November 30, 2008

Black Friday Sales Up 3%
— Gabriel Malor

Not bad, for a country barely staving off the second Great Depression, right?

U.S. holiday retail sales increased 3 percent yesterday from a year earlier, the smallest gain for a “Black Friday” in three years, research firm ShopperTrak RCT Corp. said.

Sales rose to $10.6 billion, the Chicago-based company said in a statement. The increase was the smallest since a decline of 0.9 percent in 2005 and compares with a jump of 8.3 percent last year.

“So far, so good,” said Craig Johnson, president of Customer Growth Partners LLC, a retail consulting firm based in New Canaan, Connecticut. “But a decent Black Friday figure doesn’t predict the whole season. The question is, how much momentum we can keep” in this “challenging” economic environment, Johnson said.

An increase, but not enough of an increase, so once again the sky is falling.

It's anecdotal, but shopping has been crazy around here. People actually slept in tents outside the West Hollywood Best Buy on Thursday night. It was still crowded when I stopped by yesterday looking for new headphones (no luck, buying them online). Last week, people had camp chairs in front of the Verizon store for the new BlackBerry when I walked by on my way to the Red Line.

Posted by: Gabriel Malor at 07:52 AM | Comments (70)
Post contains 218 words, total size 1 kb.

1

Insane crowds. Rude people. What a joy!

Posted by: Espkc at November 30, 2008 07:56 AM (ZFUFj)

2 Funny, some libs are decrying the fall in profits. Oh well, The Magic Unicorns will fix that.

Posted by: eddiebear at November 30, 2008 07:57 AM (BnrT9)

3 Shoppertrak is known for poor models and overestimates. I'll wait for the actual numbers.

Posted by: TheSev at November 30, 2008 07:57 AM (Vq7VK)

4 Every year when sales are up or OK they trumpet the same refrain: people were shopping like mad BUT it's at the expense of profits for those greedy captialists so we're all fucked--I wonder if they ever consider retiring this tired, cliche-ridden, script.

Posted by: ECM at November 30, 2008 08:01 AM (q3V+C)

5 It's a myth that "black friday" holds any significance. It is neither the biggest shopping day of the year, nor is it the day that companies finally turn a profit.

Posted by: lorien1973 at November 30, 2008 08:02 AM (ddGv/)

6

If only there were some non-brick-and-mortar vehicle by which people could purchase goods for their holiday gift-giving.  Something that could be performed from the safety and comfort of one's home and with no loss in availability or savings, especially for the comodotized items like Playstations and Blackberries that routinely dominate demand this time of year.

I guess I've just been reading too much Jules Verne.

Posted by: VJay at November 30, 2008 08:05 AM (k87Wm)

7 Thanks Obama!

Posted by: DrewM. at November 30, 2008 08:14 AM (hlYel)

8 #6 - Please call the esteemed scientist Al Gore for a solution to this problem.  Senor Gork has worked on numerous world altering projects such as global baloney, Buddhist Temple Tea Parties, and how he fought the war in Vietnam during a six month tour, normally a 12 month tour for those members of the unwashed prolatariet whose father's weren't Congresscritters. 

Posted by: Fish at November 30, 2008 08:14 AM (6Rihj)

9 I did my part!  I bought more ammo for my AR-15.  I'm ready for that unicorn now.

Posted by: 8starsnorth at November 30, 2008 08:17 AM (6WFgw)

10 Think of it as evolution in action

Posted by: myiq2xu at November 30, 2008 08:20 AM (56Ifl)

11 Anybody ever have any luck getting a Remington 11-87 and a brick of .00 into a Christmas stocking? And how do Glock 17's look  hanging from the old tree as ornaments? I think it's gonna be one of those kind of Christmases.

Posted by: pendejo grande at November 30, 2008 08:21 AM (iMnDJ)

12 must be all those move.on ladies with extra time on their hands now, focusing their angst on bargains

Posted by: unicorns three for a buck at best buy at November 30, 2008 08:23 AM (tG2i/)

13 I'm in the metro Detroit area, which, according to the media, is ground zero for our current Depression era economy. Want to know what? The stores were packed. And not just this weekend. Same with the restaurants. We might be in the worst Depression since the beginning of known history, but it seems like people still have disposable income. Which I suppose means we're not in a depression.

Posted by: shibumi at November 30, 2008 08:34 AM (tZB/c)

14 Yeah expect these headlines to continue.  "Christmas Sales Up Only 1,023%, Economic Future Still Uncertain"

Posted by: chemjeff at November 30, 2008 08:44 AM (VLxln)

15 5 It's a myth that "black friday" holds any significance. It is neither the biggest shopping day of the year, nor is it the day that companies finally turn a profit.

Oh yeah, well I bet you don't have anything to say about that Claus person.

Posted by: AmishDude at November 30, 2008 08:46 AM (T0NGe)

16 In fact, expect the headlines to continue until Obama ushers in New Deal 2.0.  Then we will see headlines like "Jobless Claims Fall 0.0001%, Economic Recovery On the Horizon"

Posted by: chemjeff at November 30, 2008 08:46 AM (VLxln)

17 anyone want to buy a piece of a sunglasses franchise? expecting boom times

Posted by: the world will be so much sunnier on january 21st at November 30, 2008 09:01 AM (tG2i/)

18 Also, the media has to talk down the economy until Jan. 20.

You know, it's amazing how well the economy does even when indicators are lousy.  It's almost as if people are doing OK now but are worried about the future.  A bit like 1992.

Posted by: AmishDude at November 30, 2008 09:03 AM (T0NGe)

19 Here's a quote from the U.S. Constitution. "If the President-Elect is a total ass-clown and the Republic can't afford to let him take the Oath of Office, the President, with the Advice and Consent of his Spouse, shall remain in Office until 2013. Eat it". I swear it's in there somewhere.

Posted by: eman at November 30, 2008 09:04 AM (PI3vs)

20

I went to the grocery only yesterday, but could see the mall parking lot and it was full.  Absolutely full.  Glad somebody has money. 

And, Gabe, people lined up to get a new Blackberry?  Why, the old one wore out?  Geez.  But ohhhh, look how much they saved by being there early!!

Posted by: Kay at November 30, 2008 09:17 AM (DKZtn)

21 A 3% increase in sales after a 10% increase in prices gives you what? Yeah the stores were crowded but it seemed busier last year. I don't know the math, but things might not be as peachy as you think.

Posted by: Don Carne at November 30, 2008 09:24 AM (wSNS7)

22 Ahh yes the famous "assclown clause" of the Constitution.  Damn if I'm not liking those penumbras already.

Posted by: chemjeff at November 30, 2008 09:31 AM (VLxln)

23 Insane lines, trampling deaths, stillbirths and gunfire.  Its the apocalypse for sure.  The best worst Black Friday since 2007.

Posted by: dfbaskwill at November 30, 2008 09:31 AM (ympAm)

24 I wonder how those people who waited in line for the Blackberry Storm felt when they opened it up and realized just how horrible it is. Besides, Blackberrys are supposed to have keyboards. If you want a touch-screen powerhouse, look at HTC, or wait for the Touch HD, which should be out by early next year!

Posted by: G-dawg at November 30, 2008 09:38 AM (mzfP0)

25
Black Friday - RAAAAAAACIST!!!!!!

Posted by: thebronze at November 30, 2008 09:41 AM (H5ZGb)

26 The Depression will end on inauguration day.

Everyone knows that! Duh!

Posted by: torabora at November 30, 2008 09:47 AM (cE1e0)

27 I'd like to have gone this year to check out the deals but since I tend to be a get in, find it and get the hell out shopper I wouldn't have had the patience to deal with the crazy people. Online shopping has been the way to go for me on most things and thank goodness for it.

Posted by: Shannon at November 30, 2008 10:40 AM (q0Z3p)

28 too bad online shoppers will be targeted by the tax police soon.  In PA, they've hired goon squads to collect the PA Use Tax from businesses. ( PA sales tax for those that weren't charged online.)  They scour your books and "find" enough examples to charge you with penalties and late fees in addition to the 6% tax.)  I just received one at my home, and fortunately I don't buy anything for work from home.  BUT, They are coming, anyway they can, even on Unicorns.

Posted by: dfbaskwill at November 30, 2008 10:45 AM (ympAm)

29 I've been doing my part, but except for my trip to Ikea yesterday, it's all been online.

Posted by: Bob's Kid at November 30, 2008 10:52 AM (f7YyX)

30 This depression isn't like my parent's depression...in fact its not even half as bad as the Carter years.

Posted by: Purple Avenger at November 30, 2008 10:55 AM (CwzFE)

31 I had to go to a speed shop in the area of one of our malls. Not only wers the roads packed, but so were the parking lots. Since I was literally parked in traffic I swung into the Gandewr mountain store. Treated myself to a new brass gun cleaning rod, and a tow strap to keep in my New SUV. I also grabbed a salt lick and deer feed for opening day of deer season tommorrow.....No, I'm not baiting them where I hunt.  It's for the feeder at my house. Besides I can't be illegally baiting them if I don't have a license to hunt. I'm not getting a deer tag, hence, I'm not hunting deer. No premeditation, just self defense.  Right?...Is there a Lawyer in the house?...BTW, did ACE get that Vegas thing tooken care of??? 

Posted by: hutch1200 at November 30, 2008 10:56 AM (+PBf6)

32

Yeah, things have been just crazy around here at Buy More (where I work as a tech for the Nerd Herd).

Oops. I just flashed on "Obama", "Bill Ayers", "Allah", and "suitcase nuke". I've got to go. See you around... I hope.

Posted by: Chuck at November 30, 2008 10:57 AM (MJZdi)

33 By the way, the Thanksgiving Meth sale was a huge success. I don't know if a down econmomy means people can't afford cocaine, or they are pissing away disposable income and starting a new habit. Either way it works for me.....I would like to see the MSM do a story on some assholes, in a fucking McMansion, bitchin that the economy has forced them do Meth instead of the finest Peruvian flake.

Posted by: hutch1200 at November 30, 2008 11:03 AM (+PBf6)

34 Anybody ever have any luck getting a Remington 11-87 and a brick of .00 into a Christmas stocking? And how do Glock 17's look  hanging from the old tree as ornaments? I think it's gonna be one of those kind of Christmases.

9mm ammo's at the top of the lists I sent out. My mom laughed when I asked for it. I guess she thinks the birthday of The Prince of Peace (version 1.0) isn't exactly the occasion for giving the means for killin'.

That's ok though, I know my husband won't let me down. I caught him shopping guns online yesterday so I may be getting that little .38 I've had my eye on, or even better, one of those nasty scary "assault weapons" The Prince of Peace (version 2.0) is going to re-ban.

Posted by: nightwitch at November 30, 2008 11:04 AM (NXY/0)

35 Up 3%?  Great news, but... I'm guessing that it's a matter of people whistling past the graveyard.  They're already so far in debt with their credit cards that a few extra hundred won't matter.

Posted by: Pigilito at November 30, 2008 11:06 AM (GR6JB)

36 People are so reluctant to go shopping that only one WalMart worker was trampled to death this year by the ravening throng.

Posted by: red speck at November 30, 2008 11:21 AM (SRmYf)

37 It's always the same with libs, if you increase government spending 8 percent, but libs had originally wanted to increase it 13 percent, libs will say that government spending was cut five percent, not increased 8 percent. Sales are up a healthy three percent. Ninety four percent of mortgages are being paid on time and ninety four percent of people wanting jobs are employed. The economy is good even if the financial sector, due to democrap overregulation is on the skids.

Posted by: eaglewingz08 at November 30, 2008 11:23 AM (qh8b9)

38 I, for one, am eagerly awaiting my O-mas present of gumdrops and lollipops January 21st.

"Mommy?  Can Santa Obama bring me a unicorn for O-mas?"

Posted by: A.G. at November 30, 2008 11:26 AM (JoIvi)

39 Santa Obama sounds like a Latin American city.

Posted by: A.G. at November 30, 2008 11:28 AM (JoIvi)

40

I'm still waiting on money for my mortgage and gas.

Miss Cleo

Posted by: Fish at November 30, 2008 11:30 AM (6Rihj)

41 I'm still waiting for journalists and a media that aren't overwelmingly indoctrinated leftist morons.

Posted by: FloofyParisParamus at November 30, 2008 11:37 AM (jGNc3)

42 Chuck at November 30, 2008 03:57 PM (MJZdi)

Made me LOL. I love that show

Posted by: nightwitch at November 30, 2008 11:50 AM (NXY/0)

43 Not bad, for a country barely staving off the second Great Depression, right?

When did ten trillion dollars in new annual debt become a conservative value?  Or when did how 2008 came to pass, what with some 95% of the country yelling at its public servants to put a stop to the accrued $70T federal indebtedness madness?

Three percent is half of actual inflation.  And it's likely all new credit card debt, that being "economic stimulus", top-down American treasury style.

When you undertake a serious monetary analysis, Gabe, is probably when I take up submitting amateur legal briefs and expecting instant credibility from the bar...     

Posted by: Ten at November 30, 2008 11:52 AM (Mkaq1)

44 There is absolutely nothing I want bad enough to stand or camp outside a store in the dead of night in November.

Posted by: katya at November 30, 2008 11:53 AM (G3frc)

45

Up 3%?  Great news, but... I'm guessing that it's a matter of people whistling past the graveyard.  They're already so far in debt with their credit cards that a few extra hundred won't matter.

Nah, they're counting on Uncle Obie paying their credit card bills after Jan 20.

Posted by: katya at November 30, 2008 11:59 AM (G3frc)

46 Here in San Diego I was at the local Wally World on Friday in the afternoon.  Wasn't that bad.  I got in and out without maiming or killing anyone.  Just bought mouthwash and some Toys for Tots. The Marines were there out in front of the store.  How can you turn them down?

Posted by: MrsPaulsFishSticks at November 30, 2008 01:01 PM (PBGAP)

47 #25
It shall come to pass that the day after Thanksgiving shall be known as Obama Friday.
Let it be said.
Let it be written.
Let it be done.

Posted by: MrsPaulsFishSticks at November 30, 2008 01:04 PM (PBGAP)

48 Gas-price-drop stimulus?

Posted by: denise at November 30, 2008 01:58 PM (zcIrD)

49 I drove past the mall here and parking lot was filled a little more than usual but not packed by any means. Of course my state hit recession and high unemployemnt before it became nationally popular! So we have been hurting long before the market drop on the East Coast

Posted by: Jody at November 30, 2008 02:54 PM (B/Y39)

50 It's getting pretty damned bad down here in Louisiana.  At a recent dinner party, we had to serve caviar on toast corners... but toast corners that we made ourselves!  Talk about embarrassing.

Posted by: Kevin at November 30, 2008 03:14 PM (KO6dP)

51 put a stop to the accrued $70T federal indebtedness madness?

Madness?  Hardly.  If you're a government entity and you owe a few billion, its your problem.  If you owe trillions, then its the creditors problem. 

I think we all know how this ends.  A nice healthy round of inflation over the next 10 years - say 300%, and all those intractable debts will suddenly become tractable and the creditors take it in the ass...and whole waves of the "middle class" suddenly get introduced to the AMT which thus far hasn't been inflation indexed.


Posted by: Purple Avenger at November 30, 2008 03:22 PM (CwzFE)

52 Funny, some libs are decrying the fall in profits. Oh well, The Magic Unicorns will fix that.

Aren't profits supposed to be bad.  And if profits are bad then falling profits is good right?

Posted by: Lemmiwinks at November 30, 2008 05:02 PM (34DVJ)

53 yes, but Saturday was lighter than expected. people may have tried to pack it all in Black Friday for the sales.

Posted by: new at November 30, 2008 07:29 PM (MobLv)

54 If I may suggest ....  I researched headphones for a long time. I ended up with a set of beyerdynamic DT770 Pro (around $200 online) and then later bought a pair of beyerdynamic DT 880s (around $300 online).  For the price the DT770 kicks ass and the DT880 is a little pricey with a perfect 5 star rating but either model is fantastic. Considering the music I listen to the DT770 is a better value, in fact you can buy the DT770 and a headphone amp like the PreSonus HP4 for the price of the DT880s.  I use my beyerdynamics for music and for my bass guitar playing when I don't want to wake up the folks a block away.

Posted by: submariner682 at December 01, 2008 07:22 AM (cmQ5h)

55

yanrenwen,

Message 54.

Was that Obama as the bartender in that video

Posted by: submariner682 at December 01, 2008 07:42 AM (cmQ5h)

56

hutch1200

Message 31

 

I was actually tailed a mile back by Game and fish.  Like the dork didn't know we had optics and could see him.  I was tagged for Archery Deer and he glassed me as I stepped 10 feet of the road to take a shot. In AZ you can't road hunt but its tough doing archery deer in the desert.  You have to stand like a cactus and you have no cover. A rock at 50 yards, a sage bush at 30 yards and a cactus at 20 yards.  Between those you are exposed.  I'm actually into it because I like blowing up $20 carbon fiber arrows at 8o yards.  It's just good hiking in desert camo.

Posted by: submariner682 at December 01, 2008 07:50 AM (cmQ5h)

57 I wouldn't be shocked to hear that some illuminati obama supporters say this is due to the "hope."

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