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Thanksgiving Steals Sales from Black Friday

From The Curious Capitalist
November 25, 2012 - 1:30pm
Thanksgiving shopping took a noticeable bite out of Black Friday’s start to the holiday season, as the latest survey found retail sales in stores fell slightly from last year. Saturday’s report from retail technology company ShopperTrak finds consumers spent $11.2 billion at stores across the U.S. That is down 1.8 percent from last year’s total. This year’s Friday results appear to have been tempered by hundreds of thousands of shoppers hitting sales Thursday evening while still full of Thanksgiving dinner. Retailers including Sears, Target and Wal-Mart got their deals rolling as early as 8 p.m. on Turkey Day. (MORE: 8 Black Friday Mistakes You Can’t Afford to Make) Online shopping also may have cut into the take at brick-and-mortar stores: IBM said online sales rose 17.4 percent on Thanksgiving and 20.7 percent on Black Friday, compared with 2011. Yet ShopperTr...

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