Black Friday Sales are Down
US consumers spent around $1.7 billion less than last year over the holiday weekend, from Thursday to Sunday. The average shopper spent $407.02 as opposed to $423.55 in 2012. It's the first drop in seven years. Many blame stagnant wages and the uncertainty of the economy. Retailers were forced to slash prices and offer deals earlier in the week to entice reluctant shoppers. However, though Black Friday sales are down, more US consumers are shopping online than ever. The National Retail Federation fully expects Cyber Monday sales to surpass last year's spending.
By Jordan Moses
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