The retailers witnessed a big surge in the sales on Thanksgiving Day, which further led to a dip in the spending on Black Friday, the biggest shopping day in the United States.
The sales jumped a whopping 24 percent on Thanksgiving Day in comparison to last year’s sales, increasing to USD 3.2 billion.
There were several retailers who chose to shut their doors on Thanksgiving Day. Some of them were PC Richard & Son, Dillard’s, Burlington, REI, American Girl and several others. But these retailers reported a good turnout when they opened their doors on Black Friday.
Gregg Richard, President and CEO of P.C. Richard and Son, said, “It was a great day. Black Friday is still an important day to us, and we were busy throughout the day.”
Among those which kept their stores open on Thanksgiving Day include: WalMart, Kohl’s, Target, Macy’s, Toys R Us and Kmart.
On Black Friday, the shoppers spent USD 9.1 billion at stores. This is a 7 percent decline as compared to the 2013 figures as bargain-hungry shoppers decreased more dough on Thanksgiving day.
Sales jumped a whopping 24 percent on the holiday itself than 2013, surging to USD 3.2 billion. Notably, it doesn’t include the online sales.
Regina Novickis, a consumer expert at Slickdeals, “We’re seeing retailers stretch and have their sales open online Thanksgiving morning, and customers respond to that.”
According to the National Retail Federaton, 140 million shoppers are likely to spend through stores or online forums over the long Thanksgiving weekend.
This year, the two-day haul was USD 12.29 billion against USD 12.35 billion tallied last year.