(Updated with additional analysis of impact of Cyber Monday sales on November same-store sales comps.)
NEW YORK ( TheStreet) -- Many had hoped that the Black Friday weekend might give the retail sector the boost to overcome a rather lackluster November.
But if preliminary estimates of last month's same-store sales are to be believed, there might not have been enough black ink on Black Friday to paint a pretty picture for November.
So how, exactly, did we get here?It's no secret, by now, that November got off to a slow start, as shoppers waited for Black Friday promotions. When retailers reported third-quarter earnings, some also revealed that they same-store sales mid-month were down by the mid-single digits to low-double digits, Needham analyst Christine Chen wrote in a note. And then last week, according to the National Retail Federation,