Tags: shoppers | malls | black | friday

More US Shoppers at Malls Black Friday Weekend-NRF

Thursday, 18 Nov 2010 07:05 AM

 

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NEW YORK - As many as 138 million U.S. shoppers could be hunting for Black Friday bargains during the three days after Thanksgiving, according to a retail trade group survey released Thursday.

Nearly 60 million Americans plan to hit the stores, while an additional 78 million might join the crowds of shoppers, the National Retail Federation said.

The total number of possible shoppers is 4 million more than forecast last year, when the NRF forecast 134 million Americans would be out shopping over the three-day weekend.

The group does a follow-up survey to ascertain how many of those consumers actually did shop over the weekend, but it includes shoppers on Thanksgiving day.

Black Friday, which falls Nov. 26, is a key date for retailers, representing the traditional post-Thanksgiving kickoff to the holiday shopping season.

Retailers from Macy's Inc to Best Buy Co Inc try to lure shoppers through "door-buster" deals offering low prices on coveted gifts and the deals continue throughout the weekend.

The higher turnout expected for the Black Friday weekend supports an earlier NRF forecast of a 2.3 percent increase in sales in November and December, compared with a 0.4 percent increase in 2009.

In 2008, during the worst financial crisis in decades, sales fell by 3.9 percent.

The widely-expected uptick in shopping this year is welcomed by retailers, but they remain wary, leaving little to chance in their fight for holiday sales. Knowing consumers are still hesitant to spend and are looking to save money, many are focused on increasing sales by poaching customers from their rivals.

Amid high unemployment and a tepid economic recovery, more U.S. consumers are paring back their spending for the holiday season, according to a survey from consumer research firm America's Research Group.

This year's higher forecast for Black Friday shoppers is smaller than the change from 2008 to 2009, when an additional 6 million shoppers were expected. (Reporting by Jon Lentz; editing by Andre Grenon)

© 2014 Thomson/Reuters. All rights reserved.

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