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Posted on 11/29/2009 4:25:16 PM PST by Red in Blue PA
American consumers shopped more for bargains at the start of the U.S. holiday season and spent significantly less than a year ago, according to early data released on Sunday.
Consumers said they will have spent nearly 8 percent less on average, or about $343 per person, over the weekend that includes U.S. Thanksgiving Day, Black Friday and runs through Sunday, according to the National Retail Federation.
American consumers shopped more for bargains at the start of the U.S. holiday season and spent significantly less than a year ago, according to early data released on Sunday.
Consumers said they will have spent nearly 8 percent less on average, or about $343 per person, over the weekend that includes U.S. Thanksgiving Day, Black Friday and runs through Sunday, according to the National Retail Federation.
(Excerpt) Read more at cnbc.com ...
Less people working and less money to spend.
I is a smarty genius pants for cipherin that’n.
We have never, nor will we spend $300+ per person at Christmastime.
10.2% unemployment and rising. People aren’t spending. Who’d have thunk it. Then ahain what does the Bama care, it isn’t ramadan yet.
The thing is less money may have been spent but everything was deeply discounted also!
I read a local story and a store manager said he couldn’t understand why they didn’t have record sales with the big black Friday discounts.
It ain’t complicated in a city with unemplyment hovering around 20%. The only way they would have seen record sales is if they had 100% off sales and paid for gas to get there.
We are being careful here. I look over the ads and I’m not breaking a sweat to buy what they put on sale which has been the inferior models.
Everybody I know is being very careful,,and for very good reasons.
No kidding. Since none of us know what the crazy man in the White House has up his sleeves. NOTHING would surprise me since he is the dumbest, most unqualified ever to set food in the place.
I think they mean that each person will spend $343 TOTAL, on all presents for all people they buy presents for.
Now, I don’t know if I’ve spent that much in any particular year. I don’t tend to wait until Christmas to buy “big ticket items”.
The White House Chef is likely more qualified.
I always do....
But I also have been blessed and have made a lot of money for the past 10 years......
Keep in mind I also donate heavily to the church, charities and give of my time....
Ya’ can’t take it with you....
Please note...I work 7 days a week and probably 10 hour days......own my own business......
No...I hardly sleep....
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