27 Nov '11, 12am

Record US retail sales on Black Friday: estimates

Record US retail sales on Black Friday: estimates

WASHINGTON: US retail sales on Black Friday hit a new record for the start of the holiday shopping season that follows Thanksgiving, according to early estimates published Saturday. Sales hit $11.4 billion, up 6.6 percent compared to last year, and the biggest dollar amount ever spent on Black Friday, Chicago-based research firm ShopperTrak said in a statement. It was the largest year-on-year gain since an 8.3 percent increase in sales between 2006 and 2007, the firm said. Foot traffic in stores was up 5.1 percent compared to Black Friday 2010. "Black Friday is the biggest shopping day of the year and the traditional start to the holiday shopping season," said ShopperTrak founder Bill Martin. "Despite our sluggish economy, shoppers proved they are looking for value and ready to buy if given a good customer experience." But the company warned: "Still, it's just one day. It ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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US retail sales on #BlackFriday hit new record of $15 billion, up 6.6% from last year: Estimates

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