Black Friday, the day after Thanksgiving is traditionally the busiest of the year for retailers, it's the launch of holiday season selling. Chicago based research firm, ShopperTrak, reports Black Friday 2010 sales were up just 0.3 percent versus the same period in 2009, even though there was record spending for the day. Consumers spent $10.69 billion this year, in 2009 they spent $10.66 billion; a 0.5 percent increase over 2008.
Many U.S. retailers' tried to get customers in the gift-shopping mood before Black Friday this year. According to ShopperTrak, early holiday sales and promotions elevated sales and traffic for the first two weeks of this month through Nov. 13 by an average of approximately 6 percent versus the same two week period in 2009. Read more »