tgt (2)

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Bleh Black Friday - Wait For Cyber Numbers

1291005?profile=RESIZE_320x320The National Federation of Retailers is out with some bad news about Black Friday – it sucked.  Some superlatives via WSJ:

“Shoppers spent an average $159.55 online, down 10.2% from $177.67 last year.”

“the number of people who went shopping over the four-day weekend declined by 5.2% to 134 million, from 141 million last year.”

“Total spending from Thursday through Sunday sank 11% from a year earlier to $50.9 billion”

The excuses you’ll hear will range from the warm weather in the Northeast to the protests to the late scheduling of Hanukkah this year to the whole “consumers are smart enough to wait til closer to Christmas”.  My own take is that online is going to be big all month long and traditional shopping patterns are null and void. There’s nothing important about Black Friday to most consumers anymore. They know the deals will be endless and often.

Courtesy of ReformedBroker

Kos here - My other thought is that it's tough to spend a lot on Christmas when you're earning minimu

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Weekend Reads

  • 1290481?profile=originalTesla $TSLA cuts deal with Cuomo allowing them to retain their five stores (as long as they don't open more)  Full Disclosure Kos is long TSLA
  • Putin calls Obama stating he has no plans to invade Ukraine further.  Bloomberg
  • The S&P lowered it's credit rating on Target $TGT to A from A+ following its weak Q4.  With Spring crawling (albeit slowly) across the nation, will warmer temps finally boost retailers?  Full disclosure Kos is long TGT.
  • Drag your kids kicking and screaming if you must, to school  47% of jobs are at high risk of becoming computerized over the next few decades, says a new Oxford University study..  (Do you really want them living with you for the rest of your life?)

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