Sure it’s time for turkey and stuffing, but it’s also time for some of the craziest sales of the year. So where can you find the best deals? And how do you separate the items you should buy on Black Friday from the ‘filler deals’, the products stores promote as marked down, when in reality they’ll get much cheaper as the holidays approach?
First, lots of stores are planning to open ON THANKSGIVING — KMart, Sears, Walmart, Target, the Gap — and while this supposedly offers consumers more options, I have to wonder just how much farther from the meaning of the holiday we could possibly go.
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SAN FRANCISCO (Reuters) - Black Friday retail sales online this year topped $1 billion for the first time ever as more consumers used the Internet do their early holiday shopping, comScore Inc said on Sunday.
Online sales jumped 26 percent on Black Friday to $1.04 billion from sales of $816 million on the corresponding day last year, according to comScore data.
Amazon.com was the most-visited retail website on Black Friday, and it also posted the highest year-over-year visitor growth rate among the top five retailers. Wal-Mart Stores Inc’s website was second, followed by sites run by Best Buy Co., Target Corp. and Apple Inc, comScore noted.
Digital content and subscriptions, including e-books, digital music and video, was the fastest-growing retail category online, with sales up 29 percent versus Black Friday last year, according to comScore data.
E-commerce accounts for less than 10 percent of consumer spending in the United States. However, it is growing much faster than bricks-and-mortar retail as shoppers are lured by low prices, convenience, faster shipping and wide selection.
ShopperTrak, which counts foot traffic in physical retail stores, estimated Black Friday sales at $11.2 billion, down 1.8 percent from the same day last year.