BLACK EYE FRIDAY

“Shoppers were up at 195 million versus 172 million in 2008. But average spending dipped from $372.57 to $343.31. Department stores saw the most customer traffic.”

That stat is key IMHO, 23 MILLION MORE but spent on avg less and 2008 was a bad retail year, so comparisons were easy.

And I am worried that these 23 million more are the ones who might have waited and spent in the next 3 weeks leading up to xmas. If MORE were shopping and spent less per person…doesn’t bode well. Bargain low margin door busters drove more people out and the rest of the way wont be pretty