Arab Today, arab today nearly 136m expected for us black friday sales
Last Updated : GMT 01:44:12
Arab Today, arab today
Arab Today, arab today

Nearly 136m expected for US Black Friday sales

Arab Today, arab today

Arab Today, arab today Nearly 136m expected for US Black Friday sales

A woman waits in line during the Black Friday sale at Bloomingdale's at 59th Street
Washington - AFP

Nearly 136 million shoppers are expected to flock to US sales over the Black Friday weekend, both in stores and online, according to the National Retail Federation.

"Reports of long lines outside stores on Thanksgiving and Black Friday were matched by reports of record-breaking online sales," said Matthew Shay, president and chief executive of NFR, in a statement.

On Black Friday, the day after the Thanksgiving holiday, retailers trumpet special deals that kick off the year-end holiday shopping season. Deals often start early, on Thanksgiving, as retailers scramble to take advantage of the shopping frenzy.

The origins of the name are unclear, with some saying it refers to the intense jams of shoppers. But the more common explanation is that it points to profits being "in the black" as retailers bank on year-end sales for a large part of their annual profits.

The NRF estimates that 135.8 million people will be shopping over the four-day holiday weekend, a modest 1.6 percent increase from last year. The industry group will publish the results of the weekend on Sunday.

With the boom of online shopping, bricks-and-mortar stores are also beefing up their offers on websites and mobile devices.

Digital research firm comScore predicts online sales in the November-December period will increase 14 percent this year to $70 billion. Another firm, Forrester Research, estimates an 11 percent rise to $95 billion.

Black Friday is followed by Cyber Monday, when back-to-work consumers continue their shopping online. According to the NRF, 184 million people intend to shop online that day.

Retail is part of the consumer spending that drives about 70 percent of US economic activity, and so is seen as an indicator of the strength of consumer demand. But the importance of Black Friday has faded somewhat in recent years as shopping trends change and online sales gain.

"Over the past several years, retailers have begun their holiday price promotions progressively sooner, not waiting for the traditional Black Friday day to begin offering price discounts," said Chris Christopher, director of consumer economics at IHS Global Insight.

Many retailers open their doors on Thanksgiving Day, also known as Gray Thursday, cannibalizing Black Friday sales, he noted.

This year, Black Friday comes in the context of weak retail revenues blamed in part on relatively warm weather that has discouraged cold-weather purchases.

On Wall Street, most major retailers' shares closed lower, including Wal-Mart, Amazon, Macy's and The Gap.

Target was an exception. The chain climbed 0.2 percent after reporting a strong start to its Black Friday weekend, especially a 35 percent jump in online orders for in-store pickup on Thanksgiving.

But certain retailers made a point of bucking the Black Friday hoopla. Outdoor gear company REI proclaimed "We're not here" on its website homepage, saying it had closed all 143 stores for the day.

"We hope you'll join us outside today," it said, instead promoting the Twitter hashtag #OptOutside.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nearly 136m expected for us black friday sales Arab Today, arab today nearly 136m expected for us black friday sales

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday