investmentresearchdynamics.com / Dave Kranzler /
“We believe Thanksgiving shopping was a bust,” said analysts at SunTrust Robinson Humphrey in a note. They conducted channel checks in the New York metro area, New England and the Southeast region starting on Thanksgiving Day and throughout the night into Black Friday. LINK
Retail sales fell .9% last December. Currently the trend is not the friend of the consumer retail sales bulls:
SunTrust retail analysts are already declaring Black Friday to be a bust. Of course, our first clue this was coming was when the “Black Friday” sales events started two Mondays ago. Anecdotally, I did some “boots on the ground” due diligence today (Black Friday) and found the stores to be eerily quiet. And Denver is considered to have one of the healthier regional economies.
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