Black Friday offers few clues

As usual, the Friday after Thanksgiving offered little specific sales data but lots of anecdotes from shoppers, merchants and retail analysts. Most everyone says that stores were jammed during the early doorbuster hours, but shoppers were selective about their purchases. The seasonís first real test comes Saturday and Sunday. Last year, post-Thanksgiving business slowed down considerably after the early rush on Friday, and this year will probably be the same. With 32 days between Thanksgiving and Christmas - the longest possible stretch - shoppers might well hold off until retailers come up with more bargains. The NYT story is a bit gloomier than the WSJ roundup, but take all the early returns with a grain of salt. All told, look for sales to be up 3 percent to 4 percent over last year - somewhere between horrible and terrific.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook