Despite stores trying to kick off holiday shopping earlier this year on Thanksgiving day, data released by ShopperTrak shows foot traffic to stores on Thanksgiving and Black Friday was down 1.6 percent from last year.
Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers bagged deep discounts and bought more on their mobile devices, heralding a promising start to the key holiday season.
The UK’s Black Friday weekend got off to a strong start online on November 24, but early evidence suggests that physical store shopping was weaker and London's West End was hit by panic after a terrorist false alarm.
Moody's Investors Service has named a list of retailers who have to post good holiday sales to be able to pay off large loans that are about to come to maturity. Included are Sears, J.Crew and Nine West.
Relatively few early-morning shoppers turned out on Black Friday to mark the start of the U.S. holiday shopping season, as more people shopped online and the traditional rush was split by stores opening the night before.
There may be huge discounts on the UK high street at present but British stores are feeling surprisingly upbeat about the Christmas shopping season overall, a new survey shows, although fashion sales could be weak.