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Holiday Sales Surge on Deep Discounts

But retailers worry huge bargains may cut deeply into their profits

By Jim O'Neill, Newser User

Posted Dec 1, 2008 7:19 AM CST

(Newser) – Desperate retailers received a jolt of good news this weekend as shoppers poured into stores and spent 7% more—an average $372.57 each—than they did a year ago, reports the New York Times. But Black Friday glee may be replaced with gloom as... Read full story »

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Target • holiday shopping • Black Friday • National Retail Federation • financial crisis

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Holiday Sales Surge on Deep Discounts

But retailers worry huge bargains may cut deeply into their profits

Target • holiday shopping • Black Friday • National Retail Federation • financial crisis

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More Newser Stories

Target Worker Fights 'Black Midnight' Hours

Shifts start at 11pm on Thanksgiving, to employees' dismay

Stores Turn Black Friday Into Black Midnight

Target, Macy's kicking off holiday shopping season earlier than ever

Sales Rise Even Though Shoppers Spend Less

$41.2B weekend total beats 2008 haul by $1.2B

Wal-Mart Death a Fitting Symbol of the Times

Desperate consumers, ailing economy make for dangerous combination

Retail Leads Black Friday Rally

Wal-Mart, Target, JC Penney all gain; Citigroup rebounds

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