Holiday weekend yields $22.8 billion in sales

With the holiday weekend behind us, the National Retail Federation added up the nation's receipts and reported that retailers had a blockbuster weekend which added up to $22.8 billion in sales, representing more than 10 percent of the $220 billion in sales projected for the full holiday season.

With the holiday weekend behind us, the National Retail Federation added up the nation's receipts and reported that retailers had a blockbuster weekend which added up to $22.8 billion in sales, representing more than 10 percent of the $220 billion in sales projected for the full holiday season. Over the weekend, 133 million shoppers flooded stores across the country, spending on average $265.15 per shopper, according to a NRF survey conducted by BIGresearch.

Although "Black Friday" -- the day after Thanksgiving so dubbed because it's traditionally when most big retailers turn a profit for the year and go "into the black" -- was a success for many retailers, stores recognize that the bulk of holiday shopping is yet to come.

"Retailers know that the holiday season is not a sprint, it's a marathon," said NRF President and CEO Tracy Mullin. "Black Friday weekend is just the beginning of a month-long race to the finish line."

NRF said Friday was the biggest shopping day with 64.6 percent of shoppers, but consumers were also out on Saturday (54.1 percent) and Sunday (25.3 percent). Also, 9 million people got a head start on the crowds by shopping on Thanksgiving Day.

Visa USA reported spending on its cards Friday and Saturday was $7.4 billion, a 14.3 percent increase over the same days last year. MasterCard processed 35.1 million transactions, 10 percent more than on the same day in 2003.

Historically, the post-Thanksgiving weekend isn't especially strong for online spending because so many people are out in stores. The busiest shopping day on the Web, according to Verisign, is the Monday after Thanksgiving, when consumers get back to their high-speed, broadband Internet connections at the office.

But the weekend's online sales weren't too shabby as consumers spent $250 million online on Friday, a 41 percent increase over the $174 million they spent online on the same day a year ago, according to ComScore Networks, a Reston, Va., company that tracks website activity. For the November/December holiday season, online spending is expected to surpass $15 billion -- marking as much as a 26 percent increase over last year, ComScore said.

NRF said that a variety of retailers benefited from favorable weather and heavy discounting this weekend. According to its survey, the majority of shoppers headed to discounters (61.8 percent) though department stores (44.3 percent) and specialty stores (40.5 percent) also saw strong traffic.

As of Sunday, Nov. 28, the average person has completed 36.8 percent of his or her holiday shopping. Only one in 12 consumers (8.3 percent) is finished with holiday shopping.



Black Friday traffic, holiday sales to increase, experts say

Black Friday traffic is expected to be especially heavy this year, kicking off a slightly stronger holiday shopping season, according to several retail experts and recent sales forecasts. “It’ll be a madhouse, like nothing we’ve ever seen before,” C. Britt Beemer, founder of more


Holiday retail sales projected to rise about 2 percent

Storeowners should feel a bit more cheer this holiday season, as experts are projecting stronger retail sales than last year, though the gains will be modest as the recession will continue to limit consumer spending.  The National Retail Federation ( announced on Oct. more

Fitness holiday sales outcome up for grabs

With somewhat conflicting reports about Black Friday and holiday sales, SNEWS recently caught up with some specialty fitness equipment retailers across the country to get their take. Seems that many are hedging their bets. "The customer is tentative, and sales this season have more

Planalytics' indicators predict increased holiday sales

Starting with Black Friday and continuing through Christmas, the coming holiday shopping season will, as a result of better weather conditions than last year, show improved store traffic and a resulting sales increase over last year's numbers, according to an Oct. 19 Planalytics more

Outdoor financials: Outdoor Channel reports Q1 net loss, plus Gregory-parent to be acquired for $4.1 billion, Deckers, NRF reports weak April retail sales

Outdoor Channel reports Q1 net lossOutdoor Channel Holdings (Nasdaq: OUTD) reported that revenues increased 5.6 percent in the first-quarter of 2007, rising from $11.3 million in the prior-year period to $11.9 million. The company reported a net loss of $62,000 for the quarter, more

NRF foresees challenging holiday season, forecasts 2.2 percent sales gains

Washington, September 23, 2008 -- The National Retail Federation today released its forecast for the upcoming 2008 holiday season, projecting that sales will rise 2.2 percent this year to $470.4 billion.* This gain would fall well below the ten-year average of 4.4 percent holiday more

Consumers to Spend a Total of $24.81 Billion on Gift Cards This Holiday

Washington, DC, — As their popularity continues to rise, retailers can expect to see a surge in gift card sales this holiday season. The fourth annual National Retail Federation (NRF) Gift Card Survey, conducted by BIGresearch, found that gift card sales will total $24.81 more


Key strategies to prep for holiday sales success

Consumers are cautiously optimistic entering the 2010 holiday shopping season, according to the general consensus, so now is the time to strategize for this all-important season, developing a plan of attack and contingencies in advance. In its “2010 Consumer Shopping Habits more


Economic Update: Holiday sales to be up, down, or even – how reassuring

Consumer spending accounts for about 70 percent of the U.S. economic activity, and until consumers begin to spend again, any signs of an economic recovery will be muted. That means holiday spending forecasts have taken on a new level of importance. Trouble is, predictions are all more