Black Friday Shoppers Spending ’About Same’ as 2010: Retail

Molly Jones, a 31-year-old mother of two from Cincinnati, didn’t have a job a year ago, forcing her to cut back on holiday shopping. That has changed after recently being hired by an insurance company.

“Because last year was so hard I want to do some extra shopping for my kids,” said Jones, who started her shopping spree at Gap Inc.’s Old Navy chain yesterday and then camped outside a Target Corp. store to buy a television. “It’s on.”

From Mall of America in Bloomington, Minnesota, to The Galleria in Houston, retailers unleashed a blizzard of deals as Black Friday -- the biggest shopping day of the year -- got off to its earliest start ever. The discounting has been more widespread than last year as retailers tried to woo shoppers spooked by global economic uncertainty and stagnant job growth.

Read Full Article from BusinessWeek

- Posted: 2011-11-25 14:37:19

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