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?