This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Black Friday Sales Sluggish, Stocks Fall

(Updated with stock prices.)

NEW YORK ( TheStreet) -- More shoppers braved the crowds on Black Friday, but spent less.

According to the National Retail Federation, 195 million shoppers visited stores and Web sites over the weekend, up from 172 million last year. On average, however, each shopper spent $341.31, down about 8% from $372.57 last year.

"While retailers are encouraged by the number of Americans who shopped over Black Friday weekend, they know they have their work cut out for them to keep people coming back through Christmas," Tracy Mullen, NRF president and CEO said in a statement.

The news sent shares of retailers tumbling on Monday afternoon, with the S&P Retail Index falling 1.3% to 399.22.

Some of the biggest decliners are in the department store sector, with J.C. Penney (JCP - Get Report) sinking 3.8% to $28.15, Macy's (M - Get Report) tanking 6% to $15.95, Saks (SKS - Get Report) dropping 8.4% to $5.99 and Kohl's (KSS - Get Report) off 2.4% to $53.14.

Women's apparel retailers are also in the red, as they experienced the slowest traffic Black Friday weekend. Talbots (TLB) is plunging 6.9% to $6.52, Coldwater Creek (CWTR) is losing 3.2% to $4.29, Chico's (CHS) is decreasing 2.5% to $13.95 and AnnTaylor Stores (ANN) is off 4.`% to $13.65.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SKS $0.00 0.00%
AMZN $372.10 0.00%
EBAY $57.68 0.00%
GME $37.96 0.00%
JCP $8.41 0.00%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs