CEOs of Major Retailers Call Black Friday Sales a Promising Start


Now that the first big burst of Black Friday weekend shopping is done, we thought we’d check in with some top executives and analysts in the retail industry to get an early read on things so far. The weekend is expected to generate sales of $50 billion and some 140 million Americans are expected to hit the stores.

By all accounts, the peak holiday season got off to a promising start, with big jumps in online sales and shoppers in the mood to spend.

Wal-Mart Stores said Thanksgiving, now called “Gray Thursday” by some, was its second busiest day ever for online sales after Cyber Monday last year, giving it a boost as traffic barely budged compared to two years ago. Target reported its biggest e-commerce day ever, though it is starting from a lower base.

Stores generally opened earlier than they did last year, helping business. Randy Tennison, senior…

View original post 621 more words

Leave a comment

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: