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NRF Black Friday Distortions

Over the weekend I received some taunts about how “great” Black Friday was.
Bloomberg reported U.S. Shoppers Spend 19% More on Thanksgiving Weekend.
Nov. 26 (Bloomberg) — U.S. shoppers spent 18.9 percent more over the Thanksgiving weekend than last year, kicking off holiday gift buying with purchases of discounted wide-screen televisions and clothes, the National Retail Federation said.
Consumers spent an average $360.15 […]

Read entire article by Michael Shedlock

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