Sales Numbers for Black Friday

[wwswimming]

these are $ numbers "at the cash register".

basically down 1.2% from 2008. 2008 was a rough year.

http://market-ticker.denninger.net/categories/17-Consumer

http://www.npd.com/press/releases/press_091209.html

maybe people bought more stuff because prices are lower.

 

[StageLeft]

The main problem I see with his chart is these are all electronics and simply saying that the money at register is less doesn't indicate much because, for example with LCD tvs, their prices have gone down a lot in the last year. It doesn't mean people didn't spend the money elsewhere on other items.

 

[Craig234]

Online sales were much better.

 

[geno]

Good. I'm glad the numbers are speaking out because the deals get worse and worse. I'm not going to complain because no one is obligated to give me good deals. What I'd be pissed at is if moronic consumers keep lapping up the stupid average Sunday deals they're hawking as "Black Friday madness!!!". I'm glad consumers aren't buying into it. Skoorb, you make a good point. What I'm mentioning above is more in regards to the electronics / pc-related area of the market. This article does point out people aren't buying into the lukewarm electronics deals they're trying to pass off. But yes, it is important to note the article is only highlighting one area of the market. A broader scope here would be interesting to see. As for the actual amount of money spent, I still think that's relevant to a degree. Yes, TV prices are down compared to what they were last year, but I don't think this would stop someone from snagging some other deals along the way (small stuff like MP3 players, cameras, etc). There are many variables along the way, but I still feel total amount spent is a good general indicator.

 

[wwswimming]

Good. I'm glad the numbers are speaking out because the deals get worse and worse. I'm not going to complain because no one is obligated to give me good deals.

yeah ... whenever i k'vetch about a price, i have to remember that i (probably) expect that vendor to be in business in 5 years, and that in order for that to happen, as my Finance prof. was fond of saying, "you have to survive the short term to enjoy the long term".

i'm eyeballing this laptop to see what happens to the prices on boxing day -
http://www.newegg.com/Product/Produc...82E16834114704
" TOSHIBA Satellite P505D-S8960 NoteBook AMD Turion II M500(2.2GHz) 18.4" 4GB Memory DDR2 800 500GB HDD 5400rpm DVD Super Multi ATI Radeon 4100 - Retail
Comes with Windows 7 Premium"
$800

 

[PingSpike]

I can't speak for the broader market, but last year I realized I was continuing to upgrade my computer even though I wasn't playing any new games.

Also, how many fucking televisions and mp3 players do Americans really need anyway?

 

[BlahBlahYouToo]

i blame the republicans...
oh wait...

 

[WhipperSnapper]

The Black Friday deals totally sucked this year. However, the decreased sales could be a result of the economy. As the nation transforms more and more into a third world country devoid of a middle class and where most of the populace will be poor, it makes sense that fewer people will have less and less money to spend.

 

[woolfe9999]

That particular data doesn't track online says, which purportedly went up by 11% this year versus last. Not sure what percentage of the total pie is online versus B&M these days though.

 

[ElFenix]

the whole idea of black friday has become ridonculous lately. save $50 on a bad tv by spending thanksgiving in a tent! no, thanks.

maybe the deals sucking means the retailers didn't take as much of a loss on the loss leaders. selling too much worthless crap below profitability isn't going to fix the economy.

of course, how does a consumer economy that doesn't make consumer products work anyway?

 

[Wreckem]

November 30 and December 10 both bested Black Friday in sales.

That said, anaylsts are still projecting a 1-2% drop from last year, of overall Christmas sales.
Online sales are up by 3% over last year, retail sales are stagenant/down when compared to last year.

Things do not get better as consumer surveys paint a bleak outlook for retail after Christmas and in to Jan/Feb. Jan/Feb retail sales are projected to be down starkly year over year. There won't be as many stores closing in Jan-March as last year, but there will be a sizable number of store closures.

 

[Wreckem]

Good. I'm glad the numbers are speaking out because the deals get worse and worse. I'm not going to complain because no one is obligated to give me good deals. What I'd be pissed at is if moronic consumers keep lapping up the stupid average Sunday deals they're hawking as "Black Friday madness!!!". I'm glad consumers aren't buying into it. Skoorb, you make a good point. What I'm mentioning above is more in regards to the electronics / pc-related area of the market. This article does point out people aren't buying into the lukewarm electronics deals they're trying to pass off. But yes, it is important to note the article is only highlighting one area of the market. A broader scope here would be interesting to see. As for the actual amount of money spent, I still think that's relevant to a degree. Yes, TV prices are down compared to what they were last year, but I don't think this would stop someone from snagging some other deals along the way (small stuff like MP3 players, cameras, etc). There are many variables along the way, but I still feel total amount spent is a good general indicator.

Blackfriday is only good for one thing, and that is apparel. Apparel on Black Friday is cheaper than online or anytime except the days after Christmas.