Big Jump Seen In Black Friday Sales
Retailers made big bucks over the Black Friday weekend.
The National Retail Federation is reporting that the average Black Friday weekend shopper spent 365-dollars this year. Last year, the average was 343-dollars per shopper. About 212-million shoppers hit the stores between Thanksgiving and Sunday. That’s an increase of more than eight-and-a-half percent from 2009.
Nearly 30 leading retailers are expected to report November sales today. JP Morgan analyst Charles Grom believes most retailers will beat Wall Street estimates by a wide margin.
To learn more about retail sales and what that will do for the stock market, KXNT Morning News spoke to MoneyWatch.com Eric Schurenberg.