National Retail Federation
NEWS RELEASE
THE VOICE OF RETAIL WORLDWIDE
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Black Friday Verdict: As Expected, Number of
Shoppers Up, Average Spending Down
-Americans Spent $41.2 Billion Over Holiday Weekend-
Washington,
November 29, 2009 –As the closely-watched Black Friday weekend winds down, a
National Retail Federation survey conducted over the weekend confirms the
expected: more people spent less. According to NRF’s Black Friday shopping
survey, conducted by BIGresearch, 195 million shoppers visited stores and
websites over Black Friday weekend*, up from 172 million last year. However, the
average spending over the weekend dropped to $343.31 per person from $372.57 a
year ago. Total spending reached an estimated $41.2 billion.
“Shoppers proved this weekend that they were willing to open their wallets for a
bargain, heading out to take advantage of great deals on less expensive items
like toys, small appliances and winter clothes,” said Tracy Mullin, NRF
President and CEO. “While retailers are encouraged by the number of Americans
who shopped over Black Friday weekend, they know they have their work cut out
for them to keep people coming back through Christmas. Shoppers can continue to
expect retailers to focus on low prices and bargains through the end of
December.”
Shoppe
“In an economy like this one, every retailer wants to be a discounter,” said
Tracy Mullin, NRF President and CEO. “Department stores have done an admirable
job touting both low prices and good quality, which are important requirements
for holiday shoppers on a budget.”
According to the survey, nearly one-third (32.2%) of shoppers purchased toys, an
increase of 12.9 percent from last year. Additionally, more people purchased
sporting goods (12.6% vs. 11.4% last year), personal care or beauty items (22.4%
vs. 19.0%) and gift cards (21.2% vs. 18.7%). The most popular purchases were of
clothing (50.9%) and books (40.3%), which remained nearly unchanged over last
year.
In order to nab the best holiday items, more shoppers headed out for bargains
while it was still dark outside. According to the survey, nearly one-third of
shoppers (31.2%) were at the stores by 5 a.m., compared with 23.3 percent who
were at stores by that time last year.
“During a more robust economy, people may be inclined to hit the “snooze” button
on Black Friday, but high unemployment and a focus on price caused shoppers to
visit stores early in anticipation of the best deals,” said Phil Rist, Executive
Vice President, Strategic Initiatives, BIGresearch.
About the Survey
The survey, conducted Nov. 26-28, 2009 by BIGresearch for NRF, polled 4,985
consumers and has a margin of error of plus or minus 1.4%.
BIGresearch is a consumer market intelligence firm that provides unique
consumer insights that are gathered online utilizing very large sample sizes.
BIGresearch’s syndicated Consumer Intentions and Actions survey monitors the
pulse of more than 8,000 consumers each month to empower its clients with unique
insights for identifying opportunities in a fragmented and changing marketplace.
The National Retail Federation is the world's largest retail trade association,
with membership that comprises all retail formats and channels of distribution
including department, specialty, discount, catalog, Internet, independent
stores, chain restaurants, drug stores and grocery stores as well as the
industry's key trading partners of retail goods and services. NRF represents an
industry with more than 1.6 million U.S. retail establishments, more than 24
million employees - about one in five American workers - and 2007 sales of $4.5
trillion. As the industry umbrella group, NRF also represents more than 100
state, national and international retail associations.
www.nrf.com
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