Business
Black Friday, Cyber Monday sales disappoint, another sign the economic recovery is stumbling – Washington Post
Fewer Americans shopped on Black Friday weekend, and those who did spent 14 percent less — $312 on average — than last year.
The industry group attributed those declines in Black Friday sales to a flurry of early holiday deals that retailers began rolling out in October. But analysts said a number of economic uncertainties, combined with high unemployment and rising coronavirus case rates, have put a damper on consumer spending during the all-important shopping period.
Its going to be a tough holiday season for most retailers, said Paula Rosenblum, managing partner at RSR Research. Target, Walmart, grocers and sporting…
