![]() ![]() That was Friday, the start of the secular holiday season. In summary, Black Friday was good news for our recovering US economy. stores grew 6.3 percent to a record $1.52 billion on the day after Thanksgiving. And the Walmart chain said that sales at its U.S. ![]() According to CNN, retail stores took in $7.2 billion in sales on Friday, up 4.8 percent from a year earlier. In case you’re wondering, by all initial indications, Black Friday was a busy and successful day. ![]() Maybe some of you went shopping with millions of other Americans. To generate those sales, many retailers opened their doors at 6AM and some very eager consumers even camped out in the parking lot to get the best early bird specials. The traditional start to the holiday shopping season generates as much as 40 percent of annual revenues and nearly all the year’s profits for key gift destinations such as toy stores and apparel chains.” () One article that I read explained that, “Black Friday gets its name from the hope that on that day merchants’ financial statements will move out of the red and into the black. On Friday, retailers hosted Black Friday, the day after Thanksgiving when the mad rush of the commercial Christmas season gets into full steam. This week marked a transition on our calendars. ![]()
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