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
RONA adds six new affiliate dealers
Fri, April 26th, 2024
King Marketing gathers national team, celebrates achievements of its reps
Fri, April 26th, 2024
Aaron Jarosz promoted to lead Home Depot Canada's pro services
Thu, April 25th, 2024
New owners for Canadian Tire store in Innisfil, Ont.
Thu, April 25th, 2024
United Hardware merges with Do it Best
Thu, April 25th, 2024
Throwback Thursday: Ten years ago, Home Depot Canada started using stores as online showrooms
Thu, April 25th, 2024
CEO shares plans for Home Hardware’s 60th anniversary
Wed, April 24th, 2024
West Fraser posts Q1 financials
Wed, April 24th, 2024
IKEA introduces online financial options
Wed, April 24th, 2024
Retail sales stable in February
Wed, April 24th, 2024