Monday, November 30, 2015

Thanksgiving shopping at stores ‘was a bust’........ANOTHER PESKY FACT!

Thanksgiving shopping at stores 'was a bust'

SunTrust analysts said channel checks showed slow traffic on Thanksgiving and early on Black Friday.

Traffic at stores declined on Thanksgiving Day and into the wee hours of Black Friday analysts say.

"We believe Thanksgiving shopping was a bust," said analysts at SunTrust Robinson Humphrey in a note. They conducted channel checks in the New York metro area, New England and the Southeast region starting on Thanksgiving Day and throughout the night into Black Friday.

SunTrust said specialty retail and apparel team members who went to malls "had no problem finding parking or navigating stores" and "there seemed to be more browsing than buying and less items purchased."

This was also true at Wal-Mart and Target, with lines at about half of what they were last year.

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