Another Real Black Friday Number….
Courtesy of Karl Denninger at The Market Ticker
The NPD Group’s Weekly Tracking Service**, the industry source for actual point-of-sale data (POS) from Black Friday. Total revenue for the week of Black Friday*** was slightly more than $2.7 billion, down 1.2 percent from 2008, but an improvement over the 3.4 percent decline noted last year.
Now there’s a real number – an actual count out of POS terminals.
That’s cash registers for those who would prefer "Joe Six Pack" language.
Better, here are the actual price changes from 2008 to 2009 (and 2007 to 2008) based on actual items sold: (click for the full report at the source’s web site)
Do not believe the pumpers on CNBS and elsewhere.
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Black Friday sucked rocks though a hose for "big ticket" consumer electronics dealers with double-digit price declines in all categories of consumer electronics save one, and with total revenue at the cash register for Black Friday was down 1.2% from the dismal, near-collapse numbers put up in 2008.
