Dec 01 2008

Is The Economy So Bad It’s Good?

Published by Manarin Investment Counsel at 3:27 pm under Economy

The National Retail Federation (NRF) says the number of shoppers either in stores or accessing on-line retailers, from Black Friday through [Sunday], was up 17% versus last year and that the average amount spent was up 7.2%.  According to the NRF, shoppers were busy buying up clothes and electronics.  Meanwhile, ShopperTrak, which monitors sales at shopping centers and malls around the country, says Black Friday sales were up 3% versus last year.

~ From First Trust’s Black Friday Shoppers Signal Consumer Hopefulness

 

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