Weakness Seen in Black Friday Sales, Anticipated in Cyber Monday Too
by Christina Lee on December 2nd, 2008
Though more shoppers sought out post-Thanksgiving discounts this year, sales figures released so far provide little hope for high profits for the remainder of the holiday season. Traditionally at brick-and-mortar stores on Black Friday, and more recently at online stores on the following Cyber Monday, consumers have learned to eagerly pursue some of the lowest markdowns they will see over the holiday season. But with this year’s price cuts and overall consumer behavior, experts still wonder if retailers have been able to reap any profits this holiday season. Consumer spending over the Black Friday weekend – running Thursday through Sunday... Read more »