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Entries in Figures (3)

Sunday
Nov282010

Number of Shoppers, Average Spending Up Black Friday Weekend

Photo Courtesy - Getty Images(WASHINGTON) -- A trade group that represents the nation’s big chain stores and some local retailers says shopping over the Black Friday weekend has shown improvement over last year.

Estimates from the National Retail Federation indicate that some 212 million shoppers will have visited the nation’s stores between Thursday and Sunday, up from 195 million last year.

The NRF says it believes the average spent by consumers increased as well, up 6.4 percent to $365.34. Total spending topped $45 billion, according to the group.

“While Black Friday weekend is not always an indicator of holiday season performance, retailers should be encouraged that a focus on value and discretionary gifts has shoppers in the spirit to spend,” said NRF President and CEO Matthew Shay.

Copyright 2010 ABC News Radio

Saturday
Nov272010

Black Friday Crowds Larger than Last Year's

Photo Courtesy - Getty Images(NEW YORK) -- Major stores like Best Buy, Sears, Macy's and Toys R Us report bigger Black Friday crowds than last year. So do major mall operators. And in a sign that could be encouraging, retailers say they noticed shoppers not just buying for others, but treating themselves, as well.

There was a bit too much enthusiasm in some parts as malls opened early Friday. A New York man is recovering after shoppers trampled him when a Target store in Buffalo let customers in at 4 a.m. In Grand Chute, Wis., police were called when shoppers tried to plow into a Toys R Us with carts. 

The National Retail Federation has said up to 138 million people could hit stores during the post-Thanksgiving holiday weekend and has forecast a 2.3 percent increase in sales during November and December as retailers look for their best holiday season in three years.  Internet research firm Coremetrics reports a 16 percent increase in online sales during the the launch of the holiday shopping season.

Copyright 2010 ABC News Radio

Monday
Nov152010

October Retail Sales Rise More Than Forecast

Photo Courtesy - ABC News(WASHINGTON) -- Shoppers opened their purses more than expected in October, as retail sales climbed 1.2 percent, the most in seven months. The rise in consumer purchasing was the biggest gain since March, the U.S. Commerce Department said Monday. The October number was strong compared with the 0.7 percent jump most economists were expecting.

Americans are shopping again, which means the sputtering economic recovery is getting a much-needed jolt. Companies are capitalizing on the shopping spirit, offering incentives to get customers to spend. Just this week, Wal-Mart announced it will offer free shipping on some 60,000 items over the holidays.

The retail industry is on the path to hiring the most seasonal workers since 2006. In October alone, stores hired 150,900 workers, according to global outplacement firm Challenger, Gray & Christmas, Inc. That's three times more jobs than last year at this time, when just 47,600 holiday jobs were added.

Copyright 2010 ABC News Radio







ABC News Radio