2014 Black Friday sales a bust

elections have consequences
So much for the much-touted economic recovery.
The U.S. economy depends on consumerism, i.e., retail sales, for as much as 70%, and the bulk of retail sales is conducted in the all-important Christmas season that traditionally begins the day after Thanksgiving. That day is dubbed Black Friday because that’s when U.S. retail businesses begin to go into black, i.e., make profits, for the year.
Black Friday sales, therefore, are a bellwether for Christmas sales.
ZeroHedge reports, Nov. 30, 2014, that last year’s Black Friday retail sales were bad. This year is an outright disaster.
According to ShopperTrak data, the first two days of the holiday shopping season were already showing a -0.5% decline across bricks-and-mortar stores. But figures just released from the National Retail Federation (NRF), the traditionally cheery industry organization, show that:

  • Sales during the four-day Thanksgiving holiday period crashed by a whopping 11% from last year’s: $57.4 billion to $50.9 billion.
  • The number of Americans who went shopping over the four-day weekend declined 5.2% from last year‘s 141 million to 134 million.
  • Shoppers spent an average of $380.95, down 6.4% from $407.02 a year earlier.
  • There was a decline across virtually every tracked spending category, including online sales, as the NRF charts below demonstrate (source). Shoppers spent an average $159.55 online, down 10.2% from $177.67 last year.


~Eowyn

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MomOfIV
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MomOfIV

USA used to be a strong nation of producers…we had a strong economy and we CELEBRATED Christ during Christmas. Now, all we do is spend ourselves into debt (usury) and celebrate holidays. No wonder we are falling apart as a country.

Gunny G
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Army Vet (@ArmyVet4444)
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I keep saying… but no one in the White House is listening. I JUST saw a clip where Obama was bragging about just “HOW GREAT” the economy has recovered during his time on office. Yet, for me, everything has gotten MUCH worse. I have MUCH LESS money to spend once my bills are paid, because cost of eating, and getting from one place to another have gone up so high. Food has increased during Obama’s time in office by over 45%. Makes you wonder just WHO is feeding Obama the BS, or if he is “master minding” that all on… Read more »

truckjunkie
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truckjunkie

(which I doubt, simply because I don’t think he is smart enough to dream up a lie this big).
Why? He’s convinced half the Country he’s an AMERICAN CITIZEN,while it can be,and HAS been,proven at least 3 different ways he can’t legally or Constitutionally Campaign for President,yet THERE HE IS.

truckjunkie
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truckjunkie

In the State of Washington (Sadly, where I happen to live)
Cheer up-you COULD be living under Mexifornia’s Realm of Weirdness. Their State Political system more resembles a big Commune with Hitler in charge.

Kelleigh
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And with the ongoing Obamacare debacle, the older US citizens who used to have excess funds to spend, are now spending it all on healthcare, so the retailers will not be getting it. Think of all the rotten trade deals pushed by the republicans who have destroyed American industry and jobs. No jobs means no money, and the reality is, the unemployment rate is far higher than reported by the twisted stats of the feds. We are in a depression, and many, many Americans are suffering. Thus, the big decline in funds. We’ll probably see more store closings than were… Read more »

Anonymous
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Anonymous

Democrats: When everyone’s destitute, no one is– all hail the EBT!

josephbc69
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We are only about half-way through what Doug Casey calls ‘the Greatest Depression,’ and I concur w/that judgement call. Historically, most Depressions last thirty-five years from beginning to end, but at their end, the society only finds itself at the economic level where it began. The North American ‘Great Depression’ of 1929 actually began in 1919-1920, w/the collapse of the farming sector’s boom years, fuelled by WW1’s huge needs to feed the armies of the USA and Canada. Those years are known as the ‘Dismal Decade’ by many historians, as most people were unaware of what was happening during the… Read more »

truckjunkie
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truckjunkie

All this is what keeps me moving-trying to minimize the damage and waiting to see what happens next. Both political parties have done their share of harm to the US,but from what I’ve seen,there’s generally been SOME benefit for the People with most of the Conservatives moves;the Liberals,though,seem more bent on just destroying EVERYTHING they get involved in,with little or no benefit to the People. (By “People”,I’m referring to those who are “Makers”,not “Takers”.) One thing the Liberals HAVE excelled in is converting Makers into Takers.
Okay-I’m off the Soapbox.

marblenecltr
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Notice to all above: BHO did not spend his formative years in an environment with Judeo-Christian values. Don’t expect them from him, or you will be disappointed. He grew up as and is a Muslim. To put it mildly, they have no love for Jews and Christians. He does have love for power and of self. His early years were in Indonesia in a military dictatorship, an acceptable form of government for him if he has a position of authority.. He went to a Muslim school, studied the Koran well and can speak Arabic.. He was born a British citizen… Read more »

MomOfIV
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MomOfIV

who brought him here and arranged for his political career? I’ve heard soros’s name tossed around a lot

marblenecltr
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George Soros, I believe, plays a role. Who brought Soros here and financed him? Kissinger, Brzezinski, and Soros came to our country for safety and prosperity. I believe that they became a type of parasite that kills the host.

josephbc69
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You are precisely correct in your judgement call! They are all parasites, none has ever done a day’s honest labour or work of any sort, all are Ivory Tower neo-cons who got in bed w/the lowest political creeps ASAP, the better to enrich themselves. My son by age fourteen had done more good work than these fascist creeps will ever do, combined. And he managed that while profoundly deaf from birth!