Holiday Shopping Both Online And Off Up In Spite Of Worries About The Economy
Sales on Black Friday were up 3% from last year despite the sagging economy! Thanksgiving marked the “official” start of the Christmas shopping season for 2008.
In spite of recording the biggest monthly decline in sales since 1992 this October, as consumers cut back in response to the current economic crisis, sales rose during Friday’s first shopping day of the holiday season.
Bill Martin, co-founder of Shopper Trak, is quoted as saying “Under these circumstances to start off the season in this fashion is truly amazing and is a testament to the resiliency of the American consumer....” He went on to attribute this rise to the deep discounts offered on Black Friday.
Big ticket items in electronics and computers such as the Acer Aspire mini laptop, the iMac 24-inch desktop PC, the Sony Bravia XBR, The Amazon Kindle and the pink (their newest color) Apple iPod Nano are being purchased at near record rates!
Karla Deacon of http://www.NorthPoleChristmasStore.com says “Online shopping will definately continue to rise this year as there are many sites that are consistently more competitive price-wise than the conventional ’brick and mortar’ stores. Couple that with the convenience of shopping from home and not having to fight the crowds and you can see why shopping online is the way many people choose to go.”
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