Black Friday Weekend Was A Billion Dollar Bonanza For NYC

Excited shoppers make a run for the sales on Friday in Louisiana (AP).

On Black Friday itself Americans spent $11.4 billion but that's nothing compared to what we spent over the Thursday-Sunday "Black Friday" holiday weekend. According to the National Retail Foundation $52 billion dollars were spent in that period! And, if the NYC Economic Development Corporation is correct, a whole lot of that cash was spent here in town.

The EDC estimates that 2 percent of the total Black Friday weekend spending was done in the city, meaning approximately $1 billion dollars. According to the NRF survey the 226 million shoppers this weekend (up from 212 million) spent an average of $398.62 million over the weekend (up from $365.34) with the most popular purchases being clothing, accessories and electronics. Did someone say something about a terrible economy?

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By Garth Johnston in News on November 29, 2011 5:08 PM

Comments [rss]

RogueCopyEditor

According to the National Retail Foundation $52 billion dollars were spent in that period!

You know using the $ symbol means you don't have to write out "dollars," right?

Militant Conformist

According to the NRF survey the 226 million shoppers this weekend (up from 212 million) spent an average of $398.62 million over the weekend (up from $365.34) ___________

I think you should remove the third "million" in the sentence above

"Tim Osman"

Yeah but not a dime went to those lying bastards at the NYC Hollister flagship store!

Seriously though I'm sure the new jobs created from all this terrific economically -stimulating spending will come rushing down like an avalanche now!