Thanksgiving and black Friday kicked off the unofficial start of the holiday shopping season. Customers spent $913 million online, which is up a whole 10 percent since last year. Retailers are having to be much more aggressive this year since the economy is down even more, which makes better savings and a lot of companies offering free shipping over a certain amount of money. People have spent more time looking for discounts this year and more than three million people visited coupon sites on Friday, up 17 percent from a year ago. Although it is looking good for consumers this year compared to last year, it is still hard to tell whether it is going to stick or fall like it did the year before.
I think it is too early to tell whether it's going to be a good shopping season or not. Yes it is up since last year but it could fall way down again as well. I know many Americans don't have the money to be spending on a big Christmas, but maybe with the savings and discounts so many are offering this year it won't be so bad.
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It's good to know sales are up 10 percent already, compared to last year. I think the free shipping on certain priced orders, coupons, and discounts are going to play a big role this year. I hope sales stay up, and everyone can afford to have a good holiday season.
ReplyDeleteIt's interesting to see that businesses are still competing even in a weak economy. However, with discounts to help the consumer it seems like the playing field has been leveled.
ReplyDeleteOnline is easier and less painful. I don't think retail stores will ever go away, but I see the internet as the dominating force in sales for years to come. Black Friday is a day I choose to remain at home if I'm not working. The chaos at the stores and roads for stuff just doesn't interest me. And...there is always online. ^^
ReplyDeleteI think we are all happy to see this minute spike in the economy. Hopefully it is the beginning of a solid pulse. I prefer shopping online also, if I'm not in a rush. There are so many more choices, with HUGE variances in prices.
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