Posted: Nov 30, 2009 7:06 AM by Associated Press
Retailers have taken some mild encouragement from the first big holiday shopping weekend and now it's the e-tailers' turn. The attention now shifts to the online promotions known as Cyber Monday, as well getting people to come back and shop more.
Retailers saw a huge crowd of bargain shoppers for early morning deals Friday, but economic worries were apparent as shoppers mostly stuck to their lists and focused on practical items.
According to preliminary figures released Saturday by the research firm ShopperTrak sales rose 0.5 percent over last year. Data released yesterday by the Internet research firm comScore shows online sales already up 11 percent, thanks to a big boost from promotions the week leading into the Thanksgiving weekend.
The National Retail Federation trade group said Sunday it's sticking to its forecast for holiday sales to decline 1 percent from last year.