The National Retail Federation estimated on Sunday that retail sales over the full Thanksgiving weekend will show a decline of 11.3 percent from a year earlier, to $50.9 billion.
The NRF said the average shopper's spending was down to $380.95 from $407.02, as early holiday promotions and a continued surge in online shopping changed the way consumers shopped this year.
Looks like online sales have cannibalized store traffic this season. Who could blame someone for not wanting to wait in line and fight purchasers who act like hyenas fighting over the last scrap of food?
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