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Thanksgiving Weekend Spending Drops 11 Percent

Thanksgiving weekend sales for brick and mortar and online retailers fell about 11 percent year over year.

Thanksgiving, Black Friday and holiday weekend sales totaled about $50.9 million this year, down from the $57.4 billion of the same timeframe in 2013, according to preliminary data from the National Retail Federation.

“Executives at the retail federation, which had predicted strong growth in sales this holiday season, appeared at a loss to fully explain the drop-off,” according to an article from The New York Times.

“The results could show that ‘there are a significant number of Americans out there for whom the recession is not yet over,’” says Matthew Shay, the group’s president and chief executive, in the article.

To read The New York Times article, click here.

About Kate Klein

Kate is profiles editor for Hardware Retailing magazine. She reports on news and industry events and writes about retailers' unique contributions to the independent home improvement sector. She graduated from Cedarville University in her home state of Ohio, where she earned a bachelor's degree in English and minored in creative writing. She loves being an aunt, teaching writing to kids, running, reading, farm living and, as Walt Whitman says, traveling the open road, “healthy, free, the world before me.”

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