Black Friday weekend has come and gone, and most reports make it sound like retail sales were marginal at best.The National Retail Federation says that more people shopped but spent less money.The average amount each customer spent, it says dropped to $343.31, down from $372.57 last year, but total sales were flat, at $42.1 billion.Research firm ShopperTrak surmises that sales were up 0.5%, and surprise, discounters outperformed other retail categories. In apparel, Aeropostale, American Eagle Outfitters and Victoria's Secret were apparently winners and Banana Republic was a dud.Do these reports bode well for the rest of the holiday season, or does it spell poor sales to come?

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.