Monday, November 29, 2010
Economy Robust Retail?
Posted by Mary Cashiola on Mon, Nov 29, 2010 at 4:03 PM
Last weekend saw one of my favorite holidays ... Black Friday, of course.
And what a Black Friday it was. (Watch for Cyber Monday figures tomorrow.)
For the last few weeks or so, I've helped a few friends update their wardrobes and it's meant that I've been shopping pretty much every weekend. And I cannot believe how many people have been out and about.
True, I've hit a bunch of sales, but this has been incredible. Lines six people deep. Cashiers at every register. It certainly looks like something is going right with the economy.
ShopperTrak says early November sales might have stolen some sales from Friday — and really, can you blame people for shopping early when we start seeing the candy canes come out before the Halloween candy? — but even so, there was a slight increase in the number of shoppers out from last year.
Guess we'll see what happens the rest of the holiday season ...
Comments (3)
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I like your positive outlook Mary. Our economy will improve once American's realize that it's in their capacity and obligation to rebuild it not the governments.
Should be exciting to see how that plays out. For a glimpse of what that may look like check out this site:http://community-wealth.org/
Definitely worth a look.
like
dislikeCorrection: "not the governments" should read " not just the governments." They have a part but it's a bit overweighted right now.
I'm sure Mary accurately reported her shopping experience, but isn't this the same kind of happy talk we hear from the retail industry every year, only to find out, when the actual numbers come in at the end of the season, that their accounts of shopping fervor were overblown and meant more to manipulate us into contributing to the the buying frenzy than to be anything like an accurate predictor of the outcome?
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