Nation

Economic struggles are no match for holiday shoppers

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BY Josh Katzenstein
PUBLISHED: 11/30/2008

Despite the projected slowing in holiday spending, this past weekend, known to many as “Black Friday weekend,” saw a dramatic increase in consumer spending from 2007.

According to a survey by the National Retail Federation, more than 172.8 million adults shopped this weekend, making it the biggest Black Friday weekend ever, with nearly 42.6 percent of those shoppers going out the Friday after Thanksgiving.

On average, each shopper spent about $372 this weekend, a 7.2 percent increase from 2007, according to the NRF.

The NRF projected a 2.2 percent national sales gain over the holiday months, and despite the high-revenue weekend, NRF spokesman Scott Krugman said he expects the spending to slow down.

“If past years are any indication, consumers tend to slow down their shopping after Black Friday and then pick up again the week before and the week after Christmas,” he said.

Krugman said the weekend numbers were high because of the high demand for discounts and the heightened purchase of large items, such as high definition televisions.

Len Roussel , senior Geek Squad employee at Best Buy in Roseville, said his store saw its highest sales numbers ever on the day after Thanksgiving.

He attributed this increase to an influx in the purchase of home entertainment equipment as a result of the rise in movie ticket prices.

The many hundreds of people lined up outside made it difficult to tell that there was an ongoing economic crisis, Roussel said.

He said the Roseville Best Buy’s year-by-year sales are up so far despite the economy, and the newly remodeled store may draw some new people in.

Another newly remodeled store near the University of Minnesota saw a spike in sales this weekend as well.

The Minneapolis Northeast Target store in The Quarry shopping center also increased its sales from last year’s Black Friday, store team leader Daren Muscha said.

While some stores had longer and bigger sales, Target did not change its annual Black Friday strategy.

“I didn’t really see a very apparent strategy by Target to make prices even better than ever before,” he said. “I think this year we steered the course like we always have.”

But not everybody was out shopping the day after Thanksgiving.

Family social science professor Bill Doherty said nearly 300 people attended an anti-Black Friday event at Unity Church-Unitarian in St. Paul .

“I think it’s become the cultural symbol of consumer excess, of competition for deals and for beginning the holiday season on a note of franticness,” he said. “It’s become kind of a cultural symbol of excess.”

He said some people have engaged in violence for deals, noting the trampling death of a Wal-Mart employee as an example of the “unregulated greed” in America.

The economy did change the way at least one student approached this consumerist holiday.

Neuroscience senior Kathleen Kane said she went shopping on Black Friday but did not buy anything.

“I know my family is definitely scaling down this year,” she said. “We’re doing Secret Santa instead of getting gifts for everyone.”

Kane said she visited Target, Circuit City , Best Buy, Borders and Wal-Mart with her friends but was not interested in the sales on the high-priced items, like televisions.

While some people are cutting back, the numbers indicate that Black Friday remained a success.

“It felt like another day at the office on Black Friday,” Muscha said.

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