Black Friday 2011 Sales Break Historic Record, Up Seven Percent Over 2010

Black Friday Sales Record 2011

First Posted: 11/26/11 08:51 PM ET Updated: 11/26/11 08:51 PM ET

AP — The holiday shopping season got off to a strong start on Black Friday, with retail sales up 7 per cent over last year, according to the most recent survey. Now stores just have to keep buyers coming back without the promise of door-buster savings.

Buyers spent $11.4 billion at retail stores and malls, up nearly $1 billion from last year, according to a Saturday report from ShopperTrak. It was the largest amount ever spent on the day after the Thanksgiving holiday that marks the beginning of the holiday shopping season, and the biggest year-over-year increase since 2007. Chicago-based ShopperTrak gathers data from 25,000 outlets across the U.S., including individual stores and shopping centres.

The Mall of America in Bloomington, Minnesota, broke its Black Friday record for shoppers, thanks to a decision to open at midnight for the first time. Around 210,000 visitors came to the mall on Friday, up from 200,000 last year, according to mall spokeswoman Bridget Jewell.

Online shopping was strong as well, with a 24.3 per cent increase in online spending on Black Friday, according to IBM, which tracks sales at 500 online retailers.

Bill Martin, who founded ShopperTrak, said he was surprised by the strong showing. He had expected the weak economy to dent consumer confidence and keep more shoppers out of the stores, or at least from spending much. Instead, he said, they responded to a blanket of promotions, from 60- and 70-per cent off deals to door-buster savings on electronics.

"I'm pleased to see it. You can't have a great season without having a good Black Friday," Martin told The Associated Press in an interview.

Sales were also up 4 per cent each in the two weeks leading up to Black Friday, as retailers started their promotions earlier than usual or extended their hours. The day is named Black Friday because it supposedly puts retailers "in the black."

Still, he suspects things will quiet down this weekend, as promotions end and the buying frenzy subsides. ShopperTrak is expecting holiday sales to be up 3.3 per cent this season. Retailers generally rely on sales between Thanksgiving and Christmas to make up 20 per cent of their annual take.
There weren't many shoppers at Pioneer Place Mall in Portland, Oregon, on Saturday.

"This is great, I'm glad I waited," said MaryJane Danan, who drove two hours from Corvallis, Oregon, to go shopping with her teenage daughters. She stayed home on Black Friday because she thought the crowds would be huge. But she was surprised by how few people were out Saturday.

At Crabtree Valley Mall in Raleigh, North Carolina, Mary Aker was forced to use valet parking Friday because she couldn't find a parking spot. But on Saturday, the pace had let up a little, so she and her husband came back to do some more shopping.

Aker, 58, a retired librarian, said she's spending about as much as she usually does for Christmas. But she's asking people what they want ahead of time to make sure everyone is happy.

At the same mall, sisters Patricia Harrington, Betty Thomas and Laverne Kelly had been shopping all weekend, starting with an all-nighter Thursday after Thanksgiving dinner. The sisters said things calmed down considerably by Friday and Saturday. They suspected a lot of people were shopping online, but they were also underwhelmed by the discounts.

"People are losing their jobs. They should have better deals," said Kelly, 50 and a customer service agent at FedEx.

"There are a lot of people out here but fewer bags," added Thomas, 52 and a health co-ordinator at a Raleigh hospital.

Thanksgiving weekend, particularly Black Friday, is huge for retailers. Over the past six years, Black Friday was the biggest sales day of the year, and it is expected to keep that crown this year, though shoppers seem to be procrastinating more every year and the fate of the holiday season is increasingly coming down to the last few days before Christmas.

Last year, the Thanksgiving shopping weekend accounted for 12.1 per cent of overall holiday sales. Black Friday made up about half of that.
___
AP Business Writer Sarah Skidmore contributed from Portland, Ore. AP Business Writer Christina Rexrode contributed from Raleigh, North Carolina.

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AP — The holiday shopping season got off to a strong start on Black Friday, with retail sales up 7 per cent over last year, according to the most recent survey. Now stores just have to keep buyers c...
AP — The holiday shopping season got off to a strong start on Black Friday, with retail sales up 7 per cent over last year, according to the most recent survey. Now stores just have to keep buyers c...
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HUFFPOST SUPER USER
RudyHaugeneder
12:55 AM on 11/29/2011
There is no recession in the USA. Black Friday proves it. It's a phony media story. Americans have more money than ever and spend more than ever and certainly aren't suffering. Only the lazy don't have jobs or good pay. Look at the Black Friday and holiday spending statistics.
The average American has a good job, good pay, and is also saving more than ever.
People who shop like mad aren't poor or unemployed. Average Americans are shopping and spending more than ever in the history of the USA. Those who say otherwise are lazy and liars and spend too much time on HP.
09:15 AM on 11/27/2011
From the looks of the pic IMMIGRATION should have been at Walmart asking for green cards! Oh WAIT! You dont need one anymore! My bad!
www.iseestupidpeople.net
12:22 PM on 11/27/2011
What a dumb comment. How do you know those "immigrants" are not U.S CITIZENS?? How can you tell???
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HUFFPOST SUPER USER
rextrek
50yr old, Moderate-liberal in S.NJ/Phila
08:59 AM on 11/27/2011
Once again americans make complete greedy fools of themselves
HUFFPOST SUPER USER
racc
08:54 AM on 11/27/2011
When a country doesn't make consumer goods any more, it is time to move away from the consumer economy. It is just common sense. Even higher taxes to pay for more infrastructure, especially rail and transit would make more sense. At least the jobs would stay in the country.
04:43 AM on 11/27/2011
Suckers. The stores are suckers too. China is saying, "hehe, how do you like our Opium".
yer
Stop the Alberta Taliban
01:28 AM on 11/27/2011
that's nice. Now, why is this front page on a so called, "Canadian" page??
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HUFFPOST SUPER USER
Russg
01:40 AM on 11/27/2011
Why shouldn't it be? The data may be American, but the shopping day occurs here as well and the trends probably hold true.

You do realize that you are free to not click on links that you don't want to read, right?
yer
Stop the Alberta Taliban
02:21 AM on 11/27/2011
This is not a Canadian thing. I heard from friends that stores are trying this here. No way. This isn't the front page on the UK Huff Po so why should I take it here?

For once, get over yourselves. If I'm on a Canadian page, I'd like to read Canadian news. Literally there is so much American news because the corporations want us to be fed this. We don't need Black Friday, our Thanksgiving was in October!!!!

So, literally, this is a made up holiday for corporations. Not even a kinda-close to any holiday for anyone in Canada. It's stupid, sorry
yer
Stop the Alberta Taliban
02:23 AM on 11/27/2011
Oh and apparently no shopping boost in Canada when they tried it here. There's nothing to connect it to, thus it failed.
cdnman
Still a free spirit...
04:18 AM on 11/27/2011
Short on news? Huff never does have much Canadian content.
This user has chosen to opt out of the Badges program
photo
08:20 AM on 11/27/2011
Really? C'mon now. I'm sure the got a few links to the Grey Cup. I'll Check Sports.

......... Uhm , Alabama beat Auburn. Eh

Is that Big down there?
yer
Stop the Alberta Taliban
12:41 PM on 11/27/2011
yeah that's true
12:10 AM on 11/27/2011
Most useless headline in a while. How does spending money on a big screen TV designed and marketed by a Japanese company and built by a Chinese factory help the American economy, except by the tiny tiny percentage that actually finds its way into the pocket of the poor schlub behind the cash register? And how does spending money on a big screen TV designed and marketed by a Japanese company and built by a Chinese factory help the Canadian economy, except by the tiny tiny percentage that actually finds its way into the pocket of the poor schlub behind the cash register? HELLO PEOPLE - wake up - this kind of spending isn't going to help the American or Canadian Economy. So please spend a dollar or a loonie and buy a clue.
05:10 AM on 11/27/2011
Oh, but it help those who helped build the system that makes it possible. The Walton's are enjoying it. The government is there to help create a small number of wealthy. Who sets up trade infrastructure? Not Walmart!

Walmart is just a title for the scapegoat.

How about the government help create such infrastructure on the small scale? Too much centralization will end up focusing wealth to the few

If people want cheap things, then welcome to cheap jobs. The cycle continues. It is time the education system restructures itself to training people to fish, and not feeding them fish. Intellectual Property kills economies. Innovation only occurs when you are able to actually innovate, and strong economies are flexible. IP blocks off accessibility and makes economies brittle. IP allows centralization to happen.
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CanuckistanCommie
I ain't no Commie but Pat Buchanan thinks so!
12:10 AM on 11/27/2011
And where were these products made??
This sure as heck DOES NOT create American jobs, it only allows for those to spend what they have.
Think about it. Apple sells 4 million I-phone 4s in 2 days. At $650 a pop, that's $2.6 billion in stimulus. And where exactly or for whom was that stimulus made for?? China!!
American consumers are killing themselves and too many are blind to see it!!!
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HUFFPOST SUPER USER
Russg
01:42 AM on 11/27/2011
Why do so many people have this impression that all the revenue goes to China?

A iPhone 4s costs $196 for parts and manufacturing costs. The bulk of that goes to China, yes. The rest of it stays in the country where the phone is sold as profit. Now, in Apple's case that means it goes into the money pile, but that's a far cry from going straight to China.
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CanuckistanCommie
I ain't no Commie but Pat Buchanan thinks so!
02:12 AM on 11/27/2011
The cost just isn't the product itself. Take the man power that it took to make the product. That manpower is in China.
The cost to the US, massive unemployment in the manufacturing industry which means social service costs, unemployment payments et al.
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HUFFPOST SUPER USER
Russg
01:43 AM on 11/27/2011
Chances are the computer you are posting on was made overseas. Where were your clothes manufactured? How about the furnace and/or air conditioner you use to heat/cool your home? I bet those come from overseas too.

Why are you complaining about something so hypocritical?
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CanuckistanCommie
I ain't no Commie but Pat Buchanan thinks so!
02:22 AM on 11/27/2011
Yes, but my computer is 10 years old and gets upgraded each year with North American made parts.
My home was 11 years old when I bought it and any new repairs are carefully shopped for.
I have recently renovated my home with all materials originating from North America.
My vehicles and trailer are North American made. I read every label to ensure that the product was manufactured here. If the label says "Imported by..." It goes back on the shelf.
I DO NOT shop at Walmart.
I DO NOT shop for Apple or Dell products.
I acknowledge that an absolute boycott of foreign made goods is impossible but I do my best to shop at home AND participate in the example below.
That is what needs to happen to each and every family in America.
If these 80 plus million families were to divert $10,000 of their annual spending from foreign manufactured goods to domestic ones, over 12 million new jobs will be created in the US.
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withonor
Progressive Liberal Independent
11:43 PM on 11/26/2011
One good day does not a recovery make.

This is the biggest sales day of the year. It's the same exact day every year. People plan for it, more so this year than any other. It will be reflected in the following weeks unless retailers roll out other huge sales between now and Christmas.

Besides that, sales and profit don't define a recovery. Jobs do and they have been dismal.
11:42 PM on 11/26/2011
People spending money they don't have.
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iLdoRight
Encouraging The Rightest Rightness
11:34 PM on 11/26/2011
My favorite TVs I watch is (1) a 13 inch old style color TV that is 14 feet away and (2) a 5 inch black and white TV that is 3 feet away so I can hear content better at low volume and read anything that might be printed on the broadcast picture. I would not go buy one of the new large flat screen TVs if they were only $100. They tend to make me feel inferior. Some in the neighborhood have some that are monstrously large. I can see them through their front window as I ride down the street and think, "What for, is there anything that important on TV except some news and health spots?"
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HUFFPOST SUPER USER
CabCurious
let's be honest
11:08 PM on 11/26/2011
I find it entertaining how the conservative fringes have been arguing AGAINST signs of economic vitality and AGAINST supporting small businesses.
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grizzly bear55
King of the forest
11:02 PM on 11/26/2011
People have to Understand, Canada is not the US.

We have better wages and better regulations to protect labour, which in turn makes the economy stronger.
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CanuckistanCommie
I ain't no Commie but Pat Buchanan thinks so!
12:12 AM on 11/27/2011
Agreed. The median salary in the US continues to drop and no new jobs created.
With the drop in salary comes less spending which leads to even more jobs being lost.
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CarlyQ
Without followers, evil cannot spread.
05:09 AM on 11/27/2011
Our wages aren't better and they've been stagnant for a couple of decades but, so far, at least the wealth inequality hasn't reached the proportions it has in the US. That will change with time, however, while everything becomes privatized, de-regulated and tilted in favour of big business.
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KarmaPatrol
Riverboat Gambler, satellite whisperer. Independe
10:15 PM on 11/26/2011
When there's no more house payments to worry about (re: couch-surfing, living with relatives, or a lower price apartment), probably good to splurge a bit for the kids and have a latte on top of it all.
Realist2011
beware false profits....
09:50 PM on 11/26/2011
The end of the first week of 2012, let me know if that 7% increase is still holding up, okay? I suspect that you just tallied the entire amount of money that will be spent between now and then. My suspicion is that we'll end up "revising" that number down considerably. I can't imagine, as bad as our economy has gotten in the last year, that the economies in Canada and the US has suddenly changed direction without the help of jobs and income increases.
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Billk29
Justified Ancient of Mu
10:50 PM on 11/26/2011
Also,anyone can buy on a credit card.Doesn't mean the economy improved.
yer
Stop the Alberta Taliban
03:12 AM on 11/27/2011
different dynamics as loosely illustrated here: http://www.mint.com/blog/trends/canada-and-mexico-vs-the-us-a-visual-comparison/