Black Friday sales are up, thanks to deep discounts and pent up demand driving traffic.
ShopperTrak RCT says retail sales increased 3 percent over 2007 – and Black Friday 2007 was up 8 percent vs. 2006. The South had the strongest sales with a 3.4 percent rise over 2007, the Midwest rose 3 percent, the West was up 2.7 percent and in the Northeast, sales increased 2.6 percent.
The National Retail Federation says more than 172 million shoppers visited stores and websites over Black Friday weekend, up from 147 million shoppers last year. The same report also states that shoppers collectively spent $4.1 billion this past Friday-Sunday, Friday being the busiest day with an estimated 73.6 million hitting stores and internet shopping sites, according to the report. Individual shoppers spent about 7% more this year than last year from Thursday through Sunday, the NRF found. Shoppers spent an average of $372.57, and total spending reached an estimated $41 billion.
How does this translate to board sport specialty stores?