AP | By ANNE D'INNOCENZIO Posted: 12/01/2014 12:10 am EST
NEW YORK (AP) — Black Friday fatigue is setting in. Early discounting, more online shopping and a mixed economy meant fewer people shopped over Thanksgiving weekend, the National Retail Federation said Sunday.
Overall, 133.7 million people shopped in stores and online over the four-day weekend, down 5.2 percent from last year, according to a survey of 4,631 people conducted by Prosper Insights & Analytics for the trade group. Total spending for the weekend is expected to fall 11 percent to $50.9 billion from an estimated $57.4 billion last year, the trade group estimated.
Shopping No More....Did Ferguson cause impact? |
Still, the preliminary data makes retailers worried that shoppers remain frugal despite improving employment and falling gas prices.
Matt Shay, the trade group's CEO, said he thinks people benefiting from the recovery may not feel the need to fight crowds to get the deepest discount on a TV or toaster. And those who feel like the recession never ended may not have the money and will stretch out what they spend through Christmas. more
No comments:
Post a Comment