
Black Friday, the biggest retail shopping day of the year, is usually seen as a key barometer of the health of the economy. And the best way to check its pulse is to look at three of the biggest categories of consumer spending. We included the stores that are leading the retail rebound; department stores like Sears and Target, electronics stores like Best Buy and Frys, and clothing stores like Aeropostale and J.Crew. Also on our list, high-end brands; Nordstrom, Saks, Neiman Marcus, and Banana Republic. While it’s too early to call the final results Mint.com data points to strong Black Friday sales at major merchants.
Our latest infographic is based on the aggregate data from over one million Mint.com users, a representative sampling of US consumers.
Update: we’ve taken a look at the results from Black Friday. To see how retailers are doing go here.
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4 Comments so far
leave a commentNo doubt about it, This will be a very interesting year. I have to buy two Mac Book Pros for Christmas so I know I am spending money.
“Revival of Luxury”?
They’re still all negative, so I guess they’re not bleeding as much. Hard to call it a revival.
The whole “Revival of Luxury” thing is pretty interesting. Do you think it’s because even these luxe brands are doing more and more promotions? If you take a look at http://bit.ly/2IlbYI you’ll notice that BCBG has 50% off sales, Saks holds exclusive 40% off specials, Kate Spade’s doing 75% off sample sales, and even Bergdorf Goodman’s done 40% off deals.
And when it comes to Black Friday http://bit.ly/65Tyg, you can see more and more stores holding early/pre- Black Friday sales.
Concern: of course it makes sense given how Mint works, but forgive me for wondering how our aggregate data is going to be packaged and sold to those interested in watching actual financial data trends. Or is Mint giving it away to Nielsen, et al, as a public service?