Good work consumers, you spent $10.3 billion on Black Friday – an 8.3% increase from last year. Degree-holding pessimists forecast that sales would rise only 4 to 5 percent. [AP]
Another consumer confidence index has plummeted to its lowest post-Katrina level, and retailers are crying in dark corners of their bedrooms, waiting for the inevitable disastrous holiday season.
Hey there, camper! Why the long face? Bloomberg is reporting that consumer confidence is at a two year low. Does someone need a hug?
Analysts aren’t pleased with Lowe’s and Target’s latest news.
It was only a few short weeks ago that the media was reporting a new 6 year high in consumer confidence. We wanted to buy tacos. And jetskis. And footballs.
Feeling good? Consumer confidence took a huge jump this month, hitting a 6 year high! Woohoo! Let’s buy tacos and jetskis and footballs!
The Conference Board, based in New York, said that the consumer confidence index fell almost five points, to 103.9, from a revised 108.5 in May, reaching the lowest level since August 2006, when the reading was 100.2. Analysts had expected a reading of 106.
• CMP Media trying to >prevent anyone from using the term Web 2.0. God, at least somebody is. [NYT]
Unable to decide whether the economy is good or bad, the Chicago Tribune settles for a resounding, “Yes.”