Black Friday Sales: $52.4B; Shoppers Reject Occupiers' Demand

By:  R. Cort Kirkwood
12/01/2011
       
Black Friday Sales: $52.4B; Shoppers Reject Occupiers' Demand

Despite the best efforts of the Occupy Wall Street protesters to sabotage Black Friday Christmas shopping, the National Retail Federation reported that shoppers spent a whopping $52 billion over the weekend after Thanksgiving.  OWS had hoped to launch protests that would stop the frenzy of consumerism, but alas, the lure of spending prevailed.

 

Despite the best efforts of the Occupy Wall Street protesters to sabotage Black Friday Christmas shopping, the National Retail Federation reported that shoppers spent a whopping $52 billion over the weekend after Thanksgiving.  OWS had hoped to launch protests that would stop the frenzy of consumerism, but alas, the lure of spending prevailed.

"Buy Nothing Day" Failure
According to a release from NRF, “a record 226 million shoppers visited stores and websites over Black Friday weekend, up [6.6 percent] from 212 million last year.” The statement continued,

Digging deep into their holiday budgets, the average holiday shopper spent $398.62 this weekend, up from $365.34 last year. Total spending reached an estimated $52.4 billion.

Additionally, shoppers also checked out retailers’ deals online, spending an average of $150.53 on the web — 37.8 percent of their total weekend spending.

The spending increase per shopper from 2010, NRF reported, was about nine percent. But spending overall, $52.4 billion, jumped ahead of last year's $45 billion by 16.4 percent, CNN reported.

Click here to read the entire article.

Photo: AP Images
 

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