Black Friday sales saw their first decline since the recession hit in 2008, and retailers have no one to blame but themselves, The New York Times reports.
“Doorbuster” promotions kicked in a day earlier as more retailers kicked off the holiday shopping season on Thanksgiving Day, the newspaper reports. Still, the decline may be a product of spreading holiday shopping out over more days and online than it is evidence of a faltering economy.
Nevertheless, retailers still had lots to be thankful for. Online spending on Black Friday topped $1 billion for the first time, the Washington Business Journal reports. In addition, Cyber Monday — traditionally the big day for ecommerce sales — could hit $1.5 billion or higher.