The Black Friday Report
So now that the Black Friday craze is over with. I wanted to check in with some analysts to see how the spending went this time around. With all the doom and gloom that has been spreading through the headlines this most recent finding brings some light to the end of the year.
Despite forecasts that economic fears would prompt consumers to sit on their wallets this holiday season, “Black Friday” sales at the nation’s retailers rose three percent over 2007, according to ShopperTrak, a provider of retail information.
The company’s Retail Traffic Index estimates cash registers nationwide rang up $10.6 billion in sales Friday.
This is a great sign that maybe the holiday shopping this year won’t be entirely abysmal. This is most likely due to the beginning of what looks like the start of stabilizing markets and the recent mass reduction of gas prices. With gas sitting around 1.60 in Texas, making transportation much easier. Though these numbers are good, history has told us you can’t rely on statistics to prove our future. However, with this knowledge maybe we will have a good return this holiday season.
