Posted by Shirley Brady on November 25, 2011 12:28 PM
Retailers are seeing bigger crowds at America's malls and stores in the wake of chains like Macy's and Target opening their doors at midnight. Toys R Us and a few other stores that opened on Thanksgiving Day are still overflowing with shoppers, reports AP.
Depending how today's retail rally goes, sales at U.S. brick-and-mortar stores may rise 2.8 percent — compared with 5.2 percent last year — to $465.6 billion this holiday season, according to the National Retail Federation estimates. Online revenue, fueled by Cyber Monday, could advance 15 percent to $37.6 billion, according to ComScore.
Black Friday/Cyber Monday isn't just an American phenom, with Canadian retailers getting into the spirit, and brands like Apple offering worldwide sales today. The down side: reports of violence in at least five states, primarily at Walmart stores, including two shootings and a pepper-spraying incident.