U.S. holiday retail spending dipped over Thanksgiving weekend
U.S. holiday retail spending dipped over Thanksgiving weekend according to the National Retail Federation survey, as more consumers opted to target sales discounts early in the season. Though promotions encouraged 154 M consumers to buy compared to 151 M last year at this time, the average per capita spend fell to $289.19 from $299.60 the year prior. The shift to online shopping continued rise, with 44% online and 40% in-store. Department stores (50.9%), discount stores (34.2%), electronics stores (30%) and clothing stores (28.4%) were the most popular with shoppers. Yet only 9% of shoppers finished their holiday shopping compared to 11% last year and along with the ongoing shift to shopping online, this suggests that "Cyber Monday" tallies could be quiet strong.