The holiday shopping season appeared to get off to a strong start, with
ringing up record one-day sales on Friday as consumers snapped up its discounted electronics and appliances.
The nation's biggest retailer posted overall sales of $14.3 billion on Friday, up 14% from a year ago and the best one-day performance in company history. The shares were up about $1.50 to $55.40 on Instinet.
The Wall Street Journal
saying it saw a "modest increase" in sales over the weekend, while
reported sales increases across all of its categories.
While more will be known about the sector's overall performance when the National Retail Federation issues its report later Monday, one Chicago-based consultant estimated total sales were about $7.4 billion on Friday, up about 12% from a year ago.
Online retailers also had a good weekend, racking up about $150.9 million in sales on Friday, up 40% from a year ago, according to ComSource.