HDTV Expert - Black Friday: Boom, Or Bust?
Black Friday 2013 retail data presents a contradictory picture: while total weekend spending was estimated at $57.4B and online purchases hit a record 40% of all transactions, Black Friday brick-and-mortar sales actually declined 13.2% from 2012, cannibalized by earlier Thanksgiving store openings. Mobile devices accounted for 40% of online traffic and roughly 22-26% of online sales, with smartphones driving 25% of Friday shopping traffic. Electronics and Blu-ray discs ranked among the top four in-store purchases, yet Walmart, Target, and Best Buy all lowered quarterly expectations amid sliding consumer confidence.