Tired of all the doom and gloom over the economy? How about some good news for a change? In our followup to our infographic on Black Friday, the biggest retail shopping day of the year, we take a post Black Friday look at the stores that are leading a resurgence in retail to see how they fared on the big day itself. As predicted, November results show favorable trends for general, clothing and electronics retailers. Although select retailers are still below last years numbers the majority are ahead. It’s been a slow but steady climb back from the lows of the 1st and 2nd quarter. Our latest infographic is based on the aggregate data from over 1 million Mint.com users, a representative sampling of US consumers.
Embed the above image on your site
6 Comments so far
leave a commentI don’t know if it really matters how bad the economy gets. People are compelled to spend money, and double so during the holidays. If they don’t have money they just use a credit card. It’s part of human nature and part of being an American living in a consumer society.
Love the graphic! And love Mint!
Love the info-graphics. Do you do them in house?
Can you guys starting including Amazon as a retailer in these graphs too? They are definitely bigger than NewEgg when it comes to shopping online …
Thanks
Now, let’s watch the credit cards collect in the coming months and see how much of that anyone is buying responsibly.
If anyone will care to remember, in the early fall of 2008 we were all clutching our nadsacks as the government raped us from one end and wallstreet from another. No one was filled with holiday cheer that year, because instead of repenting and keeping Christmas, Old Mr. Scrooge took a fat, hot dump in the stocking of the Tiny Tim’s of the world.
Flash forward to a year later when everyone is fooled by an illusionary upswing in the stock market (due to continued derivative trading and no regulation increases on fractional reserves or leverage thresholds for the banks playing with our money at 0% interest), and it is a no-brainer why people are dumping cash like its going out of style.
Mark my words, fellow Minters. Winter is coming. It will be long. It will be harsh. And there will be many who don’t make it through. Keep your wits about you, and don’t buy into the trends, and you’ll be just fine. That, or learn to hunt and relocate to the Northern Territories or Alaska.
I agree with you guys, today economically prices have reached the peak, but still people in higher class are ready to shop on everything and travel anywhere. Where as the poor are still poor.