Monday 29 November 2010

Sales up slightly on Black Friday

Shoppers search bins for toys at a Goodwill thrift store in Denver on Black FridayShopperTrak said shoppers were spending more wisely
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The start of the US Christmas shopping season has seen an increase in customer numbers but only a slight rise in actual spending, data has shown.

The number of people hitting the shops on Black Friday rose 2.2% on last year, research group ShopperTrak said, but sales only rose 0.3% to $10.7bn (£7bn).

Black Friday is the day after the Thanksgiving public holiday. Many shops open overnight and offer discounts.

Many retailers also pushed customers to their websites with online-only sales.

The 0.3% increase in sales on Black Friday followed a 0.5% rise last year.

"This means the American consumer has adapted to the economic climate over the last couple of years and is possibly spending more wisely as the holiday season begins," said ShopperTrak founder Bill Martin.

Online payment service PayPal reported a 27% increase in volumes on the day, compared with Black Friday in 2009.

"The tough economy has made shoppers more price-conscious, and this year's Black Friday results show that they're going online to find the best deals," PayPal's Amanda Pires said.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-11857218

Jerold Dax Vannesa Mentel Graig Lozada Mathilda Rusteika

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