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Black Friday Sales Sluggish, Stocks Fall

Other notable decliners include GameStop (GME - Get Report), which is falling 3.6% to $24.41, after video game sales had a disappointing showing this weekend, and Zale (ZLC), which is plunging 8.9% to $4.63.

But soft sales aren't a reason to panic. "Historically, sales over the Thanksgiving weekend were a good leading indicator about the 'health; of the overall holiday season," Roth Capital Partners analyst Elizabeth Pierce wrote in a note. "However, over the past few years, as consumers have shopped closer to need, Thanksgiving weekend sales have diminished in terms of relative contribution to total holiday sales and, therefore, the weekend has not necessarily been the best predictor of the overall 'health' of the holiday season."

Retailers are now awaiting how consumers will shop today, on everybody's favorite new shopping day: Cyber Monday. "Cyber Monday," of course, refers to the Monday following Thanksgiving, when shoppers trawl Web sites to find online deals.

NRF expects 96.5 million Americans will shop on Cyber Monday, up from 85 million in 2008.

As a result shares of Amazon (AMZN - Get Report), and eBay (EBAY - Get Report), are some of the only retailers in the green. Amazon is up 2.1% to $134.54, while eBay is growing 3.8% to $24.10.

Over the weekend, Kohl's (KSS - Get Report), already reported its site crashed due to a surge in traffic.

Still, the question looms: Will shoppers keep coming back for more? And what happens once the holidays are over?

-- Reported by Jeanine Poggi in New York

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Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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