BizTracker: Thanksgiving weekend retail spending fell 11%

Retail spending over the Thanksgiving weekend fell 11 percent, its second consecutive annual decline, according to National Retail Federation.

 

Total spending from Thursday through Sunday sank 11 percent from a year earlier to $50.9 billion, according to the NRF’s Thanksgiving Weekend Spending Survey conducted by Prosper Insights & Analytics. Shoppers spent an average $380.95, down 6.4 percent from $407.02 a year earlier.

Total shopping, including multiple trips by the same shopper, was also down during the weekend (233.3 million vs. 248.6 million a year ago).

For more, read BizTimes BizTracker.

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