Saturday, November 25, 2006

Strong Black Friday Sales

by Bill McBride on 11/25/2006 06:39:00 PM

From AP: Black Friday sales up 6 percent over '05

The nation's retailers had a strong start to the holiday shopping season, according to results announced Saturday by a national research group that tracks sales at mall-based stores. One big exception was Wal-Mart Stores Inc., which said it expects to report same-store sales in November below its already lackluster forecast.

According to ShopperTrak RCT Corp., which tracks total sales at more than 45,000 mall-based retail outlets, total sales rose 6 percent to $8.96 billion on Friday, the start of the holiday shopping season, compared to the same day a year ago.
This is to balance out the previous post!