Black Friday, Cyber Monday sales fall

This one is for Scott


Once Upon A City: Homeless battled unsafe shelters during the Great  Depression | The Star

Sales slumped over the Black Friday weekend compared to the same period last year.

About 186 million people bought something online or in stores from Thanksgiving through Cyber Monday, a slight dip from 190 million in 2019, the National Retail Federation said Tuesday.

The average shopper spent $312 this year, down from $362 last year.

The numbers over the weekend that marks the start of the holiday shopping season signaled possible trouble ahead due to the coronavirus pandemic.

“It’s going to be a tough holiday season for most retailers,” said Paula Rosenblum, managing partner at RSR Research. “Target, Walmart, grocers, and sporting goods stores are cleaning up, but hundreds of thousands of independent retailers have already gone out of business. Things are going to get worse before they get better.”

%d bloggers like this: