Community | December 01, 2009 | 0 comments

Record spending this thanksgiving

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CarolineS
The weekend following Thanksgiving is probably the most important of the whole US retailing year.

The amount of money shelled out at the shops this weekend hit $41.2bn (£25bn) - a rise of 0.5% on 2008.

Even so, credit-crunched Americans spent around 8% less each than normal, an average of $343, in the days following last Thursday's holiday.

The total was higher because more of them - 195 million - shopped either online or by going out to stores.

The figures come from the largest retail trade organisation in the world, the National Retailers Association, a body that illustrates why we call the United States a consumer society.

Its members employ 24 million people - around one in five US workers.

http://news.bbc.co.uk/1/hi/business/8386936.stm
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    Community,   Current Tonight,   World Politics
  2. tags:
    Economy US Thanksgiving Spending
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