“Heavy discounts and ‘door-buster’ promotions sent more than 140 million U.S. shoppers to stores during the three-day kickoff to holiday shopping, but overall customer traffic was seen falling from last year, a retail trade group said on Sunday,” Alexandria Sage reports for Reuters.
Sage reports, “Despite the drop-off, the National Retail Federation (NRF) estimated the average shopper spent 19 percent more than last year — or $360.15 versus $302.81.”
“Creative Strategies analyst Tim Bajarin said his weekend checks to malls showed strong sales of Apple Computer Inc.’s iPod, which could bode well for Apple’s quarterly results,” Sage reports.
Full article here.
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