Economy

Follow our blogs on Twitter: .biz blog | Centsible Saver | Tech Junkie | Mouthful | Green Scene | Warm TV

Published Sun, Nov 29, 2009 04:43 AM
Modified Sat, Nov 28, 2009 08:56 PM

Shoppers spent just a bit more, early results show

Email Print Order Reprint
Share This
Text

tool name

close x
tool goes here
The Associated Press

CHICAGO -- Shoppers who endured long lines and sometimes-frigid temperatures spent slightly more during their Black Friday shopping sprees than they did last year, according to data released Saturday by a research firm.

Their pajama-clad counterparts, a much smaller group that accounted for only a fraction of overall sales, shopped online from the warmth of their homes and dramatically boosted their spending.

More than a year after the economy's collapse began rattling shoppers, industry observers said Friday's shopping sprees offered a strong start to the holiday season.

"We have struggled for a long time, and one of the ways for the economy to get going again is for the consumer to begin to spend more freely," said Bill Martin, co-founder of research firm ShopperTrak, which released its sales figures Saturday.

Preliminary sales data from Martin's organization, a Chicago research firm that tracks sales at more than 50,000 stores, showed shoppers spent $10.66 billion when they hit the malls on the day after Thanksgiving. That's only 0.5 percent more than last year, when Black Friday sales rose a striking 3 percent.

Web marketing analyst Coremetrics said its data showed the average amount online shoppers spent on Black Friday rose 35 percent as shoppers spent roughly $170.19 per order - up from $126.04 last year.

Get the biggest news in your email or cellphone as it's happening. Sign up for breaking news alerts.

Email Print Order Reprint
Share This
Text

tool name

close x
tool goes here
We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse, images, internet links or any device to draw undue attention. Read our full comment policy.
More Economy

Get business updates

Keep up with the latest business stories with our free e-mail newsletter, delivered straight to your inbox!

- it's free!

- it's free!

- it's free!

Hot Deals View All
Find a Car
Go
Top Jobs View All

Find a Job
Go
Featured Homes View All
Find a Home
Go

Print Ads