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Cyber Monday

Thanksgiving a ‘wonderful time’ for retailers

Thanksgiving a ‘wonderful time’ for retailers

NEW YORK — Seventy-nine percent of consumers will shop for holiday gifts during the period between Thanksgiving and Cyber Monday, according to Deloitte LLP, which has dubbed the upcoming weekend “the most wonderful time of the year” for retailers. Shoppers are expected to spend an average of $415 over Thanksgiving weekend, with 87% of those

Thanksgiving shopping saw deeper discounts

Thanksgiving shopping saw deeper discounts

CHICAGO — The nation’s retailers used hefty discounts to lure Black Friday shoppers into their stores and to their websites to capture as much spending as they could over the four-day Thanksgiving weekend, according to research firm Market Track LLC. Retailers proactively released their circulars on average three days earlier than last year through their

Deloitte forecasts solid Thanksgiving weekend

Deloitte forecasts solid Thanksgiving weekend

NEW YORK — A survey from Deloitte LLP finds that 76% of Americans will go shopping over the Thanksgiving weekend. The firm forecasts per-capita spending of $400 over the four days between Thanksgiving and Cyber Monday, an increase of nearly 8% from last year’s $369. “Holiday shopping often kicks in a little later during election

Seminal retail event

NEW YORK – Surging online sales contrasted with disappointing brick-and-mortar volume as the holiday shopping season got under way. E-commerce purchases soared 14% on Cyber Monday to a record $3 billion plus, causing websites including target.com to temporarily crash from overuse. In-store crowds for Black Friday, by comparison, were thinner than expected. ShopperTrak estimated brick-and-mortar