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December 18, 2014

Black Friday Sales Dissapoint FALLS 11% AS ,Relaters fail to enthuse consumers

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Retailers brick and mortal sales down 8%

 US BLACK FRIDAY 2014 RETAIL SALES DISSAPOINT


BBC News - US Black Friday sales fall 11% on sluggish demand: "US retailers reported sluggish Black Friday spending, with sales falling 11% from the same period last year, according to the National Retail Federation (NRF).

US consumers spent on average $380.95 per person, down 6.4% from a year ago. The NRF attributed the decline to shifting consumer habits, such as earlier promotions and the growth of online shopping."

However Online Sales  grew by Up 8.5% over 2013, as Mobile Shopping  giving huge push to online shoppingAccording to  to ShopperTrak,  Black Friday shopping at brick-and-mortar stores in the United States was down about 7 percent from a year , with Friday store sales hiting $9.1 billionOverall, total holiday weekend sales were estimated to be $50.9bn.