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Sun Nov 25, 2012, 08:53 PM

Holiday shopping season off to record start

This discussion thread was locked as off-topic by pinto (a host of the Latest Breaking News forum).

Source: AP-Excite

By ANNE D'INNOCENZIO

NEW YORK (AP) - If you make holiday shopping convenient, Americans will come in droves.

It's estimated that U.S. shoppers hit stores and websites at record numbers over the Thanksgiving weekend, according to a survey released by the National Retail Federation on Sunday. They were attracted by retailers' efforts to make shopping easier, including opening stores on Thanksgiving evening, updating mobile shopping applications for smartphones and tablets, and expanding shipping and layaway options.

All told, a record 247 million shoppers visited stores and websites over the four-day weekend starting on Thanksgiving, up 9.2 percent of last year, according to a survey of 4,000 shoppers that was conducted by research firm BIGinsight for the trade group. Americans spent more too: The average holiday shopper spent $423 over the entire weekend, up from $398. Total spending over the four-day weekend totaled $59.1 billion, up 12.8 percent from 2011.

Caitlyn Maguire, 21, was one of the shoppers that took advantage of all the new conveniences of shopping this year. Maguire, who lives in New York, began buying on Thanksgiving night at Target's East Harlem store. During the two-hour wait in line, she also bought items on her iPhone on Amazon.com. On Friday, she picked up a few toys at Toys R Us. And on Saturday she was out at the stores again.

FULL story at link.



Read more: http://apnews.excite.com/article/20121126/DA2PBTGG0.html





In this Friday, Nov. 23, 2012, file photo, Black Friday shoppers pour into the Valley River Center mall for the Midnight Madness sale, in Eugene, Ore. U.S. shoppers hit stores and websites at record numbers over the four-day Thanksgiving weekend, according to a survey released by the National Retail Federation on Sunday. They were attracted by retailers' efforts to make shopping easier, including opening stores on Thanksgiving evening, updating mobile shopping applications for smartphones and tablets, and expanding shipping and layaway options. (AP Photo/The Register-Guard, Brian Davies)

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Response to Omaha Steve (Original post)

Sun Nov 25, 2012, 09:34 PM

1. A good sign for the economy, I suppose. But that's not what Christmas is supposed to be about

I'm glad to hear more good economic news, but it saddens me more and more to see Christmas associated with mad frenzies to buy the latest toy, fights over the coolest jeans, and record profit for huge retailers.

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Response to groundloop (Reply #1)

Mon Nov 26, 2012, 04:28 AM

2. Agreed

But, it was expected to be up this year. We live in a consumer driven economy, so increased sales are good all around for workers. That said one wonders how many items are being sold, not just the dollars. With inflation just comparing dollars doesn't always tell us too much.

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Response to Sherman A1 (Reply #2)

Mon Nov 26, 2012, 12:17 PM

8. Consumerism isn't good for anyone, in the long run.

It's the exact opposite of what we need to be doing, which is conserving resources and reducing the impact of human activity on the biosphere. We definitely need to change the way we 'celebrate' Christmas.

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Response to Omaha Steve (Original post)

Mon Nov 26, 2012, 06:23 AM

3. My question is this: did retailers make record profits? Or will this be another case where the door

Buster prices ate up the profit margin?

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Response to Omaha Steve (Original post)

Mon Nov 26, 2012, 10:24 AM

4. Yup...124 dead in Bangladesh WalMart supplier garment factory....nt

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Response to Omaha Steve (Original post)

Mon Nov 26, 2012, 10:47 AM

5. Panic buying. That's what happens when you elect a black President.

 

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Response to Omaha Steve (Original post)

Mon Nov 26, 2012, 11:30 AM

6. The markets today are distinctly non-plussed, with the major

 

averages each down about 0.75%. I'd be wary of any propaganda ushering from AP's media organs myself.

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Response to Omaha Steve (Original post)

Mon Nov 26, 2012, 11:34 AM

7. Yeah, yeah we heard this all through the Great Recession

then when January comes around and the real numbers are crunched, they find out they actually lost money.

It just a "don't worry be happy" lie so you will go buy more crap.

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Response to Omaha Steve (Original post)

Mon Nov 26, 2012, 01:59 PM

9. Hi. This is basically analysis of a shopper survey. Not Late Breaking News. We're locking.

Thanks for understanding.

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