The Friday after Thanksgiving is known for heavy spending in retail
stores, but it’s clear that consumers are increasingly turning to the
Internet to make their holiday purchases,” said Comscore Chairman Gian
Fulgoni at the time. “Online spending on Black Friday has historically
represented an early indicator of how the rest of the season will shake
out. That the 22-percent growth rate versus last year is outpacing the
overall growth rate for the first three weeks of the season should be
seen as a sign of positive momentum.
The Great Recession began one month after this “sign of positive momentum.” A strong holiday shopping season won’t mean we are out of the woods and could mean we are just entering them.
Read more at:The Calm Before the Economic Storm | Equities.com
The Great Recession began one month after this “sign of positive momentum.” A strong holiday shopping season won’t mean we are out of the woods and could mean we are just entering them.
Read more at:The Calm Before the Economic Storm | Equities.com
