on both days, surpassing US$3 billion for the first time on Black Friday, according to data released Saturday.

    Preliminary data from retail research firm ShopperTrak showed that shopper visits to such stores fell a combined 1 percent during Thanksgiving and Black Friday when compared with the same days in 2015.

    The data highlights the waning importance of Black Friday, which until a few years ago kicked off the holiday shopping season, as more retailers start discounting earlier in the month and opened their doors on Thanksgiving Day.

    “We knew it (holiday season) was going to be off to a slow start,” Shelley Kohan, vice president of retail consulting at RetailNext, said.

    Net sales on Black Friday slid 10.4 percent forbrick-and-mortar chains, according to RetailNext. Still, total holiday season sales are expected to jump 3.6 percent to US$655.8 billion this year, according to the National Retail Federation, due to a tightening job market. Unemployment rates hit their lowest in eight years in October and hourly wages this year saw their biggest increase since 2009, boosting consumers’ confidence and spending.

    Consumers are expected to spend US$636 on average on holiday purchases this year, up 3 percent from their 2015 spending plans, according to NPD.

    Thanksgiving and Black Friday online sales tracked by Adobe Digital Index were US$5.27 billion, up 18 percent from a year earlier and higher than its prior estimate of US$5.05 billion.

    Black Friday sales rose 21.6 percent to US$3.34 billion, with purchases made on mobile devices contributing more than US$1 billion in revenue, both record sales for the day.

    (SD-Agencies)

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