“Shop til you Drop” used to be a light hearted phrase shouted in game shows, but this past weekend the saying was taken very seriously as over 226 million Americans spent an estimated $52 billion.
Thanks to Thanksgiving Day, Early Birds specials, Black Friday, Small Business Saturday and Cyber Monday; shoppers this weekend hit the stores and websites earlier, and in more ways than ever before.
Over three thousand participants were surveyed this weekend by National Retail Federation’s BIGresearch to find that the number of shoppers who started their trips Thanksgiving Day increased by 22% since 2009. The stores with the most traffic were department, discount and electronic stores, but even specialty and local shops saw an increase in sales.
Photo retrieved from National Post: Black Friday 2011
The study also shows that 37.8% of all purchases during the Black Friday weekend were made online, and 51.7% of participants said they have or will use their Smartphones and Tablets to make purchases.
“After a historic holiday weekend, retailers know the holiday season is far from over and will continue to look for ways to excite holiday shoppers and build on the momentum we’ve seen thus far.” Says Matthew Shay, President and CEO of the National Retailing Federation. (199)
Print Story
“Shop til you Drop” used to be a light hearted phrase shouted in game shows, but this past weekend the saying was taken very seriously as over 226 million Americans spent an estimated $52 billion. Thanks to Thanksgiving Day, Early Bird specials, Black Friday, Small Business Saturday and Cyber Monday; shoppers this weekend hit the stores and websites earlier, and in more ways than ever before.
“Stuffed to the brim from their holiday meals and eager to shop, more consumers than ever turned out for retailers’ Black Friday promotions, a promising sign for the economic recovery.” said National Retail Federation CEO and President, Matthew Shay. The National Retail Federation conducted its annual survey with BIGresearch from Thursday through Saturday, involving over three thousand consumers. The poll found that the number of shoppers who started their trips Thanksgiving Day increased by 22% since 2009, and the stores with the most traffic were department, discount and electronic stores; however specialty and local shops also saw a large increase in sales.
The study also shows that 37% of shoppers owning Smartphones or Tablets will use them to research products, while 26% will use their devices to make purchases. Therefore, over half of the individuals studied said that their purchases would be made through technology.
Executive Vice President of BIGresearch, Phil Rist says, “Consumers are clearly demonstrating their desire to spend this holiday season, but are far from throwing caution to the wind when it comes to how much they will spend on gifts,” (250)
Broadcast Story
BLACK FRIDAY SALES
Anchor - David
{***DAVID***}
<on cam graphic - shopper rush>
"SHOP TIL YOU DROP USED TO BE A LIGHT HEARTED PHRASE SHOUTED IN GAME SHOWS, BUT THIS PAST WEEKEND THE SAYING WAS TAKEN VERY SERIOUSLY AS OVER 226 MILLION AMERICANS SPENT AND ESTIMATED $52 BILLION.
THANKS TO EARLY BIRD SPECIALS, THANKSGIVING DAY, BLACK FRIDAY, SMALL BUSINESS SATURDAY AND CYBER MONDAY; SHOPPERS THIS WEEKEND HIT THE STORES AND WEBSITES EARLIER THAN EVER BEFORE.
<on cam graphic - switch to sales graph>
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"AFTER A HISTORIC HOLIDAY WEEKEND, RETAILERS KNOW THE HOLIDAY SEASON IS FAR FROM OVER ... 23 seconds <National Retailing Federation President and CEO Matthew Shay speaks about his expectations for the holiday sales>
{***OQ***}
{***DAVID***}
THE NATIONAL RETAIL FEDERATION CONDUCTED ITS ANNUAL SURVEY WITH BIGresearch THIS WEEKEND, INVOLVING OVER THREE THOUSAND CONSUMERS. THE POLL FOUND THAT THE NUMBER OF SHOPPERS WHO STARTED THEIR TRIPS BEFORE DAWN ON BLACK FRIDAY INCREASED BY 22% SINCE 2009. THE STORES WITH THE MOST TRAFFIC WERE DEPARTMENT, DISCOUNT AND ELECTRONIC STORES WITH OVER HALF THE PURCHASES MADE ONLINE. RETAIL RESEARCHERS SAY THIS IS A GREAT INDICATOR TO HOW THE HOLIDAY SEASON WILL GO.
*All information is from the National Retail Federation, The Voice of Retail Worldwide.

