Black Friday shopping sets new records
Shopping sales over the Black Friday set new records despite declining shopper traffic. ShppperTrak reported that weekend sales increased 1.6% but that shopper traffic declined 1.1%. Spending on Black Friday reached $10.66 billion for a new record.
“The bottom line is, retailers saw a slight sales increase with a minimal traffic decrease, both of which are tremendous improvements over sales and traffic levels we saw through 2009 prior to the holidays,” a ShopperTrak, a Chicago-based company, report said.
Consumer shopping data shows that electronics and jewelry were among the highest selling items with a decline in sales of apparel and luxury items.
