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Author Topic: US shoppers spent less over Black Friday weekend  (Read 3532 times)

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Offline BlueStateSaint

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US shoppers spent less over Black Friday weekend
« on: November 30, 2009, 04:47:30 AM »
SAN FRANCISCO/CHICAGO, Nov 29 (Reuters) - U.S. consumers spent significantly less per person at the start of the holiday season this weekend, dimming hopes for a retail comeback that would help propel the economy early in 2010.

The lackluster spending could pressure retail stocks on Monday as some investors were looking for a stronger showing compared with a year earlier, when consumers were being hammered by the recession and credit crunch.

"There may be a bit of a pullback, a little disappointment," said Patricia Edwards, chief investment officer at Storehouse Partners.

While shoppers turned out in force as early as U.S. Thanksgiving Day on Thursday, many said they had zeroed in on highly discounted items, would buy only what they needed and would walk out of a store if they did not find a good deal. "Shoppers proved this weekend that they were willing to open their wallets for a bargain," said National Retail Federation Chief Executive Tracy Mullin in a statement on Sunday. Retail chains "know they have their work cut out for them to keep people coming back through Christmas."


The particular piece on Drudge that I got this from is the fourth update.

Now, about that "recovery" . . .

The rest of the article is here:

http://www.reuters.com/article/marketsNews/idUSN2940861120091130
« Last Edit: December 01, 2009, 04:03:07 AM by Chris »
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Offline thundley4

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Re: US shoppers spent less over Black Friday weekend
« Reply #1 on: November 30, 2009, 05:11:29 AM »
I bought cigarettes this weekend, that was my total shopping.
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Offline DefiantSix

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Re: US shoppers spent less over Black Friday weekend
« Reply #2 on: November 30, 2009, 07:46:04 AM »
Quote from: thundley4 on November 30, 2009, 05:11:29 AM
I bought cigarettes this weekend, that was my total shopping.

I bought $110 worth of gas to get down to Arizona on Wednesday (night/Thursday morning) and about the same to get home again Saturday.

I wouldn't shop on Black Friday if somebody Lord Ø put a gun to my head.
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Offline NHSparky

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Re: US shoppers spent less over Black Friday weekend
« Reply #3 on: November 30, 2009, 08:23:32 AM »
Did all of my shopping Thanksgiving Day.  Spent a total of $100.  There, I "stimulated" the economy.
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Offline DixieBelle

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Re: US shoppers spent less over Black Friday weekend
« Reply #4 on: November 30, 2009, 08:52:34 AM »
Quote
While shoppers turned out in force as early as U.S. Thanksgiving Day on Thursday, many said they had zeroed in on highly discounted items, would buy only what they needed and would walk out of a store if they did not find a good deal. "Shoppers proved this weekend that they were willing to open their wallets for a bargain," said National Retail Federation Chief Executive Tracy Mullin in a statement on Sunday. Retail chains "know they have their work cut out for them to keep people coming back through Christmas."

Yeah. As it should be and hopefully will remain.
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Offline Celtic Rose

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Re: US shoppers spent less over Black Friday weekend
« Reply #5 on: November 30, 2009, 08:57:19 AM »
Quote from: thundley4 on November 30, 2009, 05:11:29 AM
I bought cigarettes this weekend, that was my total shopping.

I bought a couple things from my church bookstore. 
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Offline cottondress

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Re: US shoppers spent less over Black Friday weekend
« Reply #6 on: November 30, 2009, 09:24:32 AM »
I have not started yet...procrastinator
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Offline SilverOrchid

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Re: US shoppers spent less over Black Friday weekend
« Reply #7 on: November 30, 2009, 09:28:51 AM »
I am doing my shopping online. I hate crowds.
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Offline Peter3_1

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Re: US shoppers spent less over Black Friday weekend
« Reply #8 on: November 30, 2009, 10:04:01 AM »
On line sales were $500 million. Expected $800 milliom more this week. Doing my remaining shopping on line too......
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Offline Chris_

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Re: US shoppers spent less over Black Friday weekend
« Reply #9 on: November 30, 2009, 10:17:08 AM »
My store did 22% better than last year...
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Offline littlelamb

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Re: US shoppers spent less over Black Friday weekend
« Reply #10 on: November 30, 2009, 08:58:58 PM »
Would have done more shopping but I was broke
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Offline DefiantSix

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Re: US shoppers spent less over Black Friday weekend
« Reply #11 on: November 30, 2009, 09:14:49 PM »
Quote from: littlelamb on November 30, 2009, 08:58:58 PM
Would have done more shopping but I was broke

What?!?!  In this WONDERFUL Ø-conomy?  Where's your hope and change, and your hope FOR change?   :evillaugh:
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Offline diesel driver

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Re: US shoppers spent less over Black Friday weekend
« Reply #12 on: December 01, 2009, 12:58:24 AM »
Quote from: DefiantSix on November 30, 2009, 09:14:49 PM
What?!?!  In this WONDERFUL Ø-conomy?  Where's your hope and change, and your hope FOR change?   :evillaugh:

I'm out of hope, and what little change I have in my pocket goes to buy gas, to cut firewood to heat my house....   :lmao:

Btw, I had to eat my pony.  What did the rest of you do with yours?
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Offline DixieBelle

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Re: US shoppers spent less over Black Friday weekend
« Reply #13 on: December 01, 2009, 02:33:40 PM »
I'm STILL waiting for my pony!!
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I can see November 2 from my house!!!

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Forget change, bring back common sense.
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No, my friends, there’s only one really progressive idea. And that is the idea of legally limiting the power of the government. That one genuinely liberal, genuinely progressive idea — the Why in 1776, the How in 1787 — is what needs to be conserved. We need to conserve that fundamentally liberal idea. That is why we are conservatives. --Bill Whittle

Offline Mike220

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Re: US shoppers spent less over Black Friday weekend
« Reply #14 on: December 01, 2009, 04:20:21 PM »
Quote from: DixieBelle on December 01, 2009, 02:33:40 PM
I'm STILL waiting for my pony!!

I'm still waiting for my GI Bill.  :censored:

A pony would be a nice diversion...  :uhsure:
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Offline NHSparky

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Re: US shoppers spent less over Black Friday weekend
« Reply #15 on: December 01, 2009, 04:30:44 PM »
Quote from: Mike220 on December 01, 2009, 04:20:21 PM
I'm still waiting for my GI Bill.  :censored:

A pony would be a nice diversion...  :uhsure:

I found when you put it on a BBQ with some mesquite chips and a side of A1 sauce, it actually isn't too bad.
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Offline DefiantSix

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Re: US shoppers spent less over Black Friday weekend
« Reply #16 on: December 01, 2009, 04:42:37 PM »
Quote from: NHSparky on December 01, 2009, 04:30:44 PM
I found when you put it on a BBQ with some mesquite chips and a side of A1 sauce, it actually isn't too bad.

How do you keep the high pitched neighing as you cook it from disturbing the neighbors?   :fuelfire:
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