WASHINGTON — Retail sales in the U.S. dropped 11% on Black Friday, with consumers taking advantage of early online sales, the Toronto Star reports. According to the (U.S.) National Retail Federation, consumer spending dropped on the American Thanksgiving weekend for the second year in a row, falling from $57.4 billion last year to $50.9 billion. David Soberman of the University of Toronto’s Rotman School of Management explained to the Star that as e-retailers seek to hold their ground against deep discounts in brick and mortar stores, their extended sales diminish the one-day effect of Black Friday.
e-retailers win out on Black Friday
Most Recent
Most Read
Weyerhaeuser sales, earnings slip in Q2
Fri, July 26th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, July 26th, 2024
Canfor announces CEO succession
Thu, July 25th, 2024
West Fraser reverses Q2 loss
Thu, July 25th, 2024
Tractor Supply’s comp sales dip in Q2
Thu, July 25th, 2024
Loblaw turns in mixed Q2 results, strong online sales
Thu, July 25th, 2024
In memoriam: blues rock legend John Mayall
Thu, July 25th, 2024
Barcodes turn 50
Wed, July 24th, 2024
Featured Classified: RONA
Wed, July 24th, 2024
RONA affiliate makes acquisitions in Ottawa area
Tue, July 23rd, 2024