Black Friday is projected to be the strongest in years — here’s how retail stocks are reacting
|11/23/2018||Posted by BusinessMediaguide.Com under General World News||
- Black Friday 2018 spending was projected to climb by 5.7% versus a year ago, which would be the fastest growth since 2011.
- Retail stocks were mixed.
- Watch the SPDR S&P Retail ETF trade live.
Total spending over the Black Friday weekend was expected to climb 5.7% versus a year ago to $59.6 billion, according to estimates by GlobalData Retail. That would make for the strongest growth rate since 2011.
“More people have already shopped than at this point last year, and their average spend is read more >>>