Breaking News Bar
posted: 12/1/2013 3:46 PM

Record crowds over weekend, but spending declined

hello
Success - Article sent! close
  • A record 248 million people are expected to shop in stores and online over the four-day Thanksgiving weekend that ends Sunday.

      A record 248 million people are expected to shop in stores and online over the four-day Thanksgiving weekend that ends Sunday.
    ASSOCIATED PRESS

 
Associated Press

NEW YORK -- Did retailers shoot themselves in the foot?

U.S. retailers offered holiday discounts in early November and opened stores on Thanksgiving Day to attract more shoppers. Those tactics drew bigger crowds, but they didn't motivate Americans to spend.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

A record 248 million people are expected to shop in stores and online over the four-day Thanksgiving weekend that ends Sunday, up from last year's 247 million, according to the National Retail Federation.

But total spending is expected to fall for the first time ever since the retail group started tracking it in 2006. Over the four-day weekend, spending is estimated to reach $57.4 billion, down 2.9 percent from last year.

The group says earlier discounts led Americans to shop before the weekend and be more cautious about spending.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.