CE Sector Has Big Black Friday
The consumer electronics retail sector posted big numbers on Black Friday, thanks to big demand for TVs, as well as mp3s, computers and GPS systems. That’s according to the research firm ShopperTrak RCT Corp., as quoted by the Associated Press.
According to the statistics, which measure sales at mall-based stores, overall sales reached nearly $9 billion, a six percent jump from the same day last year. This came despite forecasts which had predicted the weakest Black Friday in years. ShopperTrak also found that customers were lured to stores largely by specials on TVs, and that significantly discounted items had mostly sold out by noon on Black Friday.
Also, according to National Retail Federation statistics cited by Newsday, “consumer foot traffic” for the entire post-Thanksgiving three-day weekend jumped 4.8 percent from the same period in 2006. And another research firm, comScore, found that overall online spending which $272 million on Thanksgiving Day and $531 million on Black Friday, up 29 and 22 percent, respectively, over last year.