Investors took a dim view of holiday retail sales after a weak Black Friday weekend, with Amazon.com Inc one of the few stocks to rise on hopes it was gaining a greater share of consumer spending.
Cash was king for consumers who shopped over the Thanksgiving weekend, according to survey results released on Sunday, and that factor could have cost retailers additional sales.
Cash was king for consumers who shopped over the Thanksgiving weekend, according to survey results released on Sunday, and that factor could have cost retailers additional sales.
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.
Holiday shopping online hit a record for Black Friday, several days before the retail industry-coined Cyber Monday gets underway, as more consumers said they used the web to seek deals.
Holiday shoppers in the United States spent some $595 million online on Black Friday, up 11 percent from last year, with Amazon.com and Walmart.com the most visited sites, according to analytics firm comScore.
Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to protect margins against tepid results.
Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to protect margins against tepid results.
In a worrisome sign for retailers, data released on Saturday showed that sales rose a scant 0.5 percent on the traditional kickoff to the holiday shopping season despite early signs of a strong showing.
Black Friday sales rose just 0.5 percent to $10.66 billion after rising 3 percent in 2008, ShopperTrak said on Saturday, a rise that may disappoint investors who had expected retailers to see a bigger boost this year.
A focus on bargains pulled U.S. shoppers into stores and onto websites over the Thanksgiving holiday weekend, but many said they would stick to their budgets and avoid purchases if they couldn't find a good deal.
U.S. consumers turned out in strong numbers to hunt for holiday bargains on Black Friday, though many said they were spending selectively and industry executives questioned whether the momentum would last.
Consumers found time this U.S. Thanksgiving Day to squeeze in a lot more holiday shopping online, in between spending time with family, watching football and feasting on turkey.
U.S. shoppers turned out in strong numbers at the start of the holiday season on Friday to hunt for bargains, though many said they were spending more selectively.
Americans headed to stores in droves to kick off the holiday shopping season on Friday, though many said they were being more selective about what they buy and paring back what they spend.
Americans headed to department stores in droves in the dead of night on Friday to kick off the holiday shopping season, though many said they had pared back how much they would spend on family members and on themselves.
U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008.
Up to 134 million U.S. consumers may shop for holiday gifts this Thanksgiving weekend, although most will check the bargains before venturing out, according to a survey released on Tuesday.
Black Friday 2009 deals are everywhere online and now Apple has jumped onto the retailer's haven bandwagon with its TGI Apple Black Friday 2009 specials. The Apple Black Friday 2009 Ad Flyer has been leaked online to BGR and according to the source, online shoppers are in for great deals.
Up to 134 million U.S. consumers could venture out to shop for holiday gifts this weekend, although many are testing the waters for bargains before they commit, according to a new report.
When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened, but even more bargain-hungry customers cross their thresholds.
When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.
